Murphy Oil will begin exploration activities later this year in the Gulf of Mexico, in an area that won in Round 1.4. The firm says it expects to have the first results by the end of the 1Q19.
Companies like Rivera Gas, Kansas City Southern de México (KCSM) and TransCanada spoke about their new projects in Mexico. The development of these and more stories in our periodic Infrastructure summary.
Pemex reported its Reserves Replacement Ratio (RRR) for 2017 in a report sent to the U.S securities and Exchange Commission (SEC). The NOC reported a recovery in RRR compared to previous year, but it is still below the industry standard of aiming to replace 100% of annual production with new discoveries.
Mexico is facing several problems in the energy market and some regions of the country are reporting shortages due to this situation. Pemex problems and lack of infrastructure are the main causes of these problems. S&P Global Platts Analytics spoke about this situation.
Texas-based Lewis Energy announced that together with Pemex, will start an exploration project for the development of the ‘Olmos’ shale gas field in the municipality of Hidalgo, northern Coahuila.
Some companies announced that they will file a complaint against Pemex for providing its analysis services for free, only to the NOC’s franchises. The development of these and more stories in our periodic Retail summary.
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