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Eye on Pemex

Pemex infrastructure on sale?

Pemex infrastructure on sale?

According to Bloomberg, Pemex is now looking at what to do with its midstream assets such as processing, storage, transportation and marketing, and one of its options could be selling them.

Tuesday, January 31st, 2017
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Pemex will have a storage terminal in Chiapas

Governor of Chiapas Manuel Velasco, and President Enrique Peña Nieto, will inaugurate Pemex’s new Storage and Distribution Terminal (TAR) in Puerto Chiapas, after years of managing its relocation.

Tuesday, January 31st, 2017
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Supreme Court rules in Pemex favor

The Supreme Court of Justice of the Nation (SCJN) absolved Pemex of paying a million-dollar fine. The NOC was accused of monopolistic practices in fuel sales.

Tuesday, January 31st, 2017
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US to stop buying Mexican oil

Mexico has been left alone in the difficult negotiation it will soon have with Donald Trump’s government on the Keystone XL pipeline’s construction that will be developed by Canada’s TransCanada (NYSE: TRP).

Thursday, January 26th, 2017
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Micro-refineries: a viable option for Tamaulipas

Developed with private capital that often comes from Texas, micro- refineries have been seen as a viable project to be set in Tamaulipas.

Wednesday, January 25th, 2017
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Pemex gives priority to exports

Pemex gives priority to exports

The oil-company has many problems in its refineries, and so Pemex is giving priority to exports. Refining has fallen to historically low levels.

Tuesday, January 24th, 2017
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Cantarell production keeps falling

Cantarell production keeps falling

One of the main causes crude production fall is the decrease in the Cantarell field. This asset that, some years ago, was the most important in the country, today has a very low production.

Thursday, January 19th, 2017
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American companies seek to invest in Mexico’s oil industry despite economic and political risks

US oil companies such as Riverstone Holdings LLC want to take advantage of Mexico’s oil market recent liberalization hoping that issues such as the drop of the Mexican peso will not have a negative impact on the business.

Thursday, January 19th, 2017
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Mexico oil production keeps falling

The country’s production continues to fall. Although production data for December 2016 is not available, it is clear that oil extraction will be lower than in 2015.

Tuesday, January 17th, 2017
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Pemex fuel imports come from US

Pemex fuel imports come from US

Pemex has problems refining gasoline and to meet this lack of capacity the company has had to increase its importations. In recent years, fuel imports have grown substantially.

Wednesday, December 21st, 2016
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