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Eye on Pemex

Oil exports in May

Oil exports in May

Pemex reported oil exports figures for May and these had a good performance compared to last year. The United States remains as the principal destination for Mexican crude, and the Far East continues in second place, reporting a considerable increase.

Wednesday, July 4th, 2018
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Pemex oil production in May

Pemex oil production in May

Pemex continues to report oil production below 2,000mbd, and the bad trend continues, as this metric decreased compared to previous month. The company published extraction figures for May and the firm will find it even harder to achieve its targets.

Tuesday, July 3rd, 2018
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AMLO Wins! What comes next?

AMLO Wins! What comes next?

To absolutely no one’s surprise, Andrés Manuel López Obrador (AMLO) won yesterday’s Mexican Presidential elections decisively. The other candidates conceded even before the count started, based on exit polls. He gave two victory speeches last night, one to the press and one to his supporters. We stayed up and watched them both and have a brief summary of the key messages.

Monday, July 2nd, 2018
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“We see the Round with optimism”: Hernández

Pemex’ new director of Resources, Reserves and Associations, Ulises Hernadez, spoke of why the NOC is optimistic about Round 3.2.

Monday, July 2nd, 2018
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Pemex fuel sales record

Pemex fuel sales record

The Mexican government started the process of liberalizing gasoline prices last year. Officials argued that it would benefit the final consumer mainly, but Pemex has been the winner, at least in terms of revenues.

Thursday, June 28th, 2018
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Pemex fuels production

Pemex fuels production

Pemex reported its production for May, and it continues to show poor performance, increasing dependence on imports. The National Chamber of Cargo Transport (Canacar) spoke about the main concerns of fuel transporters.

Wednesday, June 27th, 2018
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Experts comment on importing oil

Experts comment on importing oil

Pemex plans to import light crude due to its low production performance, arguing that this would help improve its refining metrics. This has generated several discussions about the consequences of this alternative.

Tuesday, June 26th, 2018
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Pemex’s farm outs

Pemex’s main strategy to solve its operational crisis is to associate with private companies. José Antonio Escalera, Exploration Director of Pemex, spoke about the NOC’s plans on this issue for this year.

Thursday, June 21st, 2018
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Pemex rig count

Pemex rig count

Pemex published the number of drill rigs in operation during April 2018. This important metric is still at historically low levels, but the company reported an improvement.

Thursday, June 14th, 2018
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Pemex investments in Tabasco, at risk?

According to industry experts, during the last 5 years, Pemex stopped investing in Tabasco, mainly in E&P activities, which create the most jobs.

Thursday, June 14th, 2018
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