Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P
The National Hydrocarbons Commission (CNH) announced the signature of the last of the Round One contracts . These agreements are the product of the fourth tender and are the most profitable signed so far.
Texas-based MMEX Resources Corp aims to gather US$450M to build a refinery in Pecos County in Texas, to export diesel and gasoline to western Mexico.
Mexican officials have suspended some Pemex officials for potential corruption. The company reported on this issue.
Pemex has many problems in its refineries. Several of them have operational problems. The Madero refinery is one of the most affected in the country.
The National Hydrocarbons Commission (CNH) said that the NOC reduced its natural gas investment by 15% .
The lack of infrastructure is one of Mexico’s greatest weaknesses. Pemex is aware of this and wants to start developing projects to improve infrastructure in the country.
Pemex signed its first farm-out contract with Australia’s BHP Billiton to develop the Trion field.
Federal deputy Eukid Castañón, said prison sentences and sanctions for those involved in oil theft networks are not enough to fight the crime.
The NOC published the results for 2016. The company reported a substantial improvement in operating profit and reduced its net loss.
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