The President of the Energy Commission at the Chamber of Deputies halted approval of the PEMEX Law. In addition, the Superior Audit of the Federation determined that PEMEX Exploración y Producción and PEMEX Transformación subsidiaries could go bankrupt if they were autonomous and independent companies. According to the report, there was a decrease in investment in hydrocarbons, as well as in the extraction of crude oil during Peña Nieto’s sexennial.

 

Globally, strategic projects are expected to raise crude oil production. China’s oil discovery could trigger shale drilling in the country, reducing the need to import the commodity. OPEC’s mission to  balance crude oil prices could be threatened by developments in Brazil. Also, Halliburton allies with a digital champion to boost its operations in the Permian basin.

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