Talos Energy has accepted Pemex’s majority ownership of its Zama discovery; Mexico’s Supreme Court tossed out a challenge of AMLO’s Hydrocarbons Law over how the signatures of the presenting Senators were handled; Wintershall Mexico taps a new general manager.
Crude exports out of Mexico have fallen to their lowest level in 20 years; Pemex lacks specialists and has too many workers; the NOC is missing an opportunity to divest its refining assets.
Private investments in E&P have reached nearly US$7.5B between 2015 and May 2021; Signs of improvement in the fiscal intake of hydrocarbon contributions as of March 2021; A business association warns changes to import/export rules unfairly benefit the NOC.
Natural gas shortages in Texas contributed to substantial cost increases for importing natural gas; Pemex will invest in a well in one of AMLO’s priority fields; Pemex’s chief says the Deer Park purchase will help avoid fuel shortages in Mexico.
The CNH will allow Sener to modify terms of 41 assignment titles; Pemex gets a green light for the Cahuayu-1EXP exploratory well; As electrical cars drive down fuel demand in the US, Mexico will remain an attractive market for US refiners; the CFE head considers self-sufficiency energy rules to be a robbery.
The CNH has approved a new onshore well for Pantera, Pemex’s top producing resource is in a steady decline with no alternatives in sight; the CRE significantly decreased its permits for private companies in the hydrocarbons and energy sector in 2020.