Pemex CEO, Octavio Romero Oropeza, announced that the company has discover a new field in Tabasco which is expected to produce around one billion barrels of oil helping to compensate the production slump.

The Mexican government has issued new regulations limiting private firms to import fuel.

Mexican state-run oil company Pemex expects to steadily increase liquids production over the next few years to reach 2.296 million barrels per day (bbl/d) by the end of 2024.

Mexico’s oil output hit a record low in July at 1.605 million barrels per day (mmbbl/d), with both national oil company Pemex and private oil producer’s production down on June’s figures.

According to data issued by the Energy Secretariat (SENER), diesel and gasoline demand in Mexico continue to recover by the start of business and industrial operations to back gradually despite the increase of number of coronavirus cases.

Mexican state-run oil company Pemex and America’s Talos Energy Inc have been ordered by the energy ministry to find a resolution over how they will jointly develop the large Zama offshore oil discovery.

OPEC member Mexico has stated that it will not join other top oil producing countries in supporting further oil cuts in July.

Wintershall Dea and its license partners have made two significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico.

Qatar Petroleum has signed a deal with Eni to acquire a 35% stake in three of the Italian company's Mexican offshore oilfields.

Mexican investment has financed 90% of the costs of the pipelines installed in the Zohr natural gas field.