Mexico’s 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
Mexico’s Vista Oil & Gas has clinched a deal to buy assets in Argentina for $700million.
Mexico will today hold its most important oil auction since reforms to the country’s energy sector in 2013.
If you’re a super-major oil explorer, Mexico says it’s got a bargain for you.
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
An auction to become the marketer for Mexico’s share of oil and gas extracted under new contracts has fallen flat, a news report said. The National Hydrocarbons Commission said no bids were received by yesterday’s deadline, Reuters reported. A new tender process will be launched in the coming days, it said.
Hurricane Harvey’s crushing blow to the U.S. energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbor.
UK-based energy service firm Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.
A Mexican green energy start-up is harnessing the unused parts of the prickly pear cactus to create biomass.
Mexico’s Vista Oil & Gas has raised $650million through a share placing, a news report said. Vista, an energy investment firm, became the country’s first publicly traded oil firm by floating on the country’s stock exchange, Reuters reported. The company is backed by private-equity firm Riverstone Capital.
The US was a net exporter of natural gas in three of the first five months of 2017, bucking a trend which has lasted more than half a century, a new report said.
Premier Oil today confirmed the 1billion barrel estimate for a giant discovery offshore Mexico.
A court has approved North Sea operator Premier Oil's debt restructuring plans.
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.