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Eye on Pemex

Pemex announces new open season

Pemex is the company with the most infrastructure available in the country and the firm wants to leverage this situation, thanks to Energy Reform. The NOC announced a new auction to make part of its infrastructure available.

Thursday, May 24th, 2018
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Pemex reduces investment

Pemex reduces investment

Pemex continues reporting poor financial and operational metrics. Oil prices have improved in recent months, but the company continues to report low performance in investment in Exploration and Production (E&P).

Tuesday, May 22nd, 2018
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Pemex April preliminary oil production

Pemex April preliminary oil production

Pemex reported its preliminary production figures for April this year and the results are making it harder for the NOC to achieve its goals for this year. Production is still far from the 2,000mbd exit target.

Monday, May 21st, 2018
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Pemex reported 2017 RRR

Pemex reported 2017 RRR

Pemex reported its Reserves Replacement Ratio (RRR) for 2017 in a report sent to the U.S securities and Exchange Commission (SEC). The NOC reported a recovery in RRR compared to previous year, but it is still below the industry standard of aiming to replace 100% of annual production with new discoveries.

Tuesday, May 15th, 2018
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Fuel imports effect on Pemex

Fuel imports effect on Pemex

Pemex has significantly increased its dependence on imports of refined-products due to the operational and financial problems in its refineries. Pemex Board of Directors made a report on the effects of this situation.

Thursday, May 10th, 2018
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Pemex exploration goals

Pemex is focusing on oil exploration and production to recover its finances. The NOC has requested several exploratory licenses from the National Hydrocarbons Commission (CNH). However, the company is not complying with the commitments made with Mexican authorities.

Thursday, May 10th, 2018
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Oil prices benefit exports

Oil prices benefit exports

Pemex continues to report poor operational metrics and the outlook for the short and medium term is not very encouraging. However, the new pricing environment is generating benefits for the company.

Wednesday, May 9th, 2018
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Pemex refining production target

Pemex refining production target

Pemex’s crisis has affected all its operation areas, but refining has been one of the most affected. The company has reported poor metrics in this area, but Pemex is optimistic about a possible recovery in the short term.

Tuesday, May 8th, 2018
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Pemex’s plan for Round Zero

The NOC is focusing on an investment strategy to avoid returning the areas that were assigned to it in the initial round.

Thursday, May 3rd, 2018
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Pemex does not rule out an IPO

Carlos Treviño, CEO of Pemex, spoke about the possibility of carrying out an Initial Public Offering (IPO) to generate resources. He said that the company does not rule out this possibility.

Thursday, May 3rd, 2018
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