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Debt, accidents and lost production: AMLO’s Pemex: Gas Bienestar goes live — HCM Monthly for 2021 08 31

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.

Tuesday, August 31st, 2021
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Accident shutters 25% of Pemex production; Valero expands in Mexico; Pemex Uchukil exploration investment — HCM for 2021 08 25

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

Wednesday, August 25th, 2021
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Hokchi inaugurates new plant; IEnova terminal still moving forward; Pemex suffers another accident in Campeche– HCM for 2021 08 24

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.

Tuesday, August 24th, 2021
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Lukoil drills Block 12 well; Fuel import injunction; Pemex Covid cases — HCM for 2021 08 17

Russia’s Lukoil started drilling of an exploration well in Block 12; A court has granted an injunction to allow a private company to continue to import fuels; Pemex’s covid cases continue to grow.

Monday, August 16th, 2021
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Zama goes to Pemex; AMLO’s reshaping of the industry in full display — HCM Monthly for 2021 08 02

In July the impact of AMLO’s reshaping of Mexican regulators and disdain for established legal precedents was in full display with Pemex receiving the Zama discovery, cancelled fuel import permits and now a state run LNG distributor.

Friday, July 30th, 2021
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Illegal fuel taps grow on Pemex lines; Pemex gasoline production grows in May; Pemex, IMP working on joint project to reduce fuel emissions — HCM for 2021 06 30

The number of illegal interventions in Pemex’s fuel pipelines grew through April; Pemex gasoline production also grew in May; Pemex and the Mexican Petroleum Institute work on a joint project for transportation fuels.

Tuesday, June 29th, 2021
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AMLO promises union contract review; ENI Exploratory well; Saline Cruz Sabotage — HCM for 2021 06 09

AMLO says once an election in the Pemex workers’ union occurs there will be a review of its collective contract; ENI will invest nearly US$ 30M into an offshore exploratory well; AMLO says the Salina Cruz refinery has been a target of sabotage.

Tuesday, June 8th, 2021
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Sener complies, promises fight; NOC doing its best; IT security risks – HCM for 2021 05 13

Sener says it will comply with a judicial order to suspend parts of AMLO’s hydrocarbons law, but plans to fight it, an analysis suggests Pemex’s business plan is a major limiting factor and outdated IT is a risk for Pemex.

Wednesday, May 12th, 2021
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Unpaid bills, Three blocks, Pemex Wants You! – HCM for 2021 04 21

The NOC still not paying its bills; Pemex investing US$437M for three blocks; and Pemex looking for retired military personnel

Wednesday, April 21st, 2021
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AMLO’s fantasy, Nice Pemex, Inside job – HCM for 2021 03 15

Gas self-sufficiency is AMLO’s fantasy; Pemex is nice to do business with. Really. ; and An inside job.

Friday, March 12th, 2021
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