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Pemex News


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”…

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…

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…

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…

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…

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