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.
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.
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.
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
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.
Russia’s Lukoil started drilling of an exploration well in Block 12; A court has granted an injunction to allow a private company to continue to import fuels; Pemex’s covid cases continue to grow.
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.
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
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.
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.
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