August has been a succession of events that depict the declining state of Pemex from its operations to its finances, from accidents to supplier and lender debt; AMLO’s other energy target Gas Bienestar is now approved and starting its first deliveries.
Gas Bienestar has received a flash approval and starts deliveries; the CRE has started to implement its planned propane registry; Pemex’s maintenance budget is down significantly in 2021.
Pemex’s production grew for the second month in a row in July 2021; The NOC expects lost production from last week’s accident to be back online on Monday; Mexican authorities will file charges against a former Pemex boss
Norway’s Equinor will transfer the two blocks it won in the Round 1 and exit Mexico; Pemex gets approval to reduce the size of two assignments; The NOC is holding a tender offer for work on its gas compressors.
The fatal accident and explosion on an oil platform of Pemex will have a big impact on its production figures in the short term; Valero expands with a fuel terminal; Pemex gets approval for changes to its Uchukil exploration program
Hokchi Energy inaugurates a new processing plant in its namesake field and looks to grow production through 2023; Despite rumors it had been cancelled, IEnova confirms its plans to build a fuel storage terminal Colima is still on track; Pemex suffers a fatal accident in the Campeche sound.
Italy’s Eni gets approval for a boundary well; Talos Energy has prepared a development plan for the Zama field; Propane delivery workers are willing to negotiate to work directly with Gas Bienestar.
In order for Pemex to meet its annual goals it needs to nearly double average daily production from its 20 newest fields; the CNH approves two new wells in Tabasco and Tamaulipas; Pemex opens two tender offers for work associated with offshore areas.
Environmental critics put a lens on the financial institutions backing the NOC’s carbon intensive activities; AMLO’s need for Pemex to operate Zama is at the expense of Mexico; Even with agreements and payments Pemex still owes a significant sum to its suppliers.
The Mexican Association of Hydrocarbons Companies (Amexhi) highlights the role of private firms and rounds; Pemex has a significant amount of debt that is set to mature this year; Cofece will investigate alleged propane monopolies in Baja California.
2021, Hydrocarbons Mexico, All Rights Reserved.
