From UPI
Oct. 12 (UPI) — Representatives of diverse political groups in the Mexican Congress questioned the top energy officials in Mexico over corruption linked to alleged Odebrecht bribing, organized fuel theft, declining investment, as well as about potential loss …
From Reuters
MEXICO CITY – Mexico’s president-elect, Andres Manuel Lopez Obrador, assured private energy executives in a closed-door meeting last Thursday their contracts will not be canceled if they meet existing terms, the head of the country’s main oil producers’ …
Mexican state-run oil company Pemex expects to begin importing up to 100,000 barrels per day of light crude oil, likely from the United States, from late October and at least until the end of November, its chief executive …
The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened access to billions more barrels.
The play extends …
Pemex, with the Block 7 Consortium – Talos Energy (ticker: TALO), Premier Oil (ticker: PMO), and Sierra Oil and Gas – have just signed a Pre-Unitization Agreement …
Reuters reported last week that Mexico’s President-elect Andres Manuel Lopez Obrador (nicknamed ‘AMLO’) told reporters that Mexican oil auctions are suspended pending a review of the contracts awarded …
By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it. But the treatment could end up killing the patient.
After borrowing more than $100 billion, Petroleos Mexicanos is …
Netherland Sewell & Associates (NSAI) will wrap up its slate of 2018 Oil & Gas Property Evaluation Seminars with a 2-day seminar in Mexico City on September 5-6, 2018.
The seminar will be held at the Centro Asturiano Polanco, with …
From Transport Topics
An ambitious plan to boost Mexico’s oil and gas production could slow the country’s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, …
Chief executives from companies drilling the North American shale basins, conventional plays in the Gulf of Mexico, Europe and Latin America, LNG exports, …
Mexico’s newly elected president López Obrador (AMLO) took more than 50% of the vote Sunday. The president-elect will assume office Dec. 1, 2018, replacing …
From Bloomberg
Petroleos Mexicanos is accelerating efforts to bring on partners before an election that …
Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) has signed a definitive agreement to be acquired by a privately held Cox Oil affiliate that owns and operates assets in the Gulf of Mexico.
Cox will acquire all the outstanding shares of …
From Reuters
Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in …
Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production …
Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update.
The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – …
U.S. exports of crude, LNG and gasoline are all on the rise, driven by the renaissance in the American energy industry. Crude and LNG exports commonly travel far overseas, …
From the Houston Chronicle
Pemex is finalizing a development agreement with a group led by the Houston exploration and production company Talos Energy, which made the discovery last year about 37 miles …
Pioneer Natural Resources Company (ticker: PXD) reported …
ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.
First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …
The chief executive of Mexico’s national oil company Pemex said on Wednesday it must move toward a stock exchange listing like Saudi Arabia’s Aramco has done but that such a step would take years.
Speaking at an oil …
Royal Dutch Shell’s (ticker: RDS.A) Shell Offshore Inc. finalized its investment decision for the deep-water development, Vito, located in the U.S. Gulf of Mexico.
The company said it estimates a forward-looking, breakeven price to be less than $35 per barrel.…
Vista Oil & Gas, S.A.B. de C.V. (BMV: VISTA), the first Mexican pure E&P listed company in the Mexican Stock Exchange, has agreed to acquire a fully operational oil & gas platform from Pampa Energía S.A. …
Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …
On Tuesday, the opening of bids and awarding of exploration and hydrocarbons production contracts for the First Tender …
From Reuters
LONDON (Reuters) – The head of Mexico’s National Hydrocarbons Commission (CNH) urged the government on Wednesday to float a minority stake in national oil and gas firm Pemex on the Mexican …
U.S. crude oil exports grew to an average of 1.1 MMBOPD in 2017, the EIA said, which is the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level …
In the past three years, the U.S. has exported more energy products to Mexico than it imports. That’s a reversal from just a few years ago.
Historically, energy trading between Mexico and the U.S. was characterized by Mexican sales of …
From the Houston Chronicle
It’s been a year since Petróleos Mexicanos, Mexico’s national oil company better known as Pemex, and Australian-based BHP announced a deep-water drilling venture in the Gulf of Mexico. The oil and gas isn’t flowing yet but …
