The Energy reform will allow full liberalization of the gas market in Mexico. Business groups of gasoline are formalizing agreements to create their own brands, according to El Sol de México. They also want to create sales schemes across the whole logistics chain of fuels.
The State-Company is seeking to refinance a US$250M. It could cost 1% higher than current interest rate, according to a report in El Financiero. An anonymous person, who is working in the operation, gave the information.
Pemex reported only fifteen rigs working during 3Q16. Compared to the same period last year, it means a 75% decrease, according to Pemex database. The State-Company used 5 rigs for exploration and 10 to development wells.
Pemex with Mexican Authorities have been working to create an attractive Joint Operation Agreement (JOA) to big Oil-Companies, with the aim of developing the Trion field. There are only two months to the bid.