Exploration News in Mexico

Four Firms Exit Initial Offshore Tender in Mexican Oil Opening
7/6/2015 - Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH said. ...
Pemex Unveils Biggest Oil Find in Years, Sees 200,000 bpd Boost
6/10/2015 - Mexican state oil company Pemex had made one of its biggest discoveries in years, unveiling new shallow water oil fields in the southern Gulf of Mexico that could produce 200,000 barrels per day (bpd)...
MX Oil & Geo Listed as Interested Parties in Phase III of Mexico Bid Round 1
6/9/2015 - MX Oil plc is pleased to note that both the Company and its local partner Geo Estratos ('Geo') have been formally listed as interested parties in Phase III of Bid Round 1 by the National Hydrocarbons ...
EMGS Continues to Work for PEMEX in Mexico
6/4/2015 - Electromagnetic Geoservices ASA (EMGS) has received a letter from PEMEX to return for 3D EM acquisition in Mexico. The vessel BOA Galatea is expected to re-start the work for PEMEX. The order is confi...
Mexico Lifts Bidding Limits for First Batch of Oil Tenders
5/29/2015 - Mexico's oil regulator voted to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer with the public auction of 14 shallow water ...
Exxon, Chevron Clear to Bid on Mexican Shallow-Water Blocks
5/26/2015 - Mexico approved 19 companies and seven groups to bid on 14 shallow-water exploration blocks as the country prepares to allow private producers to drill in its waters for the first time since 1938. ...
MX Oil Update on Mexico's Energy Bid Round
5/7/2015 - MX Oil plc notes the recent statement made by the relevant departments of the Government of Mexico, including the National Hydrocarbons Commission ('CNH'), that details of the tender and contract mode...
Shallow Water Opportunities in Mexico's Round One
3/10/2015 - New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 million barrels of oil equivalent ...
Kootenay Provides Phase II Drilling Underway on La Negra
2/23/2015 - Kootenay Silver Inc. is pleased to announce that camp upgrades are complete and Phase II drilling has now commenced on its La Negra Silver discovery, contained within the Promontorio Mineral Belt in S...
First Mexican Shallow-water Oil and Gas Contracts Seen by Mid-July
12/10/2014 - Mexico's initial shallow-water oil and gas contracts will offer companies a share of output with average production costs estimated at about $20 per barrel, the National Hydrocarbons Commission said. ...
Pemex and Reliance Industries sign cooperation agreement
12/4/2014 - Petroleos Mexicanos and the oil company Reliance Industries, India signed a memorandum of understanding (MOU, for its acronym in English) in order to exchange experiences and foster technological coll...
Pacific Rubiales Provides JV with ALFA to Develop Mexican Projects
12/3/2014 - Pacific Rubiales Energy Corp. has entered into an agreement in principle (the "Agreement") with Alfa S.A.B. de C.V ("ALFA") in connection with the formation of a joint venture company in Mexico on a 5...
CGG Confirms Another Client Commitment to its StagSeis Solution
11/21/2014 - CGG announced another significant commitment from an Exploration and Production company to its StagSeisTM multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding the...
Gulf of Mexico Research Awards $140 Million to Support Research
11/14/2014 - The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and...
Shell to Focus on Mexico Deep-water
11/11/2014 - Royal Dutch Shell, one of the world's largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major sector opening finalized earlier ...
Pemex Signs MoU with KUFPEC
10/29/2014 - Petroleos Mexicanos, through PMI International Trade, and Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed a memorandum of understanding (MOU) to share technical and commercial information...
Pemex Signs Cooperation Agreement with Exxon Mobil
10/2/2014 - Mexico's state oil company Pemex and Exxon Mobil Corp signed a non-commercial agreement to jointly explore potential upstream and downstream business opportunities, a statement from the Mexican bourse...
Political Strife Pushes Back Approval for Mexican Energy Laws
6/19/2014 - Political wrangling in Mexico means Congress is unlikely to approve before July legislation to complete an energy overhaul at the center of President Enrique Pena Nieto's economic agenda, lawmakers sa...
Mexico may Trim Pemex's Oil Field Wish List
3/26/2014 - Mexico's energy ministry aims to find a middle ground between strengthening state-run oil company Pemex and ensuring major opportunities for new private producers under a landmark energy overhaul, a t...
BP Announces Successful Results of Mad Dog Well
7/17/2009 - BP announced the drilling of a successful appraisal well in a previously untested southern segment of the Mad Dog field. The 826-5 well is located on Gulf of Mexico Green Canyon block 826 approximatel...

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