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Eye on Pemex

Pemex TRI vs CRE

Pemex TRI vs CRE

The Energy Regulatory Commission (CRE) approved new contract models of gasoline sales in Mexico. This decision could affect the interests of Pemex Transformación Industrial (Pemex TRI) and the NOC started a legal process against it.

Tuesday, April 16th, 2019
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More resources for Pemex?

Andrés Manuel López Obrador (AMLO), president of Mexico, promised to help Pemex to solve its financial and operational crisis. Carlos Urzúa, Secretary of Finance and Public Credit (SHCP), spoke about the new business plan and new aid for the NOC.

 

Tuesday, April 16th, 2019
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Moody’s talks Pemex

The Rating Agency called on President Andres Manuel Lopez Obrador (AMLO) to present a clear Business Plan for the NOC, as the document will ‘set the tone’ for Pemex’s ratings.

 

Tuesday, April 16th, 2019
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Natural gas import capacity

Natural gas import capacity

Andrés Manuel López Obrador (AMLO) promised to recover the country’s energy self-sufficiency quickly, but this process will take longer than expected. Meanwhile, the private sector is still preparing to meet local demand with imports.

Monday, April 15th, 2019
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“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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