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NATIONAL HYDROCARBONS PLAN On December 16, 2018, Mexican President, Andrés Manuel López Obrador announced a new National Hydrocarbons Plan which aims to increase the oil extraction to 2.4 million barrels of crude oil per day in 2024. Among the announcements made by the Mexican President related to this plan are: (i) invest in exploration blocksLeer más

NATIONAL REFINING PLAN On December 09, 2018, Mexican President, Andrés Manuel López Obrador announced a new National Refining Plan which aims to reduce the high amounts of oil products and crude oil which are imported by México. López Obrador basis to announce this plan is mainly the fact, that as per government official numbers, MéxicoLeer más

PEMEX / FARM OUTS   As per information released on August 27, 2018, the State-Owned Productive Company, Petroleos Mexicanos (“PEMEX”) may, in the coming years, choose directly the partners with whom it would seek to exploit oil fields in partnership, also known as “Farm Outs”. In this regard, Fluvio Ruíz, who could be the nextLeer más

CNH-R02-L04/2017 Tender Results   On January 31, 2018, the National Hydrocarbons Commission carried out the filing and opening of economic proposals act related to the tender CNH-R02-L04/2017 for the awarding of license contracts for the exploration and extraction of hydrocarbons in deep-waters. Pursuant to the results of the tender, 19 contractual areas, out of 29,Leer más

PEMEX LOGISTICS OPEN SEASON 2.1   On February 2018, Pemex Logistics (“Pemex Logística”) released a call to participate in the auction 2.1 for the awarding of capacity in the Storage and Transportation System by pipeline in the Pacific area known as Topolobambo. The capacity subject matter of the referred call for the open season isLeer más

Second Tender of Round 3 On January 24, 2018, the National Hydrocarbons Commission (“CNH”) released the bidding guidelines for tender number CNH-R03-L02/2017 for the awarding of exploration and extraction of hydrocarbon license contracts in onshore contractual areas (the “Tender”). The Tender is composed of 37 contractual areas located in three different sectors: (i) Burgos, (ii)Leer más

PEMEX LOGISTICS OPEN SEASON 1.2   On January 09, 2017, Pemex Logistics (“Pemex Logística”) released a call to participate in the auction 1.2 for the awarding of capacity in the Storage and Transportation System by pipeline in the North Zone Border Systems of México. The capacity subject matter of the referred call for the openLeer más

On September 18, 2017, the National Hydrocarbons Commission (“CNH”) published, the call for bidding procedure CNH-A5-NOBILIS-MAXIMINO-C4-2017, which purpose is the selection of partner so the State Owned Productive Company, PEMEX Exploration and Production, may jointly exploit with a partner, the block described below. Bidding Block: Name Location Prospective Resources(million barrels) Property of resources Nobilis-Maximino MexicanLeer más