Citizens are starting to settle down after the gasoline shortage but the country’s thirst for more fuel seems to be unquenchable. The industry is looking forward to new projects to boost production but PEMEX is handing out contracts under direct assignation raising some question marks among players.
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Advance in Infrastructure Development?
Transparency in question as PEMEX assigned US$1.6 billion worth in contracts without public tenders. These contracts include: construction and installation of platforms, drilling services and the lease of marine equipment in shallow waters.
The Tuxpan-Veracruz marine gas pipeline is ready to start operations. TransCanada announced it will be ready to for business in the coming weeks.
Over 7,879 wells extract hydrocarbon through fracking in Mexico, adding up to 36,159 fractures that generate environmental problems.
Mexico’s Unquenchable Thirst for Fuels
The Mexican natural gas industry is confident that there will continue to be thirst for US imports as demand continues to grow. The country’s lack of NG infrastructure continues to be the center of the fuel supply crisis.
It was a good week for BHP Billiton as it discovered petroleum in its Trion project. This was the first farm-out to be awarded, with PEMEX entitled to 40 percent of all royalties
Exxon Mobil has a plan to battle gasoline shortages. It has created a Demand Response Team to guarantee gas in all of its stations in Mexico, at all times.