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Eye on Pemex

“The new Business Plan will be ready by the end of the month”: SHCP

The Ministry of Finance and Public Credit (SHCP) spoke about the NOC’s new Business Plan, which includes important topics like the recovery of oil production and modifications to the firm’s tax burden.

 

Monday, April 15th, 2019
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Pemex projects at a slow pace

Pemex projects at a slow pace

Andrés Manuel López Obrador (AMLO) promised to recover production metrics quickly. The government’s strategy contemplates the development of 20 fields, but these do not advance at the expected pace.

Wednesday, April 10th, 2019
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Pemex to generate its own electricity

The NOC surprised public opinion by announcing it will enter the energy self-generation market, providing this service for its platforms.

Wednesday, April 10th, 2019
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Candidates for Pemex Board of Directors

Three members of the Pemex Board of Directors announced their departures due to differences with the current government. Andres Manuel Lopez Obrador (AMLO), president of Mexico, announced his candidates to fill these positions.

Tuesday, April 9th, 2019
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Investors talk Pemex

Investors talk Pemex

Pemex has been facing a difficult operational and financial crisis over the last years and the government pledged to help the NOC. Investors spoke about the company’s situation and its bonds.

Monday, April 8th, 2019
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Government to increase oil production and exports

Government to increase oil production and exports

Andres Manuel Lopez Obrador (AMLO) wants to recover Pemex’s metrics quickly, and he has showed his confidence in the NOC’s short-term performance. The Ministry of Finance and Public Credit (SHCP) announced oil production and export expectations for 2020.

Thursday, April 4th, 2019
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Pemex Board of Directors vs AMLO?

Three members of the Pemex Board of Directors plan to present their resignations in the coming weeks, and this situation generated speculation about their possible reasons for quitting.

 

Thursday, April 4th, 2019
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Pemex has a new union

Carlos Romero Deschamps, the controversial leader of Pemex’s Mexican Republic Oil Workers Union (STPRM) since 1993, now has competition. Here are the details. These and other stories in our periodic summary of labor-related issues.

 

Thursday, April 4th, 2019
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Pemex revenues decrease

Pemex revenues decrease

Andrés Manuel López Obrador (AMLO) has announced several measures to help Pemex and solve the crisis in the oil sector. However, the situation of the NOC remains critical, without signs of a recovery.

Wednesday, April 3rd, 2019
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Communities complain about Pemex

Aside from dealing with financial issues, the NOC is now faced with the ‘anger of communities’, who argue that the firm has not complied with its social responsibilities in rural areas. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

 

Wednesday, April 3rd, 2019
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