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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

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

Lukoil drills Block 12 well; Fuel import injunction; Pemex Covid cases — HCM for 2021 08 17

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.

Monday, August 16th, 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

Pemex exploration well; 80% of LNG distributors respect price cap; String of Pemex fires — HCM for 2021 08 11

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

Tuesday, August 10th, 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