News and AnalysIs for

The National Hydrocarbons Commission (CNH) will sign a contract to develop the Ébano onshore field: Pemex’s eighth farm-out.

Pemex reported its trade balance for the second quarter of this year and its metrics changed from red to green. 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.

Andrés Manuel Lopez Obrador (AMLO) announced his candidate CEOs for Pemex and the Federal Electricity Commission (CFE), generating various reactions among experts and analysts.

PricewaterhouseCoopers (PwC) spoke about Mexico’s opportunities and challenges when it comes to reactivating its energy industry.

Pemex reported exploration and development wells drilled figures during June this year. This metric has recovered some lost ground, but it continues to show poor performance compared to previous years.

Pemex is getting further away from the 2,000mbd target every month, and the poor trend continues, without a possible solution in the short term. The company published extraction figures for June and the firm will find it even harder to achieve its targets.

President-elect Andres Manuel Lopez Obrador (AMLO) announced the next president of Pemex during his administration. In addition, AMLO announced names for other agencies in the Mexican energy sector as well.

Pemex announced its financial and operational results for the second quarter of the year, highlighting positive performance in key metrics such as investment, total sales and increased natural gas use, among others. However, the firm reported a huge net loss in this quarter.

Pemex continues to report a severe crisis in the refining sector, especially due to constant operational problems in its refineries. Andrés Manuel López Obrador (AMLO) has big plans for this industry, but the challenges will be difficult to overcome.

Pemex continues to face several problems in almost all its business areas, without a possible solution in the short term. The NOC now faces a new problem with transporters caused by its refining crisis.