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Mexico will no longer depend on oil in five years

José Antonio Meade, Secretary of Finance, and Public Credit, said public finances will not depend on oil sector in about five year, according to a report in Radio Formula.

Wednesday, September 28th, 2016
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Natural Gas penetration is very low

Gas Natural Fenosa, the company that has been 20 years in the country and has just achieved a penetration rate of 7% among Mexican consumers, the rest are using Liquefied Petroleum Gas (LPG), according to a report in La Jornada.

Wednesday, September 28th, 2016
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Vessel fires in Boca Del Río

A vessel fire caused an explosion in the coast of Veracruz, not injured or killed were reported, according to a Pemex´s press release. The incident occurred on the ship “boroughs” in the anchorage area of six nautical miles from the coast.

Tuesday, September 27th, 2016
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González Anaya is cautious with new discoveries

José Antonio González Anaya, Director of Pemex, recognizes that the new fields’ discovery in the Gulf of Mexico do not solve the difficult financial situation of the company, but he mentioned that it is a beginning to rebuild the firm, according to El Universal.

Tuesday, September 27th, 2016
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Investments will not be as large as it was expected

Mexican authorities said that thanks to the Energy Reform large investments reach to the country but apparently it will not be as expected. Secretariat of Energy declares that investments will be a 64.23% lower than projected.

Monday, September 26th, 2016
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Begins mega oil platform construction

The US Company McDermott International began building the Abkatun-2 oil platform. It will be responsible for replacing the Abkatun A-Permanentem rig, which suffered an explosion last year.

Monday, September 26th, 2016
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