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