Ciudad del Carmen is an important place for the Mexican oil industry. The industry will develop several projects and the city is optimistic about the results. Shell (LON: RDSB) and Total E&P (NYSE: TOT) are preparing to start working there.
Authorities showed their concern because as a result of lack of safety measures, accidents in oil plants have increased.
Mexico’s oil industry is facing a challenging moment at present. The Federal Government created many structural reforms to boost the sector, but the country needs positive exploration news to reduce concern about sustainability.
Members of the National Hydrocarbons Commission (CNH) spoke about Pemex’s method to calculate oil reserves during 2016; the conclusions are negative for the NOC.
The National Hydrocarbons Commission (CNH) issued an invoice to Argentina’s Hokchi consortium for the value of US$183,084, corresponding to a test production of 4.2mbbl of medium oil in a block the companies won in Round 1.2.