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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…

Mexico Auctions Oil Blocks in Attempt to Increase Production

The morning of July 15th, SENER and CNH held an auction that would assign 14 blocks off the coast of Mexico. Bidders were national and international corporations and consortiums for the energy industry interested in Mexico’s oil and gas resources. However, the results of the auction resulted in a disapointment to many,  as only 2…

CNH announces winners for Round One first auction

by Mariana Serna, University of Texas at Austin, July 2015 On July 15th, Mexico’s Comision Nacional de Hidrocarburos (CNH) released the proposals and winners of the first auction for Round One. Nine participants handed in proposals, including 5 corporations and 4 consortiums. 14 areas were up for bid in this round. The bidding process was simple,…

An update on Central American gas pipeline

A second reunion took place between representatives of Mexico, Guatemala, El Salvador, and Honduras to discuss the importance of gas pipelines and its development through a public international bid. This proposal is meant to be executed in August on a regional effort to promote sustainable and economical development through access to natural gas. by Notimex…

Pemex is granted oil refining permits for the next 30 years

Sener granted Pemex 18 permits that will allow the company to continue working on oil and gas activities. Six of these permits correspond to refineries, nine were appointed to gas, and three for oil. All licenses expire withing 30 years and should operate withing the Hydrocarbon Law. These permits establish new obligations such as the…

Pemex drops out from Round One

Pemex drops out from Round One

Just a week before Round One winners were announced, Pemex declined its participation for this bid. The Mexican oil company is undergoing financial pressure due to lower income and oil prices and had decided to focus its efforts partnering with other corporations for future bids. Energy expert Jorge Piñon talks to CNN about the recent Pemex’…

Pemex won’t take part on Round One first phase

Pressured by the collapse of its income due to low oil prices, Pemex will not be taking part of Round One’s first phase. The Mexican oil company expects to participate in future bids, but only in partnership with other corporations. The announcement was made after companies Noble Energy, Ecopetrol, PTT Exploration and Glencore also dropped out of…

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