Mexico’s Oil and Gas Privatization As part of Mexico’s goal to revitalize its oil and gas production, the Secretaria de Energia (SENER) issued a five-year, four-round tender plan (2015-2019) for the denationalization of 914 oil and gas blocks, of which round 2.2 is a part. Last week Mexican regulators signed off on the final six contracts of its first onshore
Mexico represents one of the largest privatizations of oil and gas assets that has ever occurred While oil majors jockey to win bids to explore Mexico’s deepwater Gulf of Mexico offshore blocks, a Canadian energy company has been researching Mexico’s onshore resource plays, bringing on experienced technical talent and senior Mexican energy industry board members, and it has just secured a license
On day three of EnerCom’s The Oil & Gas Conference® 21, a panel of experts talked about the Permian basin and the rapid growth in activity it has seen in the past three years. Panelists were Jeb Bachmann of Scotia Howard Weil, Will Green of Stephens Inc. and Bill Davis of Vaquero Midstream. Scott Rees, Chairman of Netherland Sewell, started things off
International Frontier Resources presents at EnerCom’s The Oil & Gas Conference® During IFR’s breakout sessions, management was asked the following questions: How are you going to get production out? Did you look at anything in Burbos basin (Eagle Ford Extension)? Please clarify environmental liabilities. Anything found after 180 days is the responsibility of PEMEX? Would you have entered Mexico without
International Frontier Resources explores Mexico’s untapped potential Mexico’s oil and gas potential has been overshadowed in recent years by the tremendous success in the United States and Canada—the rest of North America. But Calgary-based International Frontier Resources (ticker: IFR) plans to help start the trend of new success stories south of the U.S. border. International Frontier Resources is among the
Colin Mills joins International Frontier Resources’ board of directors International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V: IFR) is pleased to announce the appointment of Colin Mills to its board of directors. Mills brings over 30 years of experience in strategic and tactical operations with an extensive and diverse background in power generation. He has established and led teams to achieve significant business
Calgary based International Frontier Resources Corp. (ticker: IFR) has appointed Ignacio Quesada Morales to its board of directors. Quesada is a managing director with Alvarez & Marsal Mexico. Before joining A&M, Quesada served as Chief Financial Officer and Board Member with Petroleos Mexicanos (PEMEX), Mexico’s national oil company. At Pemex, Mr. Quesada was responsible for treasury, budgeting, accounting and risk
An overlooked gem in the rough – Mexico’s under-exploited oil and gas resources In the years of the shale boom, North America has become one of the major players on the global oil and gas stage. Methods like horizontal drilling and hydraulic fracturing unlocked vast quantities of oil and gas previously untapped in the U.S. and Canada, but another major
Opportunity strikes for International Frontier Resources: Canadian E&P wins bid at auction in Mexico After 77 years, the Mexican government held its auction for oil and gas rights in July of last year. The first auction since Mexico’s decision to loosen the grip of the state-run monopoly held by national oil giant PEMEX saw just two of fourteen shallow-water blocks
MEXICO CITY, MEXICO and CALGARY, ALBERTA–(Marketwired – April 11, 2016) TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tula – Villa de Reyes pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract for 886 million cubic feet a day with the Comisión
Mexico hopes to join the IEA as it continues reforming the oil and gas sector Mexican Secretary of Energy Pedro Joaquin Coldwell today presented International Energy Agency (IEA) Executive Director Fatih Birol with an official letter declaring Mexico’s interest in becoming an IEA member. The declaration of interest is the latest step in Mexico’s ongoing process of reforming its oil
Mexico’s state-owned oil major is on pace to record its lowest annual production in three decades Petroleos Mexicanos (Pemex) has transformed its energy policies and welcomed investments with open arms, but the progress is no match for the 53% drop in Mexico crude oil basket prices from one year ago. Pemex posted a loss of 167.6 billion pesos, or $9.9
