Exploration News in Mexico

CNH Seeking Parties for Fields Cardenas, Mora and Ogarrio
CNH Seeking Parties for Fields Cardenas, Mora and Ogarrio 12/13/2016 - As part of the strategy of Petroleos Mexicanos to seek partnerships in order to help strengthen their operations and achieve profitability, the National Hydrocarbons Commission (CNH) made information ...
Mexico Certifies Bidders for Deep Water Oil Auctions
11/28/2016 - Mexico's oil regulator announced a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for Dec. 5. ...
Mexico Round Two Will Be in July
11/14/2016 - Mexico will auction 14 contracts for licenses to explore and extract hydrocarbons from onshore areas as part of the third phase of its Round Two oil tender, the national oil regulator CNH said. ...
Mexico Finalizes Terms for Trion Deep Water Field
11/4/2016 - Mexico's oil regulator approved a final set of business-friendly tweaks to bid rules for a highly-anticipated upcoming auction that will pick a partner for state oil company Pemex to develop its first...
Mexico Eases Consortium Rules for Trion Block
10/14/2016 - Mexico's oil regulator approved a more flexible bidding scheme for a highly anticipated upcoming auction that will pick a partner for national oil company Pemex to jointly develop its deep-water Trion...
Pemex Discovers 6 New Crude Deposits in Gulf of Mexico
9/13/2016 - Mexico's state oil company Pemex said it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters, and four of light crude in shallow waters. ...
Mexico Approves Oil Auction Terms for Onshore Tender in 2017
8/23/2016 - Mexico's oil regulator approved auction terms and contracts for a dozen onshore oil and gas fields, to be bid out next year as part of a series of tenders following a landmark energy sector opening. ...
Mexico Plans Next Bidding Round by End June
6/8/2016 - The next bidding round in the opening of Mexico's oil sector will be called by the end of June and consist of 15 shallow water blocks for exploration and extraction in the Gulf of Mexico, Energy Minis...
Mexico Oil Regulator Sweetens Terms for December Deepwater Auction
4/14/2016 - Mexico's oil regulator voted to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have sl...
Mexico's First-ever Deep Water Gulf Oil Auction Set for Dec 5
2/26/2016 - Contract awards for Mexico's first-ever deep water oil auction covering ten potentially lucrative blocks will take place on Dec. 5, oil regulator CNH said, a tender that will test investor interest am...
Mubadala & PEMEX Sign Memorandum of Understanding and Cooperation
1/19/2016 - Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Development Company (Mubadala), and Petroleos Mexicanos (PEMEX) have signed an agreement, in the presence of H.H. Sheikh Mohammed Bin Rashid A...
MX Oil Provides Update on Four Awarded Mexican Onshore Concessions
1/7/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to provide further details on the four Land Contract Areas ("LCAs") it was awarded, alongside its local partner Geo Estratos ("Geo"), d...
Renaissance Oil Provides Additional Information on Awarded Blocks
1/5/2016 - Renaissance Oil Corp. is pleased to provide additional information on the three petroleum blocks awarded to the Company on December 17, 2015 in Call 3 of Round 1 Mature Field Auction in Mexico. ...
Pemex Discovered 2 Oil Discoveries to Add 40,000 bpd
12/9/2015 - Mexico's state-owned oil company, Pemex, has discovered two shallow-water oil deposits that will eventually produce 40,000 barrels a day, the company's top executive said. ...
Sierra Oil & Gas Sees 1st Exploratory Drill in Early 2017
11/25/2015 - A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform, Sierra's chief exe...
Mexican Oil Regulator Modifies Bid Terms for December Auction
11/9/2015 - Mexico's oil regulator approved tweaks to a third auction set for next month, including more flexible capital requirements aimed at attracting more bids, as well as an extended timeline for companies ...
Lukoil to Take Part in Tender for Gulf of Mexico
10/30/2015 - Lukoil, Russia's No.2 oil firm, plans to take part in a tender to explore for oil and gas in the Gulf of Mexico, Vagit Alekperov, chief executive with Lukoil, was quoted as saying by TASS news agency....
Mexico Sets Minimum Bid Values for Upcoming Offshore Oil Auction
9/14/2015 - Mexico's finance ministry announced the minimum fiscal terms companies will be required to meet to win development rights in an upcoming oil auction, as the country seeks to lure investment despite sl...
Mexico Sweetens Oil Auction Terms Again to Avoid Repeat of Flop
8/25/2015 - Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said, in a...
Mexico Cuts Corporate Guarantee for Next Phase of Oil Auction
8/4/2015 - Mexico's oil regulator voted to sweeten rules for the second phase of the country's so-called Round One auction, such as lowering a required corporate guarantee that had spooked investors in the first...

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