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Eye on Pemex

Pemex refineries on vacation

Pemex refineries on vacation

Pemex continues to report low refining production month after month and its refining problems keep increasing. The company will close some of these plants this week over the traditional November 1st holiday weekend.

Tuesday, October 31st, 2017
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Pemex results 3Q17

Pemex results 3Q17

Pemex announced its financial results for 3Q17, highlighting oil production in line with its2017goal, uninterrupted fuel supply, and substantial progress in joint ventures and farm-outs.

Monday, October 30th, 2017
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Pemex will renew its franchises

The NOC announced that it is preparing a renewal of its retail business model, with the launch of new franchises and contracts to face the newly liberalized market.

Tuesday, October 24th, 2017
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Oil exports revenues

Oil exports revenues

Pemex’s problems have affected the fiscal finances of Mexico, but the company is beginning to report some benefits, especially due to the increase in the crude price during this year. Oil exports on average are above target for this year.

Thursday, October 19th, 2017
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Pemex’s milestone

According to the National Hydrocarbons Commission (CNH), the NOC will drill its first exploratory well in the pre-salt zone of the Gulf of Mexico.

Thursday, October 19th, 2017
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González on refining

Pemex is facing tough times in almost all its business areas. Pemex aims to focus on oil production and leave the other businesses to private investors. José Antonio González Anaya, CEO of Pemex, talked about this issue.

Thursday, October 19th, 2017
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Pemex oil production

Pemex oil production

Pemex keeps showing no signs of recovery in its production metrics, and recent natural disasters aggravated the situation. The NOC published its preliminary extraction figures for September and these continue to decrease, this time at an even faster rate.

 

Wednesday, October 18th, 2017
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Natural disasters consequences

Mexico has suffered several natural disasters between earthquakes and hurricanes. These catastrophes have had many consequences affecting several sectors among them, the energy industry.

 

Wednesday, October 18th, 2017
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Pemex alliances

Pemex alliances

Pemex is betting on alliances with other companies to overcome the crisis it is currently facing and recover its operational and financial metrics. The expected investments by these associations are enormous.

Tuesday, October 17th, 2017
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Pemex propane production

Pemex propane production

Pemex keeps reporting red numbers in almost all its operational metrics; it seems like the company is justifying itself saying that it will focus on oil. Pemex propane production and imports are very low to meet local demand, leaving a big opportunity for other companies.

Monday, October 16th, 2017
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