The Mexican government announced more winners of drilling contracts last week as it pushes forward with its aim to increase production on PEMEX oil fields.
The government is currently in the process of awarding contracts to companies to develop 20 recently discovered oil fields, including 16 offshore sites, which will require the drilling of some […]Continue Reading →
This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.
In Latin America, […]Continue Reading →
Mexican President Andres Manuel Lopez Obrador last week announced that measures will be taken to restore the economic solvency of the country’s heavily indebted national oil company, PEMEX, while the CNH had its budget reduced.
The president unveiled his intention to reduce the tax burden on PEMEX so that further investment can be delivered […]Continue Reading →
This week, the Mexican Petroleum Fund for Stabilization and Development (FMPED) announced it had exceeded its income expectations by MX$84.9 billion, taking in MX$541.7 billion in 2018. This is the second consecutive year that this has occurred. 2018 revenues were 16.6 percent higher in real terms than those in 2017, and represented 2.4 percent of […]Continue Reading →