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French Energy Group Engie is ready to take part on CFE’s pipeline bidding

Philippe Delmotte, Director of Engie Mexico, announced the company’s intentions to prepare for CFE’s pipeline bidding. Engie will submit three proposals for electric factories, each one with a $1 billion USD investment. The french enterprise, which has operations in Estado de Mexico, Jalisco, and Queretaro among others, is building a natural gas project in “Los Ramones”…

First Mexican Company that goes for after Round One bids

EMUSA Energy Group (EEG) is confirmed to be the first Mexican company interested on bidding on the third phase of Round One. EEG’s Alberto Bessoudo, said that in the next five months the company would look for alliances with international enterprises to strengthen its proposal. Since its creation in 2012, EEG has focused on the exploitation…

New Auction for Round One Will be the Cherry on Top

Mexican Energy Secretariat recently announced Round One’s fourth auction in July, which will include exploratory block in deep waters of Tamaulipas, Veracruz, Tabasco, and Campeche. It will also include fields of heavy oil with 2P reserves in shallow waters of Sonda de Campeche. The new bidding opportunity gives Pemex more liberties, as the company will…

Recent PEMEX discovery will improve bid for Round One

Pemex recent discovery in the Gulf of Mexico is expected to improve negotiations during the Round One bids. The new find is located close to the Round One area, in Tabasco, which may motivate companies to offer better terms during the bid. Results of this first round will be announced July 15th. by Yussel González,…

Mexico’s Pemex unveils large oil find

Mexico’s Pemex unveils large oil find

Pemex just discovered new shallow water oil fields that could produce 200,000 barrels a day by 2018. These fields are located in the Gulf of Mexico off the coast of Tabasco and Campeche and are comprised of light crude and heavy crude. by The Guardian, June 10, 2015 The Mexican state oil company Pemex has…

Shell interested in Mexico’s shale gas

Shell recently expressed its interest in investing in Mexico’s technology and infrastructure to develop natural gas as a primary energy resource. Although Shell has focused primarily in liquid gas for decades, the company is looking at this as a long term investment and analyzing all opportunities that solve the growing energy demand. by Karol Garcia, El Economista, June 3rd,…

RSI Commences Reservoir Characterization Project for PEMEX E&P

RSI announced new project with Pemex E&P on seismic and CSEM 3D data studies in the Deepwater Gulf of Mexico. This project is part of the agreement that the firm has with Pemex Procurement International and will be executed both in Mexico and the U.S. by Business Wire, June 01, 2015 RSI today announced the award…

Petrobras To Help Pemex Explore For Oil

In 2000, Pemex and Petrobras started conversations around a possible collaboration, now 15 years later, such collaboration might come to pass. On late May, Brazilian President Rouseff expressed her interest and offered technical support to Pemex. Although Petrobras is in the middle of a big scandal, it possesses great deep water expertise and Pemex, with  the…

CNH eliminates restrictions on shallow water bids

Comision Nacional de Hidrocarburos or CNH recently lifted restrictions for the exploration and extraction of hydrocarbons in shallow waters of the Gulf of Mexico. The 14 companies that had previously signed contracts, will now be able to offer individual bids for additional projects/areas and are no longer restricted to just 5 areas.Other modifications to the initial contracts…

Investment into Mexico fell 49 percent last year, hastening need for oil and gas funding

Latin America and the Caribbean FDI fell 16% from 2013 to 2014, Mexico being the country with the largest decline on investments. While it is believed that the new energy reform will cause investment to “pick up” economy experts say the big decline is due to Mexico’s underperformance. by Bloomberg, May 27th, 2015 Chile bucked the…

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