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Sovereign unproductive, Fake news, Pemex anomalies – HCM for 2021 03 08

“Unproductive but sovereign”; Pemex distorting the figures to skew the story; and ASF says Pemex’s management presents “anomalies”

Sunday, March 7th, 2021

Pemex bankrupt? – HCM for 2021 03 05

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.

Thursday, March 4th, 2021

No cuts, Propane theft, Drone patrol – HCM for 2021 03 04

Pemex sees no need to cut production; Propane theft better? Worse? Or better but still bad? Or…; and Mexican Army tries drones to protect pipelines

Wednesday, March 3rd, 2021

Technically bankrupt, Pemex bailout, Braskem signs – HCM for 2021 03 03

ASF says the NOC is technically bankrupt; AMLO paying Pemex’s bills; and Let’s make a deal – Braskem, Pemex and Cenegas

Tuesday, March 2nd, 2021

Pemex results, Counter-Reformation reverse, CFE thermal – HCM for 2021 03 02

Record loss for Pemex in 2020 but 4Q20 was better; Federal judge reverses Sener decisions to ‘slow roll’ the energy sector; and CFE expands thermo-generation capacity

Monday, March 1st, 2021

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

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

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

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

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