Authorities spoke about environmental emergencies in Mexico, asking Pemex to take responsibility in the matter. The development of these and more stories in our periodic Eco summary.
A few months ago, Andres Manuel Lopez Obrador (AMLO), President of Mexico, asked private companies to show results in exploratory and production issues. Companies have responded to this request quickly. Ophir Energy announced a new discovery and the firm talked about its plans in the country.
Andres Manuel Lopez Obrador (AMLO) has argued that private companies are not investing in the oil sector and he decided to indefinitely freeze new rounds because of this situation. However, foreign companies have made large investments in the sector in recent years.
The operational and financial crisis of Pemex has affected the producing regions of Mexico in recent years. However, the National Hydrocarbons Commission (CNH) said that the sector’s activities are recovering bit by bit and the industry is going to drill many wells in Tamaulipas.
The National Hydrocarbons Commission (CNH) recently published total hydrocarbons reserves during 2018. As expected, these decreased, and there is no possible solution for the short or medium term.
Energy Reform was created with the goal of increasing production and reserves metrics in Mexico and private companies continue to give good news on these issues. Fieldwood Energy and Petrobal announced a new mega discovery.