Thursday, January 22, 2026

Mexico

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

IFR Forms Strategic Mexican Joint Venture with Petrochemical Leader Grupo Idesa

October 1, 2015

Oil and Gas Projects to Target Energy Reform Onshore Blocks Round 1.3 CALGARY, ALBERTA–(Marketwired – Oct. 1, 2015) – International Frontier Resources Corporation (“IFR” or the “Company”) (TSX VENTURE:IFR), on October 1st, is pleased to announce that it has entered into a strategic joint venture agreement with Grupo Idesa S.A. de CV (“IDESA”). The joint venture will allow for the

Mexico Sells Three of Five Blocks in Latest Oil Auction

September 30, 2015

Mexico Sells 60% of Blocks in Second Auction, Compared to Just 14% in the First Round Mexico’s National Hydrocarbon Commission heard plenty of criticism following its first oil auction in July, in which only two of the 14 available offshore blocks were sold. Its second go-’round was much more successful. The country’s latest oil auction, conducted on September 30, 2015,

United States, Mexico Integrate Energy Industries with Crude Oil Swaps

September 10, 2015

Mexico’s rapidly changing oil and gas industry took another step forward last month, reaching an agreement with the United States Bureau of Industry and Security to swap crude oil depending on its respective grades. U.S. refineries, particularly on the Gulf Coast, are more equipped to handle heavy and sour grade crudes like Mexico’s Mayan crude oil. U.S. refineries best suited

Haynes and Boone Interview at The Oil & Gas Conference 20

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

September 8, 2015

Ricardo Garcia-Moreno, partner with Haynes and Boone, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about the recent reforms to the oil and gas industry in Mexico, and what it means for those doing business in the country. Garcia-Moreno outlines the positives of the most recent offshore auction, as well as what could be done

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

U.S. Loosens Crude Oil Export Ban

August 20, 2015

Crude oil swap with Mexico approved The United States will start to export light crude oil to Mexico as part of a crude oil swap, leading the U.S. another step closer to lifting the ban on exporting crude oil. The deal has already been approved by the Obama administration, although the details about how many barrels will be allowed in

Oil Prices: Argument for a V-Shaped Recovery – Part Two

August 7, 2015

Two Wild Cards, Two Steps to Rebalance (NOTE: Part One of this two-part analysis was published yesterday and can be accessed here.) Wild Card No. 1: Iran Iran is the loudest blender of the oil market margarita. The EU used to be the first trading partner of Iran, but due to the sanctions regime, China, the UAE and Turkey are now Iran’s main

Mexico Makes Changes to Auction Terms for ‘Round Two’ of Investments

August 7, 2015

The Mexican government announced changes to the requirements for offshore The Mexican government announced that the second round of offshore bids to be held in 77 years in the Gulf of Mexico will be different of those in the first round, which only saw two of the fourteen blocks offered auctioned off. The second auction, due to take place September

12 of 14 Blocks Go Unsold in Mexico’s First Oil & Gas Auction

July 15, 2015

American Majors Avoid Shallow Water Round Mexico offered its first auction for oil and gas rights in 77 years today. It presented a total of 14 blocks in the shallow Gulf of Mexico. A handful of bids were received but only two blocks were sold, a result of some bids not measuring up to requirements from Mexico’s Energy Ministry. Only

Howard Energy Partners Plans to Build 200-Mile Pipeline from Texas to Mexico

June 26, 2015

New natural gas pipeline to Mexico expected to be in service by July 2017 Howard Midstream Energy Partners (HEP) announced today that it plans to develop the Nueva Era Pipeline, an approximately 200-mile, 30-inch natural gas pipeline connecting its existing Webb County Hub in Webb County, Texas to Escobedo, Nuevo Leon, Mexico, and the Mexican National Pipeline System in Monterrey,

PEMEX Makes Its Largest Discovery in the Last Five Years

June 15, 2015

Four new discoveries could generate 200 MBOPD Petroleos Mexicanos (PEMEX) announced last week that the company made its largest discovery in the last five years. The four offshore finds are located in the southern Gulf of Mexico, in an area known as Litoral of Tabasco, according to a press release from PEMEX. The finds are located near the company’s most

Mexico’s Reserves Fall 3.1%

March 12, 2015

PEMEX struggles to replace production Mexico’s proven oil and gas reserves fell by 3.1% last year to 13.02 billion BOE as national oil-major Petroleos Mexicanos (PEMEX) was unable to find enough new reserves to replace production last year, the National Hydrocarbons Commission said. Proved reserves in 1990 stood at 55 billion BOE, but have since been in sharp decline, reports

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Bipartisan Movement Towards Stronger Energy Ties with Mexico

February 19, 2015

Twenty Senators ask Congress to authorize more trade with Mexico Senator Lisa Murkowski (R-AL) and 19 other senators asked Commerce Secretary Penny Pritzker to authorize the export of oil to Mexico in a letter this week. Murkowski said in her letter that expanding U.S.-Mexico energy relations would be mutually beneficial. The letter address reports that Mexico’s PEMEX applied for swap

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