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Pemex News


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…

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’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…

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…

Pemex production falls, causes of gas shortage

After a couple weeks of little or no gas availability in several Mexican states, Pemex gave reason and solution to this shortage. Pemex attributes the problem to a change in management of Pemex refinery and distribution, delay in production on some of its plants due to low maintenance, and bad weather. The Mexican oil company is solving the…

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”…

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