Reuters reveals Pemex fined for failures at top oil field leading to flaring, faces another fine - Reuters News Agency

Reuters reveals Pemex fined for failures at top oil field leading to flaring, faces another fine

Reuters exclusively revealed that Mexico’s hydrocarbon regulator has fined state oil company Pemex for development violations at one of its most important fields that has led to excessive flaring of natural gas and is preparing another fine for a similar field. Pressure is mounting on Pemex to clean up its operations, but alleged failures at the two fields, both considered strategic priorities, have resulted in huge amounts of gas being burnt off or wasted despite a global push to reduce emissions. 

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: South America
Countries: Mexico
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
PEMEX
Sign up for email updates
Subscribe
Sign up for email updates