MEXICO CITY, September 11, 2023 – Perenco has completed an onshore drilling campaign to up oil production at the Santuario and El Golpe permit in Tabasco, Mexico, the UK-headquartered E&P company announced on Friday.
Expanding oil and gas operations drove state economists to forecast New Mexico’s General Fund would grow by about a billion dollars annually for the next two years, according to the latest economic outlook by the Legislative Finance Committee.
Mexico still has a strong potential for oil and gas despite faltering due to nationalisation policies and a poor health and safety record in recent years. Despite a poor track record from Mexico’s state-owned oil company Pemex and the introduction of policies that have pushed away foreign investors, recent developments show that Mexico’s oil and gas industry may have a long way to go before the green transition curbs demand.
MEXICO CITY, April 26, 2023 – Wintershall Dea has made a major oil discovery at the shallow-water Kan prospect on Block 30 in Mexico, the German oil and gas operator announced on Tuesday.
In the next few weeks, the U.S. government plans to send Mexico an ultimatum, with the intention of breaking the deadlock in talks around Mexican President López Obrador’s (AMLO) energy policy. The dispute centers on the 2021 proposed amendments to Mexico’s Electricity Industry Law, which give priority to their own Federal Electricity Commission (CFE) over […]