Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.
A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors as it lacks the wherewithal to reverse years of sagging output.
The discovery of a new 1billion barrel field in the Gulf of Mexico caused a ripple in the oil sector yesterday.
Premier Oil this morning said it had made a "world class" oil discovery.
Subtec, a Blue Marine Group subsidiary, and Maersk Supply Service have agreed a long-term contract, entering Maersk to the Mexican market for the first time.
Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico.
Eni was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.
Fatal fires at two Pemex refineries over the past four months have come at a bad time.
For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.
Premier Oil has spudded its Zama-1 exploration well offshore Mexico - the first exploration well to be drilled on acreage awarded in the country's inaugural international licencing round in 2015.
Mexico’s oil exports went up by 56% in the first quarter of 2017, according to Dallas’s Federal Reserve Bank.
Global law firm Clyde & Co has opened its first office in Mexico following a merger with a firm in Latin America.
Shipments of crude to the U.S. from Mexico fell to a new low last week, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June 2010.
Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries.
Mexico is looking to harness the experience and wisdom of the mature North Sea oil and gas basin as the country pushes forward with energy reforms.
Aberdeen is looking to spice up its international trade deals after Brexit - by signing a new agreement with the Mexican state of Tabasco.
Senior figures from Mexico’s national oil company, Pemex, have been visiting Aberdeen on a fact-finding mission.
Rose Petroleum has entered into a memorandum of understanding with Magellan Gold Corporation for the potential disposal of the firm's Mexican mineral processing mill.
Anger over petrol price hikes in Mexico has fuelled protests and looting, with the unrest causing the death of a policeman and a bystander.
Mexican gasoline prices will rise by as much as 20.1% compared to the highest recorded prices in December.
Total has been awarded licenses in three blocks in Mexico’s first deepwater offshore licensing bid.
Statoil was awarded two blocks in Mexico's Saline Basin in the country's first ever deepwater tender.
Mexico’s first competitive deep-water oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies.
AGR said its business in the Americas has been confirmed as a third party supplier to the country's oil and gas operators to certify and audit reserves.
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.