Andres Manuel Lopez Obrador (AMLO), President of Mexico, asked oil companies for results quickly to contemplate the possibility of reviving oil auctions. The firms have responded positively and PetroBal announced its production goal for next year.
President Lopez Obrador has shown his rejection of private investment in the energy sector. However, he spoke about the achievements of Italy’s ENI in Mexico.
Top global firms have started to show interest in the development of renewable energies, while Pemex keeps focused on boosting oil production.
The Carmen Business Coordinating Council (CCEC) spoke about the benefits that Pemex’s Service Contracts will bring.
Pemex announced the development of 22 oil fields over the coming years as the main strategy to reverse the downward tendency in its oil production. The NOC has high expectations in these areas for the short term.
The steel company Tenaris announced its operational and financial results for the second quarter of 2019. The company reported increased revenues thanks to Pemex’s new strategy of offering service contracts and to Energy Reform.
Energy Secretary (Sener), Rocío Nahle, confirmed that the contracts for the construction of the Dos Bocas refinery were officially awarded.
The Exploration and Production Integral Services Contracts (CSIEE) modality, announced as part of Pemex’s Business Plan, will not be an issue for Mexico’s Marinsa, Strategy Director, Sergio Suárez, said.
Energy Reform allowed the entry of new players to the Mexican oil sector and companies have been announcing their plans. PC Carigali spoke about its investment plans in the Mexican part of the Gulf of Mexico.
The Center for Economic Studies of the Private Sector (CEESP) described the recent governmental Agreement to boost the energy sector as a “good sign”, but called for clear rules in the sector.
2019, Hydrocarbons Mexico, All Rights Reserved.
