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Eye on Pemex

Gas market prospects

Pemex’s lack of capacity to produce gas opened many business opportunities for other companies and the country could continue to increase its dependence on imports. The National Center for Natural Gas Control (Cenegas) published its views on the gas market.

Monday, October 16th, 2017
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Pemex’s former directors criticized

An Op-Ed by Jonathan Ruiz, Carlos Rodriguez, Juan Spinetto and Adam Williams says that after the enactment of Energy Reform, the NOC’s ex-directors have not been made part of the new players that have bet on Mexico.

Monday, October 16th, 2017
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Pemex oil export challenges

Pemex oil export challenges

Pemex was reporting a recovery in its oil exports, thanks to its diversification strategy, but foreign political issues could affect these.

Thursday, October 12th, 2017
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SHCP stretch target for non-Pemex production

SHCP stretch target for non-Pemex production

Mexico has problems in its oil production, especially because of Pemex’s difficult situation. However, the success of the past oil rounds has generated many expectations about a recovery in this issue. The Ministry of Finance and Public Credit (SHCP) published its forecast of non-Pemex production.

Wednesday, October 11th, 2017
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Pemex invests 40% more in Pemex Fertilizantes

Although the fertilizer business has only generated losses, the firm wants to increase this activity’s budget by 40% in 2018.

Wednesday, October 11th, 2017
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US wants to regulate Mexico’s alliances

Renegotiations of the North American Free Trade Agreement (NAFTA) are moving forward and countries are putting their proposals on the table. The United States made a proposal for Mexico’s alliances in the energy sector.

Monday, October 9th, 2017
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Will Talos share oil with Pemex?

Currently, the Mexican government is advancing on a legal framework to establish how Talos Energy’s discovery off the Mexican coasts will be shared with Pemex.

Thursday, October 5th, 2017
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Pemex wants to continue its monopoly

One of the goals of Energy Reform is to create a new and free energy market in Mexico. It seems like Pemex does not understand, and its doing things to keep its monopoly, at least in the fuel market.

Wednesday, October 4th, 2017
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Gap between EIA and Sener gas figures increases again

Gap between EIA and Sener gas figures increases again

Pemex lack of capacity to supply local gas demand is converting Mexico into an importer country of this fuel and its dependence on US is increasing. Private importers keep increasing their market share.

Tuesday, October 3rd, 2017
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Pemex refining production

Pemex refining production

Pemex continues to report low refining production month after month. The NOC had to close the Salina Cruz refinery, its most important in terms of production.

Monday, October 2nd, 2017
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