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 →
On Wednesday, the Superior Audit of the Federation (ASF), an independent institution recommended the government review the proposals and strategies of the Energy Reform to meet the expectations raise d in 2013. The recommendation was given in the third installment of the ASF’s Public Account Report 2017. This document specifies that during the period 2013-2017 […]Continue Reading →
There is no denying that shallow waters are Mexico’s forte. At the height of its production boom, the Cantarell complex was producing 2.1 million b/d, ranking it the second-fastest producing field in the world. The knowledge and experience of the service providers that worked with PEMEX in shallow waters will be invaluable to the new […]
by Sara Warden
PEMEX named Armando Palacios Director General of PEMEX Logística and David Ruelas as CFO.
A PEMEX duct exploded in the state of Mexico due to illegal fuel tapping.
The prospective energy minister of presidential frontrunner Andrés López, Rocio Nahle, said that in a López Obrador presidency the country would focus […]Continue Reading →
Mexico became the 30th member of the IEA, thereby becoming the organization’s first Latin American member.
BHP Billiton will start drilling an appraisal well and an exploratory well later this year as part of a plan approved by the CNH Feb. 15
PEMEX reported no damages after the 7.2 […]Continue Reading →