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.
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
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.
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.
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.
Pemex has released a far greater amount of gas from its operations into the atmosphere in 2021 than last year; the CRE has issued a hydrocarbons permit for the first time since May; Pemex has lost 40% of its branded service stations since the end of 2016.
The Mexican Association of Hydrocarbons Companies (Amexhi) highlights the role of private firms and rounds; Pemex has a significant amount of debt that is set to mature this year; Cofece will investigate alleged propane monopolies in Baja California.
Pemex received approval to start drilling its Sikte-1EXP well; Mexican authorities say 80% of LNG distributors respected AMLO’s recently installed price cap on the fuel; Pemex has suffered three fires in just one week
A press report alleges Pemex counts its production at a higher temperature which helps inflate the overall number; BHP approves an investment related to the Trion project; Sener publishes a list of companies with standing fuel permits after its recent purge.
Pemex’s failing record on sustainability and the environment make it less attractive to today’s investor; The NOC’s heavily oil production dropped in 2Q21; LNG distributors strike highlights a fractured and informal market.