Commodities 2023: Mexican oil and gas upstream sector to remain active, but not without hurdles

The Mexican oil and gas upstream sector is expected to remain active in 2023, with private companies ramping up exploration and production. But there will be challenges, including rig availabilities. Based on the exploration and production plans approved by the National Hydrocarbons Commission, or CNH, drilling by the private operators and the state oil company Pemex will increase, at least…