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AMLO Calls for Mexican Energy Independence
Tuesday, February 16, 2021If President Andres Manuel Lopez Obrador was looking for ammunition in his quest to cut Mexico's reliance on foreign energy, it would be hard to top the electricity blackouts affecting the north of the country.
Brazil Could See $4.5B in Decomm Investments
Tuesday, April 28, 2020The updated procedures will create opportunities for new business and increased investments in the country.
Mexico Votes in New CNH President
Monday, November 11, 2019Rogelio Hernandez Cazares has been voted in as the new president of the National Hydrocarbons Commission.
Fracking Could Revive Colombia's Oil and Gas Game
Thursday, November 07, 2019Fracking could give Colombia's oil industry a new lease on life.
Pemex Aims to Reverse Oil Declines, Balance Budget
Tuesday, July 16, 2019Mexico's Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year.
Mexican Oil at a Crossroads
Tuesday, January 29, 2019Will history or recent reforms drive future policy for the Mexican oil industry?
Mexico Cancels Two Oil and Gas Auctions
Wednesday, December 12, 2018The Mexican government canceled February bidding on two oil and gas auctions, including one which offered blocks targeting shale resources.
Mexico's CNH President Turns in Resignation
Wednesday, November 14, 2018Juan Carlos Zepeda Molina, president of the National Hydrocarbons Commission of Mexico will leave the office in December.
Can Mexico's Oil Production Rebound?
Tuesday, October 16, 2018The need for an oil production rebound is Mexico's most obvious economic reality.
Mexico Oil Auction Winners Stay Positive
Friday, September 28, 2018BHP Billiton and DEA Deutsche Erdoel are hopeful that the slowdown in bid rounds is a feature of Mexico's political transition and won't be permanent.
Mexico's AMLO Allocates $3.9B for New Oil Investment
Monday, September 10, 2018Mexico's next president Andres Manuel Lopez Obrador will allocate $3.9 billion in the budget next year to oil extraction in a bid to resuscitate flagging output.
Mexico Pesident-Elect Plans Oil Drilling Tenders, No New Mining Taxes
Thursday, September 06, 2018Mexican President-elect Andres Manuel Lopez Obrador says his government will launch tenders for drilling oil wells from early December.
Analyst: Mexico's AMLO Will Need Revenue from Energy Sector
Monday, July 02, 2018Wood Mackenzie analyst explains Mexico's elections results and what it means for the oil and gas industry.
Pemex Hunts for Partners as Election Approaches
Wednesday, June 27, 2018Pemex is accelerating efforts to bring on partners before an election that could slow foreign investment in Mexico's oil industry.
Mexico's Landmark Energy Reforms Are Mired In Regulatory Delays
Thursday, May 17, 2018Oil firms that have won drilling rights during Mexico's landmark energy reforms have made little progress on developing the projects.
Reeling From Job Cuts, Mexican Oil Country Pins Hopes on a Rebel
Wednesday, May 02, 2018The promised wave of investment has yet to arrive.
Italy's Eni Is Said to Weigh Sale of Mexican Oil Stake to Qatar
Thursday, April 05, 2018Eni SpA is in talks to sell a stake in its giant oil discovery in Mexico to Qatar Petroleum International, according to people with knowledge of the plans.
Mexico's Election Front-Runner Won't End Energy Reform - Adviser
Thursday, April 05, 2018Mexican presidential front-runner Andres Manuel Lopez Obrador will not scrap sweeping energy reforms that ended a decades-long state monopoly if he wins the election, said one of his top advisers.
Colombia Postpones Sinu-San Jacinto Bidding Round Until May 3
Thursday, April 05, 2018Colombia's oil regulator said it has postponed the deadline to receive offers for 15 onshore areas at its Sinu-San Jacinto auction.
Mexico Awards 16 Of 35 Blocks In Final Oil Auction Before Election
Tuesday, March 27, 2018Mexico awarded just under half of the 35 shallow-water blocks it tendered on Tuesday.
Mexico Regulator Wants Minority Stake Floated in State Oil Firm Pemex
Thursday, March 22, 2018"Pemex needs more capital to invest in its own projects," said an official with Mexico's National Hydrocarbons Commission.
Slowing Mexico Oil Reform Would Be 'A Shame,' Pemex CEO Says
Wednesday, March 07, 2018Mexico's 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
Mexico's Pemex Makes Biggest Onshore Oil Find in 15 Years - President
Friday, November 03, 2017Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said.
Brazil vs Mexico: Latin America's Fight For Big Oil's Money
Thursday, October 26, 2017Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors.
Mexico Expects To Hold A Third Oil And Gas Auction In 2018
Thursday, October 19, 2017Mexico's oil regulator will likely add another oil auction featuring conventional onshore oil and gas blocks, a senior official says.
Woodmac: Only the 'Very Best' Projects Sanctioned
Monday, June 19, 2017Only the very best deepwater projects have been sanctioned during the oil price downturn, which speaks volumes of the Liza field's potential.
Mexico Oil Sector Accidents Raise Doubts About Deep Water Exploration
Monday, June 19, 2017As Mexico opens its energy market to more private investment, the country's drive to exploit untapped deepwater oil riches has raised safety concerns.
Politics Won't Slow Mexico As It Barrels Toward Free Market Energy Economy
Wednesday, May 24, 2017Oil and gas officials tell Mexico Gas Summit in San Antonio audience that 2018's post-election government may accelerate energy reforms intended to open the nation to more foreign investment.
Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.
Exclusive: McDermott to Double Headcount in Mexico by Year-End
Friday, May 05, 2017Mexico's energy reforms drive oil and gas growth, positioning McDermott International to increase its workforce there to 2,000 employees by the end of 2017.
Energy Dep Sec: Mexico's Oil, Gas Industry Open For Business
Monday, May 01, 2017By the end of the year, Mexico's upstream, midstream and downstream sectors will all be open for investment, the nation's deputy energy secretary says during OTC 2017.
CERAWeek: Mexico Eyes US Market For Trion Project's Crude, Natural Gas
Thursday, March 09, 2017A pipeline network with spare capacity could allow Mexico to export oil and gas from its flagship offshore Trion project to the United States, the head of Mexico's oil regulator says.
Mexico's Pemex Sharply Reduces Losses as Oil Prices Rise
Monday, February 27, 2017Mexican state-owned oil company Pemex reported a much smaller fourth-quarter loss, due in large part to higher crude prices.
What's Next for Mexico's Energy Sector?
Thursday, January 12, 2017Rigzone examines the possible long-term outlook for Mexico's energy sector.
Mexico Certifies Bidders for December Deep Water Oil Auctions
Monday, November 28, 2016Mexico's oil regulator announces a final list of 16 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions set for Dec. 5.
Mexico Finalizes Business-Friendly Terms For First Deep Water Project
Friday, November 04, 2016Mexico's oil regulator approves a final set of business-friendly tweaks to bid rules for a highly-anticipated upcoming auction.
Mexico, Cuba, US Talk Again On 'Doughnut Hole' In Gulf Waters
Friday, September 30, 2016Officials from Mexico, the United States and Cuba met on Thursday for a second round of talks on the limits of the Western Polygon, an oil-rich area in the waters of the Gulf of Mexico, two people close to the discussion said.
Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.
BLOG: McDermott Workforce Factor in Altamira Facility's Bright Outlook
Friday, September 23, 2016McDermott International official says Altamira facility workers a "revelation" and part of facility's success.
Mexico 2017 Budget Cuts To Squeeze Pemex, Primary Surplus Eyed
Friday, September 09, 2016Mexico's government set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a $5.36 billion reduction in funding.
Algeria To Send Oil To Cuba To Offset Falling Venezuelan Supplies
Wednesday, September 07, 2016Algeria is sending crude to Cuba for the first time to help offset lower supplies from Venezuela, hit by production problems due to low oil prices, sources say.
Shell Said to Become First Non-Bank to Join Mexico's Oil Hedge
Thursday, September 01, 2016Shell participated in protecting Mexico against low crude prices in 2017, according to people with knowledge of the matter.
Mexico Approves Oil Auction Terms For Onshore Tender In 2017
Tuesday, August 23, 2016Mexico's oil regulator approves auction terms and contracts for a dozen onshore oil and gas fields.
Lack Of Investment, Payment Delays Hamper Venezuela Oil Output
Monday, August 15, 2016Venezuela, which holds the world's largest crude reserves, is on track to suffer its steepest annual oil output drop in 14 years.
Hello, Shortcut: Expanded Panama Canal Spurs New LNG Trade Route
Wednesday, August 10, 2016When the Panama Canal's expanded locks slid open in late June, perhaps no one was happier than executives in the U.S. shale industry.
Brazil Has No Plans to Privatize Petrobras, CEO Says
Monday, July 18, 2016The Brazilian government has no plans to privatize Petroleo Brasileiro and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's CEO says.
Peru Diversifies Crude Imports with Purchases from Brazil, US
Monday, July 18, 2016Peru has started expanding the sources of its crude imports, slowly introducing US and Brazilian grades to a slate mostly based on oil from Ecuador, Africa and Trinidad and Tobago, according to Thomson Reuters Trade Flows data.
Venezuela's PDVSA Issued $831M Debt to Pay Providers this Year
Wednesday, July 13, 2016PDVSA has issued $831 million in promissory notes this year to repay debts to service providers, according to its latest financial statement.
KKR's Mexican Oil Deal Kicks Off New Era in Funding for Pemex
Friday, July 08, 2016The biggest corporate issuer of bonds in emerging markets appears to be taking a breather.
Venezuela's Energy Woes Spread to Its Closest Ally: Cuba
Friday, July 08, 2016