Sheinbaum and Lula Strengthen Cooperation Between Pemex and Petrobras
In a video call, the two presidents advanced a June memorandum pairing the state oil firms on Gulf of Mexico exploration, refining, and fuel marketing.
In a video call, the two presidents advanced a June memorandum pairing the state oil firms on Gulf of Mexico exploration, refining, and fuel marketing.
Three raids in Nuevo León, Tamaulipas, and Sinaloa left 14 detained and seized trucks, pumps, and firearms in a crackdown on fuel stolen from Pemex.
The decree strips officials of discretion over classifying records, cuts the 173 reserve categories to two, and makes Pemex and CFE contracts public monthly.
Pemex, Mexico’s state-owned oil company, cut its debt while hydrocarbon output rose 4.6% and sales revenue jumped 30.3% year on year.
President Sheinbaum’s daily press conference, with comments on the economy, the World Cup, flood prevention in the Valley of Mexico, Pemex and energy sovereignty, Genaro García Luna, and international solidarity with Venezuela.
UNAM’s Fabio Barbosa says the commission still hasn’t found viable low-water fracking tech; Carlos Slim calls the business ‘irrational.’
The non-binding, two-year pact grew out of a March proposal by Lula to Sheinbaum; Petrobras eyes Gulf of Mexico deepwater, mature fields, refining, and fertilizers.
The son of President Lázaro Cárdenas, who nationalized Mexican oil production in 1938, made the comments as part of the Petroleum Advisory Commission.
The Secretary of the Navy stated that the beaches are in a continuous process of cleaning, with daily work allowing them to be kept in adequate condition.
In Mexico, energy is a public good provided by the State to ensure the continuity, reliability, accessibility, affordability, and sustainability of fuel and electricity supply as pillars of development.