The retirement scheme of the Mexican Republic Oil Workers Union (STPRM) reflects the corruption networks that exist inside the Organization. These and other stories in our periodic summary of labor-related issues.
President Andres Manuel Lopez Obrador (AMLO), and Pemex, have announced plans to increase the country’s oil production in the short and medium term. However, it seems like they have not taken into account a key issue in this process: oil reserves.
Energy Secretary (Sener), Rocío Nahle, said that Pemex lacks budget to develop deepwater fields, so it will not do it, at least during the administration of Andres Manuel Lopez Obrador (AMLO).
Mexico could lose its investment rate in a few years, if Pemex does not reactivate its farm-outs, experts said, explaining what 2020 might look like for the NOC.
The National Hydrocarbons Commission (CNH) published extraction figures for October 2019, reporting a poor behavior during this month.
The NOC will have to decide on the future of its farm-outs, the Minister of Energy (Sener), Rocío Nahle, said.
This is how Pemex’s operations have changed since the cyber-attack that took place last week.
Pemex reported a cyber-attack that affected its information systems. Hackers demanded a payment to release the NOC’s information.
Innova Petromex informed its clients that a cyber attack stopped commercialization processes with Pemex Industrial Transformation (PTI).
Pemex and the Mexican government have announced several strategies to solve the NOC’s operational and financial crisis. The firm has an ambitious cost reduction plan to generate significant savings.
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