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Eye on Pemex

Natural gas production in September

Natural gas production in September

The NOC reported natural gas production metrics for September showing a recovery compared to same period last year, but insufficient to solve the current crisis. A region in Tabasco is preparing to boost investments in the natural gas sector.

Tuesday, November 13th, 2018
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Pemex fuel revenues

Pemex fuel revenues

Pemex has reported poor operational metrics in the refining sector, especially in fuel production. The NOC’s revenues had reported a good performance, thanks to the increase in prices, but the trend is changing.

Monday, November 12th, 2018
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Pemex subsidiaries scandal

The Superior Audit of the Federation (ASF) has made complaints about possible irregularities in the cash management of Pemex subsidiaries abroad. Rocio Nahle Garcia, AMLO’s Secretary of Energy (Sener), spoke on this topic.

Monday, November 12th, 2018
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Jet fuel market crisis

Jet fuel market crisis

The Pemex refining crisis is affecting several sectors in Mexico and the company has not yet announced a strategy to solve it in the short term. The jet fuel market is increasing is dependence on imports due to Pemex ‘s lack of capacity to serve local demand.

Thursday, November 8th, 2018
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Pemex oil exports in 3Q18

Pemex oil exports in 3Q18

Pemex reported oil export figures for the third quarter of 2018 and these decreased compared to previous quarter. Shipments increased considerably to the United States, counteracting decreases to other regions. The Far East continues as the second destination for Mexican crude.

Tuesday, November 6th, 2018
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Is that the real problem?

Better oil prices do not bring entirely better news for Pemex, as they negatively impacted what the NOC pays for imports to supply the national demand.

Friday, November 2nd, 2018
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Pemex needs a huge investment budget

The National Hydrocarbons Commission (CNH) made an estimate of the investment levels that Pemex needs to make to overcome its crisis. The estimated figures are challenging for the coming years.

Wednesday, October 31st, 2018
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Pemex oil production in September

Pemex oil production in September

Pemex published extraction figures for September, achieving a slight increase in this month. However, the NOC set a new production target for 2018.

Tuesday, October 30th, 2018
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Pemex reports net income in 3Q18

Pemex reports net income in 3Q18

Pemex announced its financial and operational results for the third quarter of the year, highlighting positive performance in key metrics such as EBITDA, net income, operating income and total sales, among others.

Monday, October 29th, 2018
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Pemex’s plan

The NOC will import 1.4mmbl of light Bakken crude next month, the firm said in a statement.

Wednesday, October 24th, 2018
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