Mexico approves fracking to reverse sagging oil and gas production
Goodbye empty virtue signalling under the climate cult banner, hello reality and the legitimate exploitation of its own natural resources. Maybe a message for Britain’s net zero obsessed leaders here? Views on climate are changing since the US election of 2024. Pseudo-panic is becoming obsolete.
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In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking, reports Oilprice.com.
Petroleos Mexicanos, or Pemex, the world’s most indebted energy firm, has seen declines in its output in recent years as old shallow-water conventional fields mature.
Now the government and its state-controlled energy giant want to revitalize production via fracking, Reuters reports, citing the revitalization plan.
In the late 2010s, then-President Enrique Peña Nieto sought to open shale basins, including the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies.
However, Peña Nieto’s successor, Andrés Manuel López Obrador, cancelled the contracts. Former president Lopez Obrador ruled out fracking during his term in office between 2018 and 2024.
But his successor and mentee, current President Claudia Sheinbaum, has agreed to give the green light increased fracking despite a campaign pledge last year that she would not allow it.
. . .
Mexico has an estimated 545 Tcf of technically recoverable shale gas resources, the sixth largest in the world, per U.S. government data.
Full report here.
Source: https://tallbloke.wordpress.com/2025/08/09/mexico-approves-fracking-to-reverse-sagging-oil-and-gas-production/
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