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Zama goes to Pemex; AMLO’s reshaping of the industry in full display — HCM Monthly for 2021 08 02

In July the impact of AMLO’s reshaping of Mexican regulators and disdain for established legal precedents was in full display with Pemex receiving the Zama discovery, cancelled fuel import permits and now a state run LNG distributor.

Friday, July 30th, 2021

Pemex 2Q21 profit; June Production; BHP Billiton Trion uncertainty — HCM for 2021 07 30

Pemex’s financial results for the 2Q21 were bolstered by global demand for crude and improved oil prices; Production in June grew slightly although Pemex lost ground while private production increased; BHP Billiton remains tight lipped about its Trion project with Pemex but says will not abandon this year.

Thursday, July 29th, 2021

Investor confidence a state concern; Fuel shortages looming; Zama decision only benefits AMLO — HCM for 2021 07 29

A state agency published a report warning that investor confidence is low in Mexico due to AMLO’s policies; A fuel shortage seems certain in some parts of Mexico: Only AMLO benefits from awarding the Zama field operations to Pemex.

Wednesday, July 28th, 2021

Oil fund contributions in June 2021; Pemex a challenge for New Finance Secretary; Pemex anti-corruption guidelines — HCM for 2021 07 28

Contributions to the Mexican Oil Fund have shown steady growth through June 2021, Mexico’s new Finance Secretary has to figure out what to do about Pemex; The NOC publishes anti-corruption guidelines

Tuesday, July 27th, 2021

Fuel prices to rise following suspensions; Pemex lacks experience to operate Zama: Chemical industry criticizes new import rules — HCM for 2021 07 27

Stripping 82 fuel importers of their licenses will push fuel prices up across the country; Pemex might have received the Zama field but it does not have experience in similar operations; the chemical industry warns new import rules affect its function.

Monday, July 26th, 2021

Exploratory wells in 2Q21, AMLO wins legal round for electrical reform; Pirate attack on Campeche drilling platform — HCM for 2021 07 26

The CNH published details on exploratory wells in the second quarter of 2021; AMLO scored a win for his electrical reform; A drilling platform in the Campeche Sound was boarded by pirates.

Friday, July 23rd, 2021