The NOC continues to show delays in the development plans of the so called priority fields.
The company, owned by Mexican businessman Alberto Baillères, said that its next oil production will be its best strategy to obtain financing.
The National Hydrocarbons Commission (CNH) approved modifications to the Xanab field’s Development Plan. Here are the details.
Pemex announced a new development plan for the Xanab field, making a considerable reduction on the exploration potential in the area.
President Andres Manuel Lopez Obrador (AMLO) promised to reverse the negative trend in oil production, but data from the National Hydrocarbons Commission’s (CNH) shows otherwise.
Talos Energy announced important advances in the process of evaluating the Zama field. The company gave positive results on this area.
Egypt’s Cheiron Holdings will invest in the Cádernas-Mora area, as a result of its farm-out with Pemex, the National Hydrocarbons Commission (CNH) said.
Hokchi Energy will start oil and gas production in Mexico during the second half of 2020.
Pemex announced a new reduction to its oil production goal for 2019.
Top global firms like Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Shell (LON:RDSB), argued that they have complied with committed investments, calling on authorities to resume oil rounds.
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