Pemex announced the development of 22 oil fields over the coming years as the main strategy to reverse the downward tendency in its oil production. The NOC has high expectations in these areas for the short term.
The Institute of International Finance (IIF) published a document saying that a more productive Pemex could help reduce Mexico’s fiscal deficit.
Pemex is facing a difficult situation in operational and financial terms, and it seems like bad news continues for NOC. Fuel oil could be a new problem for the firm.
Pemex announced its business plan for the next years, generating few positive expectations in the markets. However, the NOC announced a decision on a deep-water offshore project, sending a positive message to investors.
The NOC’s 2019-2024 Business Plan promises to turn it into Mexico’s largest fertilizer producer. This aspect, however, might prove to be a stumbling block in President Andrés Manuel López Obrador’s (AMLO) plan.
Pemex CEO, Octavio Romero, spoke about the alleged progress his team has achieved this year, but figures show the opposite. The development of these and other stories in our periodic Security summary.
The Mexican government has taken several measures to solve the Pemex crisis and increase investment levels in key fields. The National Hydrocarbons Commission (CNH) said that the NOC will invest in one of the most important blocks in Mexico.
Xanab, one of Pemex’s most valuable assets, has been losing production consistently for the past years. Here are the details.
The Mexican government and Pemex announced the company business plan for the coming years, but this document generated more doubts than tranquility. IHS Markit spoke about the risks that NOC is taking with its plans.
Pemex reported natural gas production metrics for June this year, showing no recovery. The NOC has all its hopes in service contracts to change its poor situation, even though these generate little interest among investors.
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