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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

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

Critics eye Pemex and its finances; In Zama decision Mexico loses; Pemex supplier debt — HCM for 2021 08 13

Environmental critics put a lens on the financial institutions backing the NOC’s carbon intensive activities; AMLO’s need for Pemex to operate Zama is at the expense of Mexico; Even with agreements and payments Pemex still owes a significant sum to its suppliers.

Friday, August 13th, 2021

Pemex sustainability record a liability; Pemex heavy oil production drops; LNG strike shows market flaws– HCM for 2021 08 09

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.

Friday, August 6th, 2021

CNH 2022 budget cuts; Coparmex warns against LNG price cap; Dos Bocas refinery advances — HCM for 2021 08 06

The CNH announced cuts for its 2022 budget; Coparmex warns LNG price caps will affect investment; Sener shows advances at Dos Bocas refinery.

Thursday, August 5th, 2021

Eni discovery; Diavaz development plan; Pemex Dos Boca promises — HCM for 2021 08 03

Italy’s Eni has announced on offshore discovery; Diavaz gets approval for a development plan in the Ébano field; Pemex’s planned location for its Dos Bocas refinery would violate a commitment from the NOC to project the environment.

Monday, August 2nd, 2021

Zama goes to Pemex; AMLO’s reshaping of the industry in full display — HCM Monthly for 2021 08 02

In July the impact of AMLO’s reshaping of Mexican regulators and disdain for established legal precedents was in full display with Pemex receiving the Zama discovery, cancelled fuel import permits and now a state run LNG distributor.

Friday, July 30th, 2021

Senators call for Biden to protect US investments in Mexico; LNG terminal launch; Gas Bienestar already exists — HCM for 2021 07 22

A bipartisan group of US Senators called on Biden to protect US energy investments in Mexico; New Fortress Energy launches a new LNG terminal; Gas Bienestar already exists and has operated for two years,

Thursday, July 22nd, 2021

Private firms lose hydrocarbons import/export options under new rules; Zama assignment does not violate USMC says USA; Pemex faces investigation into fire– HCM for 2021 07 13

A number of industry associations warn that new rules vastly limiting options for importing and exporting hydrocarbons will affect the greater energy sector; A US commercial representative says the awarding of the Zama field to Pemex does not violate the USMCA treaty; Pemex has 180 days to file a report and faces an investigation into its offshore fire.

Tuesday, July 13th, 2021

State distributed LPG and price caps; Pemex Tlense-1EXP well; AMLO promises analysis of eco damage from fire – HCM for 2021 07 08

AMLO’s newest idea to curb increasing gas prices is a state run LPG distributor; Pemex gets approval for the Tlense-1EXP well; AMLO assures an analysis and repair of any eco damage from Pemex’s “eye of flame”.

Wednesday, July 7th, 2021