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Pemex, Borr Drilling adjust JV; CRE grants LNG permit to NFE Pacific Lap; Sarens see potential for Mexico — HCM for 2021 06 18

Borr Drilling announced a change in ownership structure for its joint ventures with Pemex; CRE grants LNG permits for NFE Pacifico Lap in Baja California; Sarens sees potential for wind energy projects despite meager outlook.

Thursday, June 17th, 2021

ExxonMobile here to stay; Pemex nixes Zama well; Cofece-CRe dispute — HCM for 2021 06 14

Despite the regulatory and political challenges, ExxonMobil is in Mexico to stay; Pemex will not drill Zama well; Supreme Court to hear Cofece-CRM dispute.

Sunday, June 13th, 2021

Investment discussion at AMLO/Harris summit; Senators file against Hydrocarbons Law; NOC hurricane prep — HCM for 2021 06 10

Foreign investment and economic recovery was a central theme discussed at the summit between AMLO and US VP Kamala Harris; PRI senators filed against the Hydrocarbons Law with the Supreme Court; Pemex says it is ready for the hurricane season.

Wednesday, June 9th, 2021

AMLO promises union contract review; ENI Exploratory well; Saline Cruz Sabotage — HCM for 2021 06 09

AMLO says once an election in the Pemex workers’ union occurs there will be a review of its collective contract; ENI will invest nearly US$ 30M into an offshore exploratory well; AMLO says the Salina Cruz refinery has been a target of sabotage.

Tuesday, June 8th, 2021

Deer Park is a risky bet; Private fuel investments at stake — HCM for 2021 05 31

Lots of reactions to AMLO’s announcement that Pemex will buy the Deer Park refinery, few are positive, and changes to the fuel industry regulation and structure puts MXN 20B of private investment at risk.

Friday, May 28th, 2021

Jaguar E&P approval, Pemex Octli investment, Natural gas opportunities — HCM for 2021 05 27

CNH approves Jaguar E&P’s Miguel Hidalgo field transition program, Pemex has plans to develop the Octli field and IEnova targets regasification for growth despite Mexico’s slow energy transition.

Thursday, May 27th, 2021

End the Huachicol, Poor Exploration Outlook, Pemex buys out Shell in Deer Park – HCM for 2021 05 26

AMLO continues on his crusade to return the fuel monopoly to Pemex claiming it is necessary due to corruption, the exploration strategy of Pemex is creating risks for public finances in the future and Pemex will now buy the 50% stake of Shell in the Houston based Deer Park refinery. 

Tuesday, May 25th, 2021

Pemex discovery, PAN complains, Cavernous storage – HCM for 2021 03 17

Pemex found something; PAN leader pans AMLO energy policy; and Storage caves

Tuesday, March 16th, 2021

Slim invests downstream, Goodbye Paris, and Refining declines – HCM for 2021 01 13

Carlos Slim ups family investment in downstream; Mexico holds steady on Paris commitments to save Pemex; Pemex encasing oil pipelines in Hidalgo to help avoid theft; and On track for worst refining year in three decades

Friday, January 29th, 2021

Mexico’s energy transition process: what to expect

Víctor Ramírez, spokesperson for the Mexico, Climate and Energy site, spoke about the challenges that the country has ahead to assure its energy self-sufficiency and sustainability.


Thursday, December 17th, 2020