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.
Diavaz signs over its participation in the Ébano with Pemex for a Banorte loan; Hokchi Energy gets approval for an offshore evaluation program; Pemex posted the lowest refining output of 2021 in April.
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.
Even without the needed votes, AMLO will present a constitutional reform of the CFE to Congress; Diavaz gets approval on its US$ 55M offshore development plan; Pemex, a world leader in risky environmental policies.
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.
Russian oil producer Lukoil is set to drill its first exploration well in Mexico; Pemex gets approval to adjust plans for Uchukil and Samaria; Analysts see the upside in Deer Park compared to Dos Bocas.
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.
AMLO’s political pals want the CRE to have a more direct role in regulating propane prices; An opportunity for petrochemicals is being passed over for refining says one columnist; the general public agrees with Pemex’s Deer Park purchase although the experts say otherwise
Under AMLO, Pemex investments are actually lower than in the past; Questions surface around the legal requirements for fuel from Deer Park; while international trends push towards cleaner fuels Pemex stays stuck in its ways
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
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