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.
Jaguar E&P has received approval from the CNH to drill an onshore exploratory well; One of Pemex main offshore drilling services firms has halted operations over the NOC’s unpaid bills; To sustain projected natural gas growth more storage is needed.
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.
Propane margins are down significantly after instituting price caps; Pemex gets a multi-billion dollar infusion for its loss-laden refining business; AMLO policies do nothing to address historical natural gas flaws.
Pemex has released a far greater amount of gas from its operations into the atmosphere in 2021 than last year; the CRE has issued a hydrocarbons permit for the first time since May; Pemex has lost 40% of its branded service stations since the end of 2016.
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