Saturday, September 20, 2025

Mexico

Tapping Mexico’s Onshore Oil & Gas Reserves almost a Reality for Canadian Operator IFR

March 8, 2018

IFR on target to be first outside company to drill onshore in Mexico in 80 years, anticipates April spud The Calgary-based company announced this morning that its Mexican joint venture Tonalli Energia is mobilizing a rig to begin drilling the Tecolutla block (onshore) in Mexico. The company said the partners had received the final authorization necessary to commence drilling from

Energy XXI Prepares 2018 CapEx of $145-$175 Million

February 20, 2018

Energy XXI Gulf Coast, Inc. (ticker: EXXI) has approved a 2018 capital expenditure budget in the range of $145-$175 million, which includes funding of EGC’s most active drilling program since 2014, as well as recompletions, facilities improvements, plugging and abandonment (P&A) expenditures and other capital investments. CEO and President Douglas E. Brooks said, “We have contracted a rig that is

United States Powers Up Commodities Exports in 2022

February 12, 2018

The United States will become a net energy exporter in 2022, according to the newly released Annual Energy Outlook 2018 (AEO2018) Reference case from the EIA. The cause? EIA says changes in the petroleum and natural gas market are driving potential exports upward. The transition from net energy importer to net energy exporter occurs even earlier in some sensitivity cases

Anadarko Petroleum Rakes in $976 Million in Q4

February 7, 2018

Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted). Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion. For the year ended December 31, 2017, Anadarko reported a net loss attributable to common stockholders of $456 million, or ($0.85)

EnerCom Conference The Oil & Gas Conference

Texas Oil Industry Group Says Keep NAFTA in Tact; Latest Round of Talks ‘Complicated’

February 5, 2018

Shipments to Mexico and Canada account for nearly 50% of Texas exports EnerCom Dallas conference features a trade expert speaking on NAFTA The nation’s largest state independent oil and gas association has come out in favor of keeping the North American Free Trade Agreement (NAFTA) in place. The Texas Alliance of Energy Producers, its board representing more than 3,300 independent

Hess Corporation Replaced 351% of Production for ~$5 F&D per Barrel

February 5, 2018

Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2.373 billion, including a non-cash accounting charge of $1.7 billion, the company said. This

EIA Mexicos Oil and Gas Fields U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil - Oil & Gas 360

Mexico Regulator Seeks to Host First Shale Auction in 2018

February 1, 2018

From Reuters MEXICO CITY (Reuters) – Mexico hopes to hold its first shale oil and gas auction by the end of 2018, the head of the country’s oil regulator told Reuters on Wednesday, potentially opening up one of the world’s top reserves of unconventional energy to foreign investors. The rapid rise in oil and gas pumped from shale reserves in

Shell Sweeps Nine of 19 Blocks Awarded in Mexico Offshore Gulf Oil Auction

February 1, 2018

From Reuters MEXICO CITY (Reuters) – Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America’s deep waters. Mexican officials estimated the auction, the most important since the country’s energy sector opened to foreign firms

Opening All Pemex Gulf Seismic Data is Boon for Oil Service, Seismic Firms

January 31, 2018

From Reuters Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important auction since a 2013 reform ended the 75-year monopoly on the energy sector held by state-run oil

Mexico Faces Test in Upcoming Deepwater Oil Auction

January 22, 2018

Mexico’s July presidential election, uncertain fate of NAFTA and competition for capital from U.S., Brazil, Argentina and Guyana offshore projects cast a shadows on future of Mexico’s energy reform From Reuters MEXICO CITY (Reuters) – An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to

International Frontier Resources Receives Mexican Drilling Permit

January 11, 2018

International Frontier Resources Corporation (ticker: IFR) has received a drilling permit for its onshore oil and gas block, Tecolutla, with its Mexican JV, Tonalli Energia. Tonalli was granted the right to operate, develop and produce hydrocarbons at Tecolutla through a licensing contract with the Mexican government. The Tecolutla block was awarded to Tonalli as part of the first round and

Mexico Says Its Deepwater Oil Tender Was Doomed by Brazil Competition

December 12, 2017

From Reuters MEXICO CITY (Reuters) – Mexican national oil company Pemex on Friday blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator last Thursday canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company

Premium Content

• Valuation Dashboards

• Marketwatch Stock Data

• Earnings & Events

• EnerCom Conference Replays

• Industry Insights & Opinions