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Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Mexico’s energy ambitions weigh heavily on Pemex
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
Mexico’s new president faces fiscal crunch
While greater focus on decarbonisation is likely, economic pressures and huge debt burden could squeeze energy policy ambitions
Mexico’s election could evolve oil nationalism
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
Mexico’s fledgling LNG export industry faces growth challenges
While developers are making progress, infrastructure, regulatory and political uncertainties risk stunting opportunities
Optimism grows around Mexican upstream
Things are looking up for exploration and production in Mexico, with new finds and developments set to boost output in coming years
Global LNG analysis report 2023 – Part 4
The fourth and final part of this deep-dive analysis looks at LNG projects planned or underway across the Americas
Eni makes strategic gamble with Libya gas project
Despite previous security concerns, Eni enters JV with Libya's NOC for major hydrocarbons development
Mexico Eni Pemex Cairn Energy
Justin Jacobs
21 June 2017
Follow @PetroleumEcon
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Heavyweights lift Mexico's second oil round

Drilling boom offers bright spot in otherwise bleak global oil exploration outlook

After getting off to a rocky start, Mexico's oil opening is gathering momentum. This week's shallow-water acreage offering, the latest in a series of oil tenders started in 2015, was a resounding success. Ten of 15 blocks put up for tender were awarded, drawing winning bids from a healthy mix of international majors, local independents and national oil companies. Two years of oil auctions have now set the stage for an exploration drilling boom in Mexico that should bring billions of dollars of investment and, eventually, lift sagging output. It offers a rare bright spot in an otherwise bleak landscape for global oil exploration. Eni was the round's biggest winner, snapping up three of the bl

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Petroleum Economist: June 2025
12 June 2025
The June 2025 issue of Petroleum Economist is out now!

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