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Eye on Pemex

SHCP on Pemex financial situation

SHCP on Pemex financial situation

Andrés Manuel López Obrador (AMLO) promised to change the serious financial and operational situation of Pemex quickly. The Ministry of Finance and Public Credit (SHCP) talked about this issue and measures to change the NOC crisis.

Wednesday, February 6th, 2019
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Expert recommendations

Pemex continues to report poor operational metrics, without a possible solution in the short or medium term. This situation has created many debates and the country continues to look for alternatives to help the NOC. A former Pemex executive spoke on this subject, giving some recommendations.

 

Wednesday, February 6th, 2019
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Mexico buys tanker trucks to face fuel supply issues

AMLO’s government announced the purchase of 671 new tanker trucks that represent an important investment for the country. The development of these and more stories in our periodic Infrastructure summary.

 

Wednesday, February 6th, 2019
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Bankers talk oil industry investments

The president of Mexico’s Banks Association (ABM), Marcos Martinez, spoke about how years of underinvestment affected the country’s oil industry.

 

Tuesday, February 5th, 2019
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Pemex trade balance in 2018

Pemex trade balance in 2018

Pemex reported its trade balance for December 2018 and this metric stays in the red without a clear solution in the short or medium term. The company has poor operational metrics, forcing it to maintain high import levels to supply local demand. Rocio Nahle, Secretary of Energy (Sener), spoke about this issue.

Monday, February 4th, 2019
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Will 2019 be Pemex’s year?

CEO Octavio Romero spoke about the NOC’s plan to increase production metrics. Here are the details.

Thursday, January 31st, 2019
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Romero on light crude imports

Romero on light crude imports

Pemex had to import light crude in recent months and send it to the National Refining System (SNR) due to its operational crisis. The NOC chose this route despite AMLO’s antipathy,  because there was no alternative.

Wednesday, January 30th, 2019
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AMLO’s plan to save Pemex

The government announced fiscal incentives to strengthen the NOC’s E&P investments, aimed at reversing the country’s poor production metrics.

Wednesday, January 30th, 2019
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Oil production in December 2018

Oil production in December 2018

Pemex published extraction figures for December 2018, achieving a slight increase compared to previous month However, the NOC’s production decreased compared to December 2017.

Monday, January 28th, 2019
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Is the offshore sector in trouble?

Pemex’s Bicentenario and Centenario Platforms stopped operations. S&P Global talks about what this implies for the sector.

Monday, January 28th, 2019
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