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Eye on Pemex

Pemex oil production by type

Pemex oil production by type

Pemex continues to report low oil production. The company published extraction figures for August and these follow the trend of recent years. This time we analyze production by type of crude produced.

Tuesday, September 26th, 2017
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“Pemex is stronger with Energy Reform”: González Anaya

According to its CEO, with a business plan that focuses on profitability, the NOC achieved stable finances profits that amount to US$38.2M.

Tuesday, September 26th, 2017
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Cantarell budget cut

Cantarell budget cut

Once Cantarell was Pemex main producing block, but this asset started its natural decline some years ago and lost this place. The NOC will reduce the budget of this important block for 2018.

Monday, September 25th, 2017
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Pemex wants to mitigate losses in refining

The NOC allocated MXN$15.7B to its Pemex Transformación Industrial (Tri) subsidiary in charge of the maintenance and modernization of its different infrastructure areas.

Monday, September 25th, 2017
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Pemex activates security protocol

Pemex activates security protocol

The earthquake of the 7.1 magnitude generated many alerts and concerns in Mexico. Pemex announced measures to help in this difficult situation.

Wednesday, September 20th, 2017
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Pemex to increase transport costs

Pemex to increase transport costs

Pemex Logistica, subsidiary of Pemex, announced its plans and targets for next year in fuel transportation.

Tuesday, September 19th, 2017
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Pemex and its alleged shell companies

An investigation accuses Pemex of ‘money laundering’ through shell companies in tax havens.

Tuesday, September 19th, 2017
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Pemex’s budget cut threatens service industry

By 2018, Pemex could reduce its operating expenses by 31% (to MXN$29.2B), according to the Federal Expenditure Budget Project, which if approved, could jeopardize the finances of the NOC’s chain of suppliers.

Monday, September 18th, 2017
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Pemex will focus on five blocks

Pemex will focus on five blocks

Pemex has no budget to invest in a broad portfolio of projects, so it is implementing a strategy to focus on the most attractive blocks.

Thursday, September 14th, 2017
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Ku-Maloob-Zaap will start its natural decline

Ku-Maloob-Zaap will start its natural decline

Pemex metrics continues to fall in terms of production, and there is no solution at least for the short term. In fact, bad news keeps appearing for Pemex, as its main asset Ku-Maloob-Zaap is set to reduce its extraction.

Wednesday, September 13th, 2017
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