Energy Reform gave Pemex the opportunity to make alliances and improve its E&P activities. The contracts are starting to give good news for the company. Chevron spoke on the matter.
The National Hydrocarbons Commission (CNH) spoke about the new bidding process to find partners for Pemex’s farm-outs.
Shell announced its deep-water drilling plans in the Mexican part of the Gulf of Mexico. Martin Stauble, Vice President of Exploration for North America, spoke on this topic and the investment budget of the firm in Mexico.
Pemex’s Business Plan was an enigma for investors, until the NOC’s director of Resources, Reserves and Associations, Ulises Hernández, came out to talk about it. Here are the details.
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.
Mexico continues to invest in key issues such as research and development to take advantage of its oil potential. The Autonomous University of Tamaulipas (AUT) announced a facility specializing in oil issues.
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.
BHP Billiton, in alliance with Pemex, is carrying out activities to develop the well-known Trion block. The company announced new investments in this important area located in the Gulf of Mexico.
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.
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