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Pemex’s workforce will decrease

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.

 

Monday, April 1st, 2019
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Cotemar investment plans

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.

 

Monday, April 1st, 2019
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Challenges in the fuel market

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.

 

Monday, April 1st, 2019
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Pemex oil production in February

Pemex oil production in February

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.

Thursday, March 28th, 2019
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“Oil rounds can come back sooner than expected”: Romo

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.

Thursday, March 28th, 2019
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Two and counting

A recent investigation revealed yet another bad financial move for Pemex.

Thursday, March 28th, 2019
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Natural gas imports to increase without fracking

Natural gas imports to increase without fracking

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.

Wednesday, March 27th, 2019
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Nahle on new refinery

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.

Wednesday, March 27th, 2019
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BP is building its retail support network

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.

Wednesday, March 27th, 2019
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Pemex wells drilled

Pemex wells drilled

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.

Tuesday, March 26th, 2019
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