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Mexico News


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…

Chevron, Exxon pre-qualify for Mexico’s Round One

Energy giants, Chevron and ExxonMobil, qualified for Round One bid in Mexico. Applicants were required to have expertise in working in shallow waters and demonstrating participation in at least three exploration and production projects with investments of US$1 billion. In total, 26 companies applied for the first bid round. by Audrey Leon, Offshore Engineer, May 26th,…

Mexico Oil Firm Pemex Creates Cogeneration Unit, Shuffles Executives

After losing it’s title as Mexico’s oil producer, Pemex is now exploring the option of producing electricity. The company is restructuring and creating a Cogeneration and Services division which will harness excess of vapor and heat form its industrial operations. by Lawrence Iliff, Wall Street Journal, May 22nd, 2015 National oil company Petróleos Mexicanos created…

Mexico’s Round One to Attract Smaller Players

Twenty-six onshore conventional fields in the Burgos, Tampico-Misantla and Salinas-Sureste basins are being offered in the next phase of Mexico’s Round One. Production of these fields is no larger than 35,000 which doesn’t interest large firms but opens opportunities for smaller private exploration and production firms. Process will also be different, as this round will…

Latin American Energy: Issues and Prospects

UT’s Jorge Piñon and other experts from the energy sector, were brought in to  The Wilson Center’s Regional and Global Energy series in Washington, D.C., to discuss challenges in Latin America. Keynotes and panels were formed by experts from public and private sector, each bringing up topics in different countries such as Brazil, Argentina, Mexico, Venezuela and the…

Low oil prices hamper Mexico’s deregulation, limit potential Cuban development

Expert Jorge Pinon talks to World Oil about the future of oil in Mexico. He believes that current projects will take up to seven years to monetize, raising questions among investors as to how future oil prices affect their investment. On the other hand, Pinon says that Cuba’s oil industry has yet to demonstrate its potential. After five failed attempts, low…

Infrastructure: Energy, Central America Key Focus

The Latin American Leadership Forum will take place in Guatemala in June 9-11. At this event, energy industry leaders from Mexico, Guatemala, Honduras, and El Salvador, will come together to announce upcoming projects for the Central American regions. One of these projects involves large oil producer PEMEX, and consists of the construction of a pipeline…

PEMEX and GWDP announce partnership to develop water-focused infrastructures for Mexico

Petroleos Mexicaons (PEMEX) and Global Water Development Partners (GWDP) have recently signed an agreement for better management of gas water and wastewater operations. The  Memorandum of Understanding (MOU) signed by both companies, includes financial agreement and access to each other’s most advanced technology. by Christine Anderson, Blackstone Press Releases, May 12th, 2015 Petroleos Mexicanos (“Pemex”), and Global…

Mexico’s energy reform has potential to be transformative

Mexico has some of the world’s largest oil and gas reserves, and now that Petroleos Mexicanos (PEMEX) will seize to be the oil monopoly leader, eyes are being drawn to Mexico. The newest energy reform opens doors to foreign firms for exploration, investment and research opportunities in Mexico. Such opportunities have a great impact no only…

Cuba insists it has oil; U.S. companies still uninterested

Cuba has made it public that they are now a new resource for oil, admitting that their Gulf of Mexico waters hold billions of barrels. However, there hasn’t been any exploration interest expressed by the U.S. or other countries. While the renewed relationship between Cuba and the U.S. is boosting tourism and agriculture industries, oil…

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