Image credits: PEMEX
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Weekly Roundups

Deer Park To Process Shell Crude

Thu, 01/20/2022 - 18:08

PEMEX has signed a long term agreement with Shell as part of its purchase of Deer Park that will make Shell the provider of the majority of crude oil that the facility will process for the next 15 years, according to sources speaking in anonymity to Reuters. This agreement dictates that Shell will supply approximately 200,000b/d of crude to Deer Park and a PEMEX unit will supply approximately 115,000b/d, which will put the refinery close to its full processing capacity of 340,000b/d.  

Ready for more? Here’s the Week in Oil & Gas!

Parliamentary Discussion on Energy Reform Begins Once Again

Discussions surrounding the López Obrador administration’s prized energy reform have opened in Mexico’s parliament this week after last year’s temporary suspension. Featuring profound changes, the reform would drastically alter the status quo set in the constitutional 2014 Energy Reform. With the future of the hydrocarbons and electricity sectors at stake, the battle lines between supporters and detractors are being drawn.

US Secretary of Energy to Visit Mexico

President López Obrador has announced the visit of Jennifer Granholm, US Secretary of Energy, to Mexico. Granholm will arrive this week and will meet with her counterpart Rocío Nahle along with chancellor Marcelo Ebrard to discuss relevant topics in the bilateral agenda regarding the president’s electric bill and the purchase consolidation of the Deer Park refinery.

CNH Hits the Ground Running in 2022

In the first two weeks of 2022 CNH has already completed three sessions, filing a total of 14 resolutions predominantly concerning PEMEX exploration plans. This follows another busy year given that CNH completed a total of 93 sessions in 2021, averaging between seven and eight sessions each month. CNH celebrated its first session of 2022 on January 4, the second on January 11 and the third on January 13. The entirety of the first and second sessions were concerned with exploration and field development plans filed by PEMEX, while the third session concerned private operators by approving exploration plans filed by Jaguar and its subsidiaries. The full video recordings of these three sessions, along with their summaries, have been uploaded and made available through CNH’s Youtube page. 

“Expect Good News For The Energy Sector Tomorrow”: AMLO

President López Obrador announced that on Friday, his government would provide “good news” in energy matters for the country. “After the announcement, in the afternoon, we are going to meet with US Secretary of Energy Jennifer Granholm. The meeting here at the Palace is at 6 in the afternoon, and it is a welcome encounter. There are many issues we need to deal with," López Obrador said.

The data used in this article was sourced from:  
MBN, Reuters
Photo by:   PEMEX