Pemex and President Lopez Obrador signed the Mexican Republic Oil Workers Union’s (STPRM) new Collective Labor Agreement, leaving a bitter sweet feeling among Mexicans. These and other stories in our periodic summary of labor-related issues.
Energy Reform allowed the entry of new players to the Mexican oil sector, but authorities awarded the best areas to Pemex in Round Zero anyway. The NOC promised to make large investments in these blocks, but the time is running out to achieve them.
Pemex announced its business plan for the next years, generating few positive expectations in the markets. However, the NOC announced a decision on a deep-water offshore project, sending a positive message to investors.
Pemex CEO, Octavio Romero, spoke about the alleged progress his team has achieved this year, but figures show the opposite. The development of these and other stories in our periodic Security summary.
The Mexican government has taken several measures to solve the Pemex crisis and increase investment levels in key fields. The National Hydrocarbons Commission (CNH) said that the NOC will invest in one of the most important blocks in Mexico.
The Mexican government and Pemex announced the company business plan for the coming years, but this document generated more doubts than tranquility. IHS Markit spoke about the risks that NOC is taking with its plans.