CNH has approved PEMEX’s development plans for 10 fields, which total US$10.5 billion in investments. Last Wednesday, CNH approved PEMEX’s plans to develop the shallow water Octli field through an investment of US$330.5 million to take the field from drilling to decommissioning by 2039.
This is the tenth early production field development plan […]
by Pedro Alcala
Although exploratory activities in the 1970s strengthened Tabasco’s position as an oil-producing state, the end of the oil boom in the 1990s relegated the state to a neglected position in the federal development plan. Now, Tabasco seeks to regain its position and become Mexico’s energy capital mainly through one of President López Obrador’s flagship projects: […]Continue Reading →
Just one day after the publication of the eagerly awaited PEMEX Business Plan, Miguel Ángel Maciel Torres, Deputy Minister of Hydrocarbons at the Ministry of Energy, opened Mexico Oil & Gas Summit 2019 on Wednesday at the Mexico City Sheraton María Isabel Hotel.
In his presentation, titled The New Government’s Energy Vision, Maciel Torres highlighted […]Continue Reading →
PEMEX to begin developing the first of its 22 new fields on Monday, and AMLO says the NOC will receive more financial support by enforcing austerity measures elsewhere in 2020.
Check out our Interview of the Week with Jorge Lanza, CEO of CLH, where we discussed the company’s opportunities in Mexico and its storage […]Continue Reading →
Positive news for Mexico this past week as PEMEX reported the federal government’s anti-fuel-theft measures had produced positive results. But the AMLO government’s tactics that led to shortages in some areas of northern Mexico also played a part in lower gasoline sales, which hit a 13-year low in January. AMLO also delivered on a promise […]Continue Reading →
Mexico’s energy sector faced more challenges this week as President Andrés Manuel López Obrador continued to cast doubts over contracts signed during the previous administration. However, citizens will have been happy to hear about his intentions to keep electricity bills low.
Here is a rundown of the big news in the energy sector this week.
[…]Continue Reading →