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Thursday, March 4th, 2021

This time for real? A number of stories have accumulated pointing to a severe financial crisis in Pemex. Maybe the press is just figuring it out or maybe something real is happening.

Recent News

The Great Texas Blackout and the Counter-Reformation – HCM Monthly for 2021 03 01

While we devoted our usual space to the problems of Pemex and CNH approvals of investment plans, this month was dominated by two related stories: the ‘Great Texas Blackout’ and its consequences for northern and even central Mexico and Andrés Manuel López Obrador’s grand ‘Counter-Reformation’ of the electrical industry.

Sunday, February 28th, 2021
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Venezuelan gas, Tamaulipas investment, Oaxaca debts – HCM for 2021 02 26

From one dysfunctional NOC to another;  Pemex spent MXN 3.4B on infrastructure in Tamaulipas during 2020; and More complaints in Oaxaca that Pemex is not paying its bills

Thursday, February 25th, 2021
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Pemex up, IEnova flat, Gas normal – HCM for 2021 02 25

Pemex oil production rose in 2020; IEnova had a flat bottom-line 2020; and Cengas lifted all restrictions on gas usage.

Thursday, February 25th, 2021
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Gas strategy, CFE knew, Risky bet– HCM for 2021 02 24

Ruíz Alarcón calls for gas strategy; CFE anticipated the gas shortage; and NRGI questions Mexican government’s plan to save Pemex

Tuesday, February 23rd, 2021
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Romero out?, Gas clarity plea, Renewable potential – HCM for 2021 02 23

Another article saying Octavio Romero is out at Pemex; Industry association of State of Mexico pleads for clarity on gas; and Mexico has potential to attract foreign investment in renewables but…

Monday, February 22nd, 2021
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Texas blackout, Pemex handout, Tekuani-1EXP – HCM for 2021 02 22

Continued economic repercussions of the “Texas blackout”; Pemex gets another handout; and NOC gets approval for Tekuani-1EXP plans

Saturday, February 20th, 2021
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