(S&P Global Platts, 10.Dec.2019) — Pemex’s largest hydrocarbon reserve discovery in 30 years is boosting the Mexican government’s confidence that the troubled state-run enterprise can reverse a more than decade-long decline in crude oil production. An analysis of initial production results and seismic data from the onshore Quesqui field led […]
Tag: Tabasco
Eni Starts Production Offshore Mexico At Area 1
(Eni, 2.Jul.2019) — Eni has started the early production phase from the MiztĂłn field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in the development of Area 1, estimated to hold 2.1 billion of oil equivalent in place (90% oil) in the Amoca, […]
Mexico Moving Forward With Dos Bocas Refinery Construction In Tabasco
(Energy Analytics Institute, Jared Yamin, 2.Jun.2019) — Mexico’s President AndrĂ©s Manuel LĂłpez Obrador reiterated his decision to build the new Dos Bocas Refinery and continue with the planned modernization of six existing refineries owned by state oil company PetrĂłleos Mexicanos, also known as Pemex. “The refinery will assist Mexico achieve […]
Mexico Oil Production to Reach 2.6 MMb/d by 2025: Lopez Obrador
(S&P Global Platts, Daniel Rodriguez, 11.Sep.2018) — Mexico’s President-elect Andres Manuel Lopez Obrador said Sunday he plans to focus on developing and exploring onshore and shallow water areas under the control of state oil company Pemex to boost the country’s oil production. “We have a projection, and our plan is […]
AMLO Pledges More Than $11 Bln for Refineries
(Reuters, 13.Aug.2018) – Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports. Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6 billion to […]
Mexico’s Next President Promises Pemex Investment
(Bloomberg, Amy Stillman, 30.Jul.2018) – Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 billion) in the oil sector, in a bid to revive the state-owned oil company. Andres Manuel Lopez Obrador tapped longtime political ally Octavio Romero Oropeza, […]