Post Tagged with: "Mexico"

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

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 …

Brazil’s 15th Offshore Bidding Round Sets a Record

Brazil’s 15th Offshore Bidding Round Sets a Record

Brazil’s 15th Bidding Round raised over USD$2.4 billion – this sets a new record for Brazil’s auctions. According to the Brazilian National Petroleum Agency, the 15th round will generate investments of USD$361.6 million in the first/exploration phase of the concession …

Oil Hedges: Brazil and Mexico

Oil Hedges: Brazil and Mexico

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 …

Round 3.1 Overview Map

16 Contracts Awarded to 12 Bidders in Mexico’s Shallow Water Auction Round 3.1

Results of Mexico’s Shallow Water Auction – Round 3.1

18 bidders participated in the event

16 contracts were tendered to 12 bidders

On Tuesday, the opening of bids and awarding of exploration and hydrocarbons production contracts for the First Tender …

Mexico’s CNH Chief Urges Govt. to Sell a Minority Stake in State-Owned Pemex

Mexico’s CNH Chief Urges Govt. to Sell a Minority Stake in State-Owned Pemex

Says Pemex Urgently Needs to Raise Capital

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 …

March 23, 2018 - 8:29 am Closing Bell Story‎, Energy News, Mexico
Liquefied Natural Gas Plant, Australia

U.S. Crude Oil, NatGas Exports Both Hit New Highs

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 …

Trade Shift: United States Exports More Energy Products to Mexico

Trade Shift: United States Exports More Energy Products to Mexico

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 …

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

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

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 …

Pacific Bora drilling rig arrives at Oyo-9 field in
deepwater offshore Nigeria

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

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 …

February 20, 2018 - 1:03 pm Closing Bell Story‎, Mexico, Offshore, Oil and Gas 360 Articles
US Net Energy Trade (1990-2050)

United States Powers Up Commodities Exports in 2022

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 …

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

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

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 …

February 5, 2018 - 5:52 pm Canada, Closing Bell Story‎, Mexico, Oil and Gas 360 Articles
President of Mexico Enrique Peña Nieto

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

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 …

January 31, 2018 - 10:21 am Closing Bell Story‎, Energy News
Mexico Faces Test in Upcoming Deepwater Oil Auction

Mexico Faces Test in Upcoming Deepwater Oil Auction

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 …

January 22, 2018 - 1:00 pm Closing Bell Story‎, Energy News, Mexico, Offshore
IFR Tecolutla Map

International Frontier Resources Receives Mexican Drilling Permit

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 …

Pemex makes Mexico’s biggest onshore oil find in 15 years: president

Pemex makes Mexico’s biggest onshore oil find in 15 years: president

From Reuters

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday.

Tanker trucks of state-owned company Petroleos Mexicanos …

November 3, 2017 - 5:54 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: CatholicVoices.org

Texas Grants First Drilling Permit to Mexican Oil Company

From MexicoNOW

For the first time ever, Texas authorities have issued a drilling permit to a Mexican company for gas and oil extraction in the state.

The Texas Railroad Commission, the agency that regulates the energy industry in the state, …

BP Begins Shipping NatGas to Industrial Customers, Independent Power Producers in Mexico

BP Begins Shipping NatGas to Industrial Customers, Independent Power Producers in Mexico

Delivering to 8 states – Nuevo Leon, Coahuila, San Luis Potosi, Veracruz, Mexico State, Guanajuato, Tamaulipas and Queretaro

BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas …

Mexico Publishes First Gas Price Index Post Privatization of Oil & Gas

Mexico Publishes First Gas Price Index Post Privatization of Oil & Gas

EIA Mexico Shale Gas MapMexico’s Energy Regulatory Commission (CRE) released its first monthly price report on August 18, 2017.

As part of its ongoing series of energy reforms that reduce government market controls, the Mexican government converted to a liberalized natural gas market …

Mexico’s First Pipeline Open Season

Mexico’s First Pipeline Open Season

Mexico’s National Center for Natural Gas Control (CENAGAS) conducted its first open season for capacity rights to its natural gas pipeline grid. The auction took place in May, 2017. In “Round 0”, which took place in October, 2016, CENAGAS allocated …

Onshore Mexico Bid Round 2.3 Will Yield $2 Billion in Investment

Onshore Mexico Bid Round 2.3 Will Yield $2 Billion in Investment

Mexico’s continuing oil and gas reform:  21 of 24 onshore oil and gas blocks auctioned off in Round 2.3

The winners of the Mexican Energy Reform Onshore Bid Round 2.3 were announced today. Of the 24 blocks available through the …

IFR Joint Venture Cleared to Bid in Next Mexican Onshore Round

IFR Joint Venture Cleared to Bid in Next Mexican Onshore Round

The Mexican government estimates fields in Round 2.3 contain 251 MBOE of recoverable resources

International Frontier Resources (ticker: IFR) announced Monday that its 50/50 joint venture company Groupo Idesa, Tonalli Energia, is one of 12 companies and seven consortiums named …

Mexico’s CNH to International Frontier Resources: You are Cleared for Takeoff

Mexico’s CNH to International Frontier Resources: You are Cleared for Takeoff

IFR scores approval for Tecolutla evaluation plan; next step–drilling permits

Clagary-based International Frontier Resources (ticker: IFR) announced Friday that the company received approval from the National Hydrocarbons Commission (CNH) for its evaluation plan of Block 24 Tecolutla. IFR’s joint venture …

Good News for Mexico

Good News for Mexico

Mexico awards 10 shallow water GOM blocks in successful 2.1 bid round

The National Hydrocarbon Commission of Mexico awarded 10 out of the 15 exploration blocks that were in its Round 2.1 lease auction this week. The awarded leases cover …

Revision of NAFTA Could Have Big Impact on Energy Industry

Revision of NAFTA Could Have Big Impact on Energy Industry

Senate weighs in

On June 8th, 2017, a bipartisan team of United States Senators Cornyn, Cruz, Hoeven, Moran, Heitkamp, Daines, Inhofe, and Murkowski sent a letter to the United States Trade Representative, Robert Lighthizer, urging him to consider …

International Frontier Resources Prepares for 2017 Drilling Program in Mexico

International Frontier Resources Prepares for 2017 Drilling Program in Mexico

International Frontier preps for Tecolutla workovers in the near-term and new drilling in Q3

Calgary-based International Frontier Resources (ticker: IFR) announced its fourth quarter and year-end operating results for 2016 Wednesday. In the company’s release, IFR said it anticipates …

International Frontier Resources Now Fully Funded for 2017 Operations in Mexico

International Frontier Resources Now Fully Funded for 2017 Operations in Mexico

International Frontier Resources closes financing for C$5.1 million

Calgary-based International Frontier Resources (TSX: IFR, OTCQB: IFRTF) announced today that the company closed it previously announced private placement for gross proceeds of C$5.1 million effective March 3, 2017, which consisted of …

IFR Makes Early Dive into Mexico’s Round 2.3

IFR Makes Early Dive into Mexico’s Round 2.3

IFR has been granted access to the data room for the third tender of Round 2 in Mexico’s onshore oil and gas auction

Calgary-based International Frontier Resources (ticker: IFR) announced Thursday that its jointly owned Mexican company Tonalli Energia has …

Source: CatholicVoices.org

Export Development Canada Provides Financial Support for International Frontier Resources in Mexico

Export Development Canada to provide half of International Frontier Resources’ performance bond for work in Mexico

Calgary-based International Frontier Resources (ticker: IFR) announced today that the company has closed on an Account Performance Security Guarantee (APSG) with Export Development Canada …

Mexico Delays Next Phase of Auctions as Fuel Scarcity Increases

Mexico Delays Next Phase of Auctions as Fuel Scarcity Increases

Mexico will announce the winners in the second round of offshore auctions three months later than expected

Mexico will delay the announcement of winners for Round 2 of its oil and gas auction in order to allow more companies to …

IFR Moves Forward in Mexico

IFR Moves Forward in Mexico

IFR jointly owned partner Tonalli shoots for first well on Tecoluta in 1H 2017

International Frontier Resources Corporation (ticker: IFR) has officially taken over operatorship of onshore oil and gas development block Tecolutla from state-owned PEMEX in Mexico.  IFR’s jointly …