Accompanied by Tabasco’s Governor-elect, Adán Augusto López, incoming Minister of Energy, Rocío Nahle and incoming PEMEX Director General, Octavio Romero, President-elect López Obrador (AMLO) held a press conference in Tabasco’s Hilton hotel. This took place after a private meeting with different oil and gas players to address the challenges the industry will be facing […]Continue Reading →
Fluvio Ruiz Alarcón laid out the pillars of the next administration’s key legislative modifications to strengthen PEMEX on Aug. 19, shortly after he was nominated to be Director General of PEMEX Exploración y Producción. The former independent counsel for PEMEX said that to reinvigorate the NOC a number of measures were needed. The […]Continue Reading →
Abel Hibert, a close advisor of President-elect AMLO, denied a Wall Street Journal article that said López Obrador would suspend Mexico’s licensing rounds for two years. Meanwhile, Saudi Arabia cancelled Saudi Aramco’s IPO and French Total abandoned its business ventures in Iran due to the renewed US sanctions.
Ready to drill through […]Continue Reading →
One week after Pemex and the main players of the Mexican oil and gas industry exchanged knowledge, technologies and viewpoints on the challenges the NOC will be facing, the parastatal announced the discovery of gas and condensates at Ahawbil-1 well in the Catemaco folded belt. As if Pemex had planned all along to end the […]Continue Reading →
Once the 2013 edition of the Mexican Petroleum Congress (CMP) has been left behind, it is important that all its participants carry on with the spirit of innovation that it conveyed: “Talent to innovate: today’s commitment for tomorrow’s Mexico.” The industry’s recent developments have left the country with a huge trial up front: to continue […]Continue Reading →
Twenty-one years ago, a new Pemex Law was approved, which included the first step towards Pemex modernization: the law determined the creation of a corporate governance structure, and four subsidiaries – Pemex Exploration and Production, Pemex Refining, Pemex Gas and Basic Petrochemicals, and Pemex Petrochemicals. Last Wednesday, the new members of Pemex’s Board decided to […]Continue Reading →