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Debt, accidents and lost production: AMLO’s Pemex: Gas Bienestar goes live — HCM Monthly for 2021 08 31

August has been a succession of events that depict the declining state of Pemex from its operations to its finances, from accidents to supplier and lender debt; AMLO’s other energy target Gas Bienestar is now approved and starting its first deliveries.

Tuesday, August 31st, 2021

Gas Bienestar goes live; CRE propane registry; Pemex maintenance budget down– HCM for 2021 08 30

Gas Bienestar has received a flash approval and starts deliveries; the CRE has started to implement its planned propane registry; Pemex’s maintenance budget is down significantly in 2021.

Sunday, August 29th, 2021

Pemex July production up; Pemex lost production back on Monday; Ex-Pemex chief faces charges — HCM for 2021 08 27

Pemex’s production grew for the second month in a row in July 2021; The NOC expects lost production from last week’s accident to be back online on Monday; Mexican authorities will file charges against a former Pemex boss

Thursday, August 26th, 2021

Equinor to exit Mexico; Pemex assignments reduced in size; Pemex gas compression contract — HCM for 2021 08 26

Norway’s Equinor will transfer the two blocks it won in the Round 1 and exit Mexico; Pemex gets approval to reduce the size of two assignments; The NOC is holding a tender offer for work on its gas compressors.

Wednesday, August 25th, 2021

Accident shutters 25% of Pemex production; Valero expands in Mexico; Pemex Uchukil exploration investment — HCM for 2021 08 25

The fatal accident and explosion on an oil platform of Pemex will have a big impact on its production figures in the short term; Valero expands with a fuel terminal; Pemex gets approval for changes to its Uchukil exploration program

Wednesday, August 25th, 2021

Hokchi inaugurates new plant; IEnova terminal still moving forward; Pemex suffers another accident in Campeche– HCM for 2021 08 24

Hokchi Energy inaugurates a new processing plant in its namesake field and looks to grow production through 2023; Despite rumors it had been cancelled, IEnova confirms its plans to build a fuel storage terminal Colima is still on track; Pemex suffers a fatal accident in the Campeche sound.

Tuesday, August 24th, 2021

Jaguar exploratory well; Pemex supplier halts operations over debt; Natural gas growth requires storage — HCM for 2021 08 23

Jaguar E&P has received approval from the CNH to drill an onshore exploratory well; One of Pemex main offshore drilling services firms has halted operations over the NOC’s unpaid bills; To sustain projected natural gas growth more storage is needed.

Monday, August 23rd, 2021

Eni boundary well approval; Talos Energy development plan for Zama; Propane delivery union ready to negotiate — HCM for 2021 08 20

Italy’s Eni gets approval for a boundary well; Talos Energy has prepared a development plan for the Zama field; Propane delivery workers are willing to negotiate to work directly with Gas Bienestar.

Thursday, August 19th, 2021

Propane profits cut; Pemex gets a handout; AMLO natural gas policy failures — HCM for 2021 08 19

Propane margins are down significantly after instituting price caps; Pemex gets a multi-billion dollar infusion for its loss-laden refining business; AMLO policies do nothing to address historical natural gas flaws.

Wednesday, August 18th, 2021

New field production to meet goals; New well approvals; Pemex tender offers– HCM for 2021 08 16

In order for Pemex to meet its annual goals it needs to nearly double average daily production from its 20 newest fields; the CNH approves two new wells in Tabasco and Tamaulipas; Pemex opens two tender offers for work associated with offshore areas.

Friday, August 13th, 2021