Monday, June 18th, 2018
The Mexican government promoted Energy Reform with the goal of recovering the oil sector metrics in Mexico. The National Institute of Statistics and Geography (INEGI) analyzed the behavior of the sector in recent years, with worrying results, despite the implementation of the reform.
Pemex published the number of drill rigs in operation during April 2018. This important metric is still at historically low levels, but the company reported an improvement.
Mexico has been discussing fuel prices since early last year when the government decided to let the market set them freely. This generated the well-known ‘Gasolinazo’, affecting Mexicans’ pocketbooks and some presidential candidates have proposed returning to a regulated system. The British Bank Barclays spoke about this possibility and its possible consequences in the country.
According to industry experts, during the last 5 years, Pemex stopped investing in Tabasco, mainly in E&P activities, which create the most jobs.
Pemex reported positive results in some of the projects that is currently developing in Hidalgo and Potosí, but communities blocked the NOC’s facilities in Guerrero and Tabasco. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Pemex reported the number of clandestine taps in its pipelines during April and the cumulative figure during this year. This problem is breaching all records, affecting Pemex finances and operations.
Oil rounds carried out by the National Hydrocarbons Commission (CNH) continue to produce results for the country. Petrobal, a subsidiary of Grupo Bal, announced its investment plan for the fields won in Round 1.2.
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