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UT System and Mexican technology council form partnership

The University of Texas System established a new partnership with CONACYT. The agreement was established with the System’s 14 institutions with the objective of developing STEM-related research and academic programs for faculty and students. by Jenny LaCoste-Caputo, The University of Texas System, August 27, 2015 The University of Texas System took yet another important step…

14 Pre-qualified for 2nd phase of Mexico’s Round One oil auction

A recent announcement has been made that 14 bidders pre-qualified for Mexico’s 2nd phase of Round One. In order to make the pahse more attractive, the government had to modify the bidding rules. The term to make bids will open on September 30. by Fox News Latino, August 21, 2015 Fourteen prospective bidders – nine individual…

CFE pays 635 million to transport gas from Texas to Mexico

Reducing its initial budget by 37%, CFE just signed a contract with Nueva Era Pipeline, LLC. to start building a pipeline that will transport gas from Texas to Monterrey and Escobedo Nuevo Leon in Mexico. This pipeline, which is expected to be commercially operating by 2017, will substitute the initally planned pipeline Colombia-Escobedo. by Francisco…

Mexico’s Pemex hails crude swap with U.S., expects permit this month

Marking another important milestone, U.S. government administration has decided to lift the ban and allow crude sales to Mexico for the first time. by David Alire Garcia, Reuters, August 17, 2015 A historic crude oil swap between the United States and Mexico is “great news” for both countries, and Mexican national oil company Pemex expects…

Wood Group wins Gulf of Mexico contract with Pemex

PEMEX Procurement International signed an offshore engineering contract with Wood Group. The agreement includes deepwater and complex shallow water engineering and was signed for $28 million in 3 years. by Offshore Technology.com, August 12, 2015 Wood Group has won an offshore engineering blanket order with Pemex Procurement International for field development work in the Gulf…

Mexico to postpone deep water auction, adjust next oil tender terms

After a failed first auction for Round One, Mexican government has decided to postpone next bid and adjust the tender terms. According to the energy minister, the requirements will be more relaxed and even allow companies to bid a second time in case the first one fails to meet the minimum requirements. He also stated…

Mexico’s Pemex to export 6 mn barrels of oil to Japan

Pemex agreed to send 6 million barrels of crude to Japan’s JX Nippon Oil & Energy Corporation in the next six months. The shipment, which will be leaving from a Oaxaca port, is an addition to the 4 million barrels Pemex delivered to JX Nippon earlier this year. by Fox News Latino, July 24, 2015 …

Mexico draws natural gas interest from France

French energy group Engie, recently signed cooperation agreements with Mexican entities Pemex, Federal Electricity Commission (CFE), and  National Center of Natural Gas Control (CENAGAS). These MOUs focus mainly on natural gas and electricity projects, facilitating projects and transfer of knowledge between both countries. By Daniel J. Graeber, UPI, June 16, 2015 French energy company Engie said…

Will Mexico be able to rescue its energy reform?

After the unexpected results in Mexico’s Round One initial auction and oil prices stuck in a minimum level, the question of whether the energy reform will be successful or not is starting to surge. Expert Jorge Piñon tells CNN Dinero that the government needs to make contract requirements more attractive in order for the reform to be effective….

Big Oil to battle for Mexico’s deep crude after auction snub

After last week’s disappointing auction, it is expected that next round will be much more attractive to big oil players. According to the experts, the projects that will be announced next August include block near the dividing lines of U.S. and Mexican waters which comprise “more promising geologic structures.” By Joe Carroll, Bloomberg News, July 16, 2015 Mexico…

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