The National Hydrocarbons Commission (CNH) has made several auctions with great success and one of the most attractive was Round 1.4. The CNH approved several exploration programs for the winning companies of this auction, committing large investments for the coming years.
Top global firms like ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and Repsol (MSE:REP) reported positive advancements in their projects in Mexico. The development of these and more stories in our periodic Retail summary.
Pemex reported its preliminary production figures for April this year and the results are making it harder for the NOC to achieve its goals for this year. Production is still far from the 2,000mbd exit target.
Energy Reform generated high expectations to boost the energy sector in the country. However, some analysts and experts in the sector have shown their concern about some flaws in the jet fuel market.
All eyes are on Mexico’s upcoming elections, and even though investors are worried about a potential AMLO presidency, Fitch Ratings does not see the leftist politician as that big of a threat.
Pemex announced successful social investment projects in its areas of influence, but local authorities believe that the NOC can do more for communities in Campeche and Madero. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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