The operational and financial crisis of Pemex has affected the producing regions of Mexico in recent years. However, the National Hydrocarbons Commission (CNH) said that the sector’s activities are recovering bit by bit and the industry is going to drill many wells in Tamaulipas.
Andrés Manuel López Obrador (AMLO) has promised to reactivate and boost the oil sector to recover the lost ground in recent years. Michal Lynch, Researcher at the Massachusetts Institute of Technology (MIT), analyzed the country oil potential and its future.
Carlos Morales Gil worked at Pemex for more than 40 years, but he submitted his resignation a few years ago to move to the private sector to PetroBal. The firm won an important block in the past oil rounds, generating a debate in the country.
The National Hydrocarbons Commission (CNH) recently published total hydrocarbons reserves during 2018. As expected, these decreased, and there is no possible solution for the short or medium term.
AMLO and the Energy Federal Commission (CFE) made accusations against top global firms like Carso, IEnova and Transcanada for alleged ‘irregularities’ in their contracts. Here are the details.