PEMEX continues to win approvals for its priority development plans this week, as Dos Bocas news continues to flow and Premier Oil looks to sell off its share in the Zama oil field. All this and more, in this week’s roundup!
CNH Approves More PEMEX Fields
PEMEX received the green light for its Teekit […]Continue Reading →
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 […]Continue Reading →
Pajaritos Petrochemical Complex (Photo credit: liberal.com.mx)
Admitting that excessive public financing of certain sectors in the energy industry, such as petrochemicals, would generate unnecessary debt, AMLO finalized an agreement last Wednesday for private investment with industry leaders in the Business Coordinating Council (CCE).
The agreement stipulates that the majority of petrochemical investment will be privatized […]Continue Reading →
It has been six years since the implementation of the Energy Reform and for Sergio Pimentel, Commissioner at CNH, it is time to stop talking about it. “A reform implies something new, which is not the case for this legal framework anymore,” he said during the closing speech of Mexico Oil & Gas Summit 2019 […]Continue Reading →
As offshore development continues to occupy more of the spotlight with Tuesday’s publication of PEMEX’s business plan that shows the NOC focused almost exclusively on shallow waters, it becomes increasingly necessary to highlight the successes and potential of Mexico’s onshore fields, particularly those developed though previous bidding rounds, as highlighted by panelists on Thursday in […]Continue Reading →
As new offshore operators continue to settle into their awarded blocks and develop them into a stable production phase as quickly as possible, new models of collaboration between the public and private sectors must arise in view of the new administration’s focus on PEMEX, panelists at the Mexico Oil & Gas Summit said on Wednesday […]Continue Reading →