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Eye on Pemex

Pemex Board of Directors vs AMLO?

Three members of the Pemex Board of Directors plan to present their resignations in the coming weeks, and this situation generated speculation about their possible reasons for quitting.

 

Thursday, April 4th, 2019
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Pemex has a new union

Carlos Romero Deschamps, the controversial leader of Pemex’s Mexican Republic Oil Workers Union (STPRM) since 1993, now has competition. Here are the details. These and other stories in our periodic summary of labor-related issues.

 

Thursday, April 4th, 2019
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Pemex revenues decrease

Pemex revenues decrease

Andrés Manuel López Obrador (AMLO) has announced several measures to help Pemex and solve the crisis in the oil sector. However, the situation of the NOC remains critical, without signs of a recovery.

Wednesday, April 3rd, 2019
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Communities complain about Pemex

Aside from dealing with financial issues, the NOC is now faced with the ‘anger of communities’, who argue that the firm has not complied with its social responsibilities in rural areas. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

 

Wednesday, April 3rd, 2019
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“Pemex will be more efficient than foreign firms”: AMLO

President Andrés Manuel Lopez Obrador (AMLO) said that the neoliberal policies implemented by previous administrations negatively affected the industry, but called on Mexicans not to worry about it because he came to ‘save Pemex.’

 

Tuesday, April 2nd, 2019
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Pemex fuel production in February

Pemex fuel production in February

Pemex reported its production for February 2019, and it started to recover some of the lost ground in previous years. In addition, Chevron (NYSE: CVX) talked about the fuel market future with the new government and its plans in the country.

Monday, April 1st, 2019
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Pemex’s workforce will decrease

Pemex’s crisis has pushed its management to cut unnecessary expenses in the company, as well as to let go 16,000 of its workers. Here are the details.

 

Monday, April 1st, 2019
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Pemex oil production in February

Pemex oil production in February

Pemex published extraction figures for February 2019, and the firm started to recover some lost ground in this important metric, compared to previous month. Octavio Romero Oropeza, CEO of Pemex, showed his optimism about the company’s performance in coming months.

Thursday, March 28th, 2019
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Two and counting

A recent investigation revealed yet another bad financial move for Pemex.

Thursday, March 28th, 2019
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Pemex wells drilled

Pemex wells drilled

Pemex reported exploration and development wells drilled figures during February this year. This metric has recovered some lost ground, but it continues to show poor performance compared to previous years.

Tuesday, March 26th, 2019
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