Pemex got attention for all the wrong reasons as a fire on its gas pipeline in the Campeche Sound garnered attention and questions about the NOC and its operation from around the world, Three years into AMLO’s term and energy policy looks halted; A US congressman called on US authorities to deny Pemex’s planned takeover of the Deer Park Refinery.
A tally of projects presented to the CRE shows a regulator approving everything from Pemex and denying permits to private companies; Pemex Covid-19 cases and deaths; A state audit finds Pemex failed to apply fines on the contractor of an offshore pipeline project.
Pemex’s strategy to increase production at a list of priority fields is not delivering the needed results; Pemex’s crude sales soar in May on better oil prices; Deer Park, Dos Bocas could continue to tank Pemex financial position says Moody’s
We have moved into the second half of 2021, and looking back on June, the debate over Pemex’s fuel policies and ambitions and the impact of AMLO’s ideology on the NOC’s business stood out.
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.
Talos Energy has accepted Pemex’s majority ownership of its Zama discovery; Mexico’s Supreme Court tossed out a challenge of AMLO’s Hydrocarbons Law over how the signatures of the presenting Senators were handled; Wintershall Mexico taps a new general manager.
Crude exports out of Mexico have fallen to their lowest level in 20 years; Pemex lacks specialists and has too many workers; the NOC is missing an opportunity to divest its refining assets.
Private investments in E&P have reached nearly US$7.5B between 2015 and May 2021; Signs of improvement in the fiscal intake of hydrocarbon contributions as of March 2021; A business association warns changes to import/export rules unfairly benefit the NOC.
Natural gas shortages in Texas contributed to substantial cost increases for importing natural gas; Pemex will invest in a well in one of AMLO’s priority fields; Pemex’s chief says the Deer Park purchase will help avoid fuel shortages in Mexico.
The CNH will allow Sener to modify terms of 41 assignment titles; Pemex gets a green light for the Cahuayu-1EXP exploratory well; As electrical cars drive down fuel demand in the US, Mexico will remain an attractive market for US refiners; the CFE head considers self-sufficiency energy rules to be a robbery.