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Eye on Pemex

Pemex plan to reduce its deficit

Pemex plan to reduce its deficit

Pemex’s operational crisis has forced it to increase imports to serve the local market, affecting its finances. This has led to a substantial increase in Pemex’s deficit, but the firm has a plan to reduce it and has set a challenging goal for 2018.

Thursday, September 13th, 2018
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Pemex natural gas production in July

Pemex natural gas production in July

Pemex continues to report poor production metrics, aggravating the crisis in the sector. The NOC reported natural gas production metrics for July, showing a slight recovery compared to previous month, but insufficient to solve the current crisis.

Tuesday, September 11th, 2018
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Pemex block reported production record

Pemex block reported production record

Pemex is facing a difficult financial and operational situation at present, but not all the news are bad for the company. The firm reported that a block in Veracruz is performing well in production terms.

Thursday, September 6th, 2018
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Pemex’s investment decreases yet again

Investment is one of the most important metrics to overcome any operational crisis, but Pemex has no budget to do so. The NOC keeps reducing its investment, aggravating its current situation.

Thursday, September 6th, 2018
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SHCP on Pemex dividends

Pemex is facing a difficult operational and financial situation and the government created Energy Reform to help the NOC, but it has not been enough. The Secretariat of Finance and Credit Public (SHCP) made a proposal to reduce Pemex obligations and thus help the company to overcome its crisis.

Tuesday, September 4th, 2018
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Pemex and the fuel market

Pemex and the fuel market

Pemex has reported several problems in its refiners, increasing its dependence on fuel imports to supply the Mexican market. Justo Fernández Chedraui, President of the Association of Service Stations of the East, spoke about the gasoline market and the NOC.

Monday, September 3rd, 2018
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Pemex needs help

Pemex continues to face a difficult financial and operational situation, reducing its prospects for the medium and long term. The current government created Energy Reform to help the NOC, but Pemex needs more than it.

Thursday, August 30th, 2018
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Fertilizers are yet another Pemex problem

Pemex is facing a difficult situation in all its business areas with multiple challenges to overcome. Fertilizer imports are growing due to NOC’s lack of production capacity.

Wednesday, August 29th, 2018
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Pemex oil production in July

Pemex oil production in July

Pemex is getting further away from the 2,000mbd target every month, and the poor trend continues, without a possible solution in the short term. The company published extraction figures for July.

Tuesday, August 28th, 2018
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Green light for unconventionals?

For Fluvio Ruiz Alarcón, new director of Pemex Exploracion y Produccion (PEP), increasing Pemex’s production implies a call to develop unconventional resources.

Tuesday, August 28th, 2018
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