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Fieldwood 20 year investment plan; Pemex modifies Tlacama plan; Too much Bunker fuel not enough diesel– HCM for 2021 06 21

Fieldwood Energy has a US$ 7B investment plan for its operations in the Ichalkil and Pokoch fields; Pemex has modified its plan for the Tlacame field; the NOC holds record inventories of bunker fuel but can’t keep enough low sulfur diesel in the market

Friday, June 18th, 2021

Pemex, Borr Drilling adjust JV; CRE grants LNG permit to NFE Pacific Lap; Sarens see potential for Mexico — HCM for 2021 06 18

Borr Drilling announced a change in ownership structure for its joint ventures with Pemex; CRE grants LNG permits for NFE Pacifico Lap in Baja California; Sarens sees potential for wind energy projects despite meager outlook.

Thursday, June 17th, 2021

Diavaz signs over Ebano contract; Hokchi Evaluation Approval; Pemex refining down — HCM for 2021 06 17

Diavaz signs over its participation in the Ébano with Pemex for a Banorte loan; Hokchi Energy gets approval for an offshore evaluation program; Pemex posted the lowest refining output of 2021 in April.

Wednesday, June 16th, 2021

Pemex Ek-Balam Approval; Ixachi continued production; CFE bunker fuel use drops — HCM for 2021 06 16

Pemex is set to move forward with a significant investment in the Ek-Balam offshore field; the NOC will continue to produce at the Ixachi field; CFE has decreased its use of bunker fuel which brings implications for the NOC.

Tuesday, June 15th, 2021

AMLO to present CFE reform; Diavaz offshore US$ 55M investment; Pemex 3rd riskiest oil firm for environment — HCM for 2021 06 15

Even without the needed votes, AMLO will present a constitutional reform of the CFE to Congress; Diavaz gets approval on its US$ 55M offshore development plan; Pemex, a world leader in risky environmental policies.

Monday, June 14th, 2021

ExxonMobile here to stay; Pemex nixes Zama well; Cofece-CRe dispute — HCM for 2021 06 14

Despite the regulatory and political challenges, ExxonMobil is in Mexico to stay; Pemex will not drill Zama well; Supreme Court to hear Cofece-CRM dispute.

Sunday, June 13th, 2021