Pemex is set to move forward with a significant investment in the Ek-Balam offshore field; the NOC will continue to produce at the Ixachi field; CFE has decreased its use of bunker fuel which brings implications for the NOC.
The production of private oil companies reached the highest level since it has been measured; Wintershall Dea increases investment in Ogarrio, Fitch Ratings warns private investors have lost trust in Mexico
Production of crude and equivalent stayed nearly even in April 2021, Mexican judges also strike down AMLO re-monopolization of Pemex fuel distribution; A noted drop in fuel robbery reported by the NOC.
AMLO signed the Hydrocarbons Law into effect in May, only to have it halted by the judicial system. The Mexican President promises a Supreme Court showdown, and his bet on buying out Shell at the Deer Park Refinery in Texas has many questioning the financial implications.
AMLO’s energy policy has caused investment to fall 75%; Glass half-empty; and Dos Bocas will not come in on time and needs more money
Mexico crude production increased for third month in a row; Fracking could pay for AMLO’s social agenda; and Pemex developing Teca
How about that! Private investment is good for Mexico; Moody’s says “Pemex no longer compensates the government for the support received”; and Pemex and CFE’s “immoral” pensions
Pemex wants to increase Xanada production, controlling water; It’s all just politics; and Pemex has been losing share ever since the start of competition!!!!
Ok. We know. Non-Pemex production is still small; Gas consumption down in February but up in value; and Hokchi ups the ante
Pemex’s birthday present: Dzimpona-1, A gigantic field; Tabasco’s birthday present: More investment; and Always check the card for cash
2021, Hydrocarbons Mexico, All Rights Reserved.
