President Andres Manuel Lopez Obrador (AMLO) held a private auction of oil services to help improve the operational metrics of Pemex. Marinsa won one of these contracts and the firm will start working quickly.
Oro Negro, a Mexican oil service company, filed for bankruptcy recently because it could not reach an agreement with its creditors after two years of negotiations, reflecting the reality of the national oil sector.
The companies that won blocks in the past oil rounds continue to show their optimism about the results of their projects in the short and medium term in Mexico. Petrobal talked about its plans and gave an estimated date to start producing oil in the country.
After announcing a ‘restricted model’ invitation for the development of the new refinery in Dos Bocas (Tabasco), authorities said the facility will not be built by international firms.