More PEMEX news this week as its former chief executive, Emilio Lozoya, was banned from holding public office for 10 years. President Andrés Manuel López Obrador’s National Gas and Petroleum Plan was announced and we found out that PEMEX’s business plan will be available in June.


Check out our Interview of the Week with Philip Souyris, Senior Vice President for Mexico and Caribbean Region of Seadrill, where we discuss the company’s trailblazing efforts in Mexican deepwater drilling.  See it here!


Get the full run-down of all this weeks’ oil and gas action here!


Former PEMEX Head Banned from Holding Public Office

The former chief executive of PEMEX, Emilio Lozoya, was found guilty of submitting false declarations of assets and has been banned from holding public office for 10 years.

Mexico’s SFP said that Lozoya had twice omitted a bank account, holding tens of thousands of US dollars, from his asset declarations.

For the full details, take a look.

AMLO Unveils National Gas and Petroleum Plan

Mexican President  López Obrador announced the National Gas and Petroleum Plan this week, guaranteeing PEMEX a lower tax burden up to 2021.

Dive into the details here.

 Ixachi to Produce 8Mb/d by 2022

PEMEX Director Romero Oropeza has stated that the Ixachi oil field in the state of Veracruz will produce 8Mb/d by 2022. The production on this field will represent 5 percent of the NOC’s entire production that year.

Find out more, here.

 PEMEX to Announce Business Plan in June

PEMEX’s much-anticipated business plan will be released in June, said PEMEX Director Romero Oropeza.

The business plan will lay out how PEMEX intends to tackle its financial difficulties and will, say experts, have an impact on Mexico’s credit rating.

Take a closer look, here.

 BHP Gets the Nod from CNH

BHP Billington has been given the go-ahead by Mexico’s National Hydrocarbons Commission (CNH) to drill a deepwater evaluation well, estimated to cost US$80 million, at the Trion oil field in the Gulf of Mexico.

Find out more by clicking here.


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