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Friday, July 30th, 2021

In July the impact of AMLO’s reshaping of Mexican regulators and disdain for established legal precedents was in full display with Pemex receiving the Zama discovery, cancelled fuel import permits and now a state run LNG distributor.

Recent News

Fuel prices to rise following suspensions; Pemex lacks experience to operate Zama: Chemical industry criticizes new import rules — HCM for 2021 07 27

Stripping 82 fuel importers of their licenses will push fuel prices up across the country; Pemex might have received the Zama field but it does not have experience in similar operations; the chemical industry warns new import rules affect its function.

Monday, July 26th, 2021

Exploratory wells in 2Q21, AMLO wins legal round for electrical reform; Pirate attack on Campeche drilling platform — HCM for 2021 07 26

The CNH published details on exploratory wells in the second quarter of 2021; AMLO scored a win for his electrical reform; A drilling platform in the Campeche Sound was boarded by pirates.

Friday, July 23rd, 2021

Proteca drill time record; ICC-M: Changes in import rules amount to expropriation, Pemex gasoline sales — HCM for 2021 07 23

Mexican services firm Proteca set a new record for completing a Pemex offshore well; ICC-M: Changes restricting hydrocarbons imports amount to an expropriation of private infrastructure; Pemex gasoline sales in May 2021 continue to recover compared to 2020

Thursday, July 22nd, 2021

Senators call for Biden to protect US investments in Mexico; LNG terminal launch; Gas Bienestar already exists — HCM for 2021 07 22

A bipartisan group of US Senators called on Biden to protect US energy investments in Mexico; New Fortress Energy launches a new LNG terminal; Gas Bienestar already exists and has operated for two years,

Thursday, July 22nd, 2021

82 firms stripped of fuel import license; New OPEC production limits for Pemex; CNG delivery at ECA terminal — HCM for 2021 07 21

82 companies have been stripped of fuel import licenses without any explanation by authorities; Pemex’s production will be limited by OPEC mandated quotas; BP delivers the first shipment of CNG to the Energía Costa Azul (ECA) terminal.

Wednesday, July 21st, 2021

USMCA case timeline; Pemex supplier debt; Institute: Gas Bienestar not the answer to LNG price issues — HCM for 2021 07 20

In six months to a year hydrocarbons disputes could make it to tribunales associated with the USMCA; Pemex owes more than MXN 51B to suppliers; Gas Bienestar to create pressure on public finances and will not solve high prices

Monday, July 19th, 2021