Pemex has been facing a difficult operational and financial crisis during recent years. However, the NOC is optimistic about its future, specially in natural gas. Octavio Romero Oropeza, CEO of Pemex, talked about natural gas output for the next six years.
During his most recent speech, the new president announced that he will “rescue” the national oil industry, increasing production by almost 1mmbd. Here is how.
Andres Manuel Lopez Obrador (AMLO) began his term as president of Mexico in December 2018 and changes in the management positions of Pemex began.
Andrés Manuel López Obrador (AMLO) gave a major oil and gas policy speech (in Campeche of course) where he set the goals for his presidency and suggested private investment might have a role, but only if it ‘behaved well’.
The Secretary of Finance (SHCP), Carlos Urzúa, and Pemex’s CEO, Octavio Romero, will have to negotiate how much money will be given to the NOC for the assets that it should have developed in Round 1.
Andrés Manuel López Obrador (AMLO) wants to reactivate Pemex’s operational and financial metrics quickly. He announced an increase in Pemex budget for next year and Octavio Pastrana, Independent Advisor to the NOC spoke about this decision and its benefits.
The NOC’s new CEO, Octavio Romero, spoke about his plans for Pemex during the next six years.
Pemex is facing a difficult operational and financial situation in all its business areas, but refining has been one of the most affected. The National Refinery System (SNR) is working at very low efficiency rates.
The NOC will soon start developing the Nobilis-1 Offshore field in the Gulf of Mexico. Here are the details.
Carlos Treviño, CEO of Pemex, made an important announcement about the Ixachi onshore field located in the state of Veracruz. The firm increased the prospects for 3P reserves in this area, after its discovery in November 2017. The NOC expects this field to start producing soon.
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