Last week, PEMEX’s different subsidiaries tackled monopolistic practices accusations in natural gas, disputing CRE’s established LPG rates and outlining deepwater drilling plans, while to-be Minister of Energy Rocío Nahle declared Mexico would not see any new E&P licensing rounds until 2021. Meanwhile, natural gas in the US is facing a perfect storm of increased […]Continue Reading →
Between successful project conclusions, natural gas storage facilities in the pipeline and a counter-monopolistic investigation, Mexico’s natural gas market had contrasting news last week. Meanwhile, US Treasury Secretary Steven Mnuchin dented IOCs’ stock market value, while ExxonMobil is facing business difficulties and OPEP members agreed to increase crude oil production.
Ready to drill […]Continue Reading →
Shale resources have long been a potential alternative for the Mexican energy sector. The size of alleged potential reserves, the low price that governs the gas market and the environmental advantages that they have over other fossil fuels keep pressing Pemex to take a further look into the possibility of satisfying the nation’s demand struggles […]Continue Reading →