The National Hydrocarbons Commission (CNH) approved the Development Plan presented by Pemex Exploracion y Production (PEP) for the Uchbal field.
The National Hydrocarbons Commission (CNH) approved Pemex’s plan to explore an onshore field and develop unconventional resources. Here is what the government had to say.
The government of Andres Manuel Lopez Obrador (AMLO) established a challenging oil production target for the coming years. Experts from the sector talked about this objective and the possibilities that Pemex would achieve it.
The head of the Energy Secretariat (Sener), Rocío Nahle, said that the entity could grant an extension for Pemex assignments that expire in August, if the NOC requests it.
The National Center for Energy Control (Cenace) declared an ‘electrical emergency’ in the Yucatan Peninsula. Here is why.
Andrés Manuel López Obrador (AMLO) promised to help solve the serious financial and operational situation of Pemex in a short time and it seems like the NOC is responding in terms of investment.
The government of Andrés Manuel López Obrador (AMLO) had indefinitely postponed Pemex’s farm-outs, and authorities just ruled on the issue. This is what the private sector had to say.
Mexico’s Central Bank (Banxico) urged the NOC to present a solid Business Plan that boosts investment and an efficient expenditure of the firm’s finances.
President Andres Manuel Lopez Obrador (AMLO) said that his government was able to stabilize Pemex, yet said fuel that prices will only drop once the NOC is in a ‘good place’.
Mexico usually buys US$1B worth of financial positions to protect its oil revenues from price fluctuation. The operation has been slowing down this year.
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