Regional News: Latin America

 
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Mexico's Pemex Posts Wider 2Q Loss On Lower Prices, Output
Tuesday, July 28, 2015 Pemex reports a bigger second-quarter loss, weighed down by a nearly 10% slide in crude output.

After Deadly Blast, 2.7 Million Barrels of Pemex Oil Go Missing
Friday, July 24, 2015 Since a deadly blast on April 1 tore through one of Pemex's offshore platforms, the Mexican oil giant baffles industry analysts with its assessment of the damage.

Mexico's Pemex To Submit Rest Of Deep Water Tie-Up Requests In August
Friday, July 24, 2015 Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil company says.

Mexico's Pemex To Ship 6 Million Barrels Of Crude To Japan Refinery
Friday, July 24, 2015 Mexico's Pemex said it agrees to ship six million barrels of its light crude to Japan's largest refinery over the next six months, as the state-run oil company seeks to further develop its ties with Asia.

First Phase Of Historic Mexico Oil Auction Misses Expectations
Wednesday, July 15, 2015 Mexico auctions only two of 14 blocks in its initial offshore oil and gas tender, falling far short of the government's modest expectations.

  


Size Matters as Big Oil Takes Pass on Mexican Oilfield Auction
Wednesday, July 15, 2015 ExxonMobil, Chevron and Total opted out of Mexico's historic oil auction because the fields are too small.

Mexico Battles Bad Timing in 1st Sale of Oil Fields Since 1930s
Tuesday, July 14, 2015 Mexico waited 77 years to invite foreign oil producers back into its borders. That was one year too many.

Mexico's New Oil Era Is Here and Economic Legacy Is at Stake
Monday, July 13, 2015 Mexico's government is set to hold the first in a series of petroleum auctions that will help open the energy industry, bringing in an estimated $62.5 billion by 2018.

Mexico OK Awarding Just 30% Of 14 Round One Oil Tenders
Wednesday, July 08, 2015 Mexico's Energy Minister Pedro Joaquin Coldwell says that awarding just 30 to 50% of the 14 contracts up for tender as part of the first phase of a so-called Round One oil auction would be acceptable.

Four Firms Exit Initial Offshore Tender In Mexican Oil Opening
Monday, July 06, 2015 Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH says.

Tough Contract Rescission Clauses Could Blunt Mexican Oil Opening
Thursday, July 02, 2015 Mexico's historic oil opening later this month could be undermined by company fears the government will have too much discretionary power to repeal contracts over industrial accidents and other failings.

Mexico's Proven And Probable Oil Reserves Dip 7% In 2014
Tuesday, June 30, 2015 Total Mexican oil and gas reserves fell last year as Pemex was unable to certify enough new discoveries to compensate for current production, the country's oil regulator CNH says.