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Eye on Pemex

Pemex’s financial mess

The Secretary of Finance (SHCP), Carlos Urzúa, and Pemex’s CEO, Octavio Romero, will have to negotiate how much money will be given to the NOC for the assets that it should have developed in Round 1.

Thursday, December 13th, 2018
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Pemex budget will increase

Andrés Manuel López Obrador (AMLO) wants to reactivate Pemex’s operational and financial metrics quickly. He announced an increase in Pemex budget for next year and Octavio Pastrana, Independent Advisor to the NOC spoke about this decision and its benefits.

Tuesday, December 11th, 2018
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“My main goal is to eliminate corruption”: Romero

The NOC’s new CEO, Octavio Romero, spoke about his plans for Pemex during the next six years.

Thursday, December 6th, 2018
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Refinery crisis deepens

Refinery crisis deepens

Pemex is facing a difficult operational and financial situation in all its business areas, but refining has been one of the most affected. The National Refinery System (SNR) is working at very low efficiency rates.

Thursday, November 29th, 2018
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Pemex’s new project

The NOC will soon start developing the Nobilis-1 Offshore field in the Gulf of Mexico. Here are the details.

Thursday, November 29th, 2018
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Pemex increases 3P reserves at Ixachi

Pemex increases 3P reserves at Ixachi

Carlos Treviño, CEO of Pemex, made an important announcement about the Ixachi onshore field located in the state of Veracruz. The firm increased the prospects for 3P reserves in this area, after its discovery in November 2017. The NOC expects this field to start producing soon.

Wednesday, November 28th, 2018
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Pemex production in October

Pemex production in October

Pemex published production figures for October, reporting a new decrease in this month. The firm had reported an increase in September, but the firm lost the ground gained this month, reaching historical low levels.

Tuesday, November 27th, 2018
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Pemex executives resign

Pemex has 255 managers in strategic positions in the company, and several of them have recently resigned. This situation has created concerns within the NOC.

Monday, November 26th, 2018
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Pemex trade balance in 3Q18

Pemex trade balance in 3Q18

Pemex reported its trade balance for the third quarter of this year and its performance continues in the red. The company has poor operational metrics, forcing it to increase imports to supply local demand. However, the company has reduced its deficit in recent months.

Wednesday, November 21st, 2018
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Braskem will not renegotiate its ethane supply contract with Pemex

The firm does not plan to renegotiate a 20-year contract to supply ethane to Pemex, but is open to discussing alternatives with the new government.

 

Thursday, November 15th, 2018
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