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
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.
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.
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.
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.
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.