Pemex’s crisis has pushed its management to cut unnecessary expenses in the company, as well as to let go 16,000 of its workers. Here are the details.
Andres Manuel Lopez Obrador (AMLO) asked oil companies to increase their investments and give quick results in the country. The private sector has responded positively to this request, and Cotemar Group announced its investment plans in Mexico, through its subsidiary Servicios de Extraction Petrolera Lifting de Mexico.
Energy Reform opened the door for new players to compete in the Mexican fuel market. However, even though firms could be importing more gasoline, they are not. Here is why. The development of these and more stories in our periodic Retail summary.
Pemex published extraction figures for February 2019, and the firm started to recover some lost ground in this important metric, compared to previous month. Octavio Romero Oropeza, CEO of Pemex, showed his optimism about the company’s performance in coming months.
The Head of Mexico’s Presidential Office, Alfonso Romo, spoke about the importance of the private sector in the country, and explained why oil rounds could come back sooner rather than later.
A recent investigation revealed yet another bad financial move for Pemex.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, said no to the implementation of unconventional techniques such as fracking in the country. This decision would have several negative effects on Mexico’s trade balance, especially in matters of natural gas imports.
The government of Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Dos Bocas to increase the refining production. Rocio Nahle, Secretary of Energy (Sener), spoke about this project and the Pemex role in this process.
The firm announced important plans for the development of Mexico’s gasoline industry. The development of these and more stories in our periodic Infrastructure summary.
Pemex reported exploration and development wells drilled figures during February this year. This metric has recovered some lost ground, but it continues to show poor performance compared to previous years.
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