Skip to content

Tag: PEMEX

FB_IMG_1443567056451-640x360

Mexican Energy Boomtown Residents Flee, Blame Government for Violence

When the Mexican government announced the deregulation of its energy sector, many in the industry anticipated a rush to exploit Mexico’s rich hydrocarbon and gas deposits. People living in the Mexican energy boomtown in the Juárez Valley southeast of Ciudad Juárez and El Paso, Texas, allege that land speculators preparing for the start of oil and gas production have spurred a land grab that has forced what some claim is an exodus of local residents.

deep water drilling platform

Historic Mexican Offshore Oil Block Auction Falls Flat

The historic offshore oil block auction being conducted by Mexico fell flat as only two of the fourteen offshore oil fields were awarded. Some of the largest oil companies in the world stayed completely away from the auction.