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Less E&P budget?

Pemex announced new measures to counter the collapse in oil prices, including a significant cut to the budget of subsidiary Pemex Exploracion y Produccion (PEP).

Thursday, April 30th, 2020
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Pemex service stations, prioritized?

According to the oil price information service (OPIS), the Energy Regulatory Commission (CRE) is considering suspending the approval of service stations other than Pemex.

Thursday, April 30th, 2020
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Pemex to reduce staff in oil platforms

Pemex to reduce staff in oil platforms

The spread of the Covid-19 at Pemex facilities has been growing, forcing the company to make drastic decisions.

Wednesday, April 29th, 2020
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Clandestine taps: how much has Pemex spent?

Fuel theft is one of Pemex’s main problems, representing a huge financial cost for the company.

Wednesday, April 29th, 2020
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Pay cuts at Pemex

Pemex is asking some staff to take pay cuts of 25% until December this year, as a way to let the NOC’s finances ‘breathe’, amid the health emergency.

Wednesday, April 29th, 2020
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Deepwater projects

Deepwater projects

The National Hydrocarbons Commission (CNH) confirmed that Shell (LON: RDSB) and Repsol (MSE: REP) will develop exploration works in deep waters of the Gulf of Mexico.

Tuesday, April 28th, 2020
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Force majeure?

Pemex declared force majeure on fuel supplies from its trading arm, PMI, amid a sharp drop in demand for crude and gasoline.

Tuesday, April 28th, 2020
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Pemex and oil prices

These are some effects of the ‘new crisis’ in Pemex.

Tuesday, April 28th, 2020
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CNH approves exploration wells

CNH approves exploration wells

The National Hydrocarbons Commission (CNH) approved the drilling of new exploration wells.

Monday, April 27th, 2020
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Production cut

Pemex should cut 100mbd from its production soon, meaning that the firm will soon decide on the fields where it will stop activities.

Monday, April 27th, 2020
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