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Eye on Pemex

Pemex breaches Round Zero commitments (again)

Pemex breaches Round Zero commitments (again)

Energy Reform opened the doors of the Mexican oil market to private investment, but authorities gave the best fields to Pemex in Round Zero anyways. The NOC made several investment commitments in E&P, but has not been able to fulfill them.

Thursday, July 11th, 2019
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Pemex after Urzua

Former Finance Secretary (SHCP), Carlos Urzúa, left his position, putting even more pressure on the NOC’s financial situation.

 

Thursday, July 11th, 2019
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Pemex in the Campeche probe

The NOC celebrated the 40th anniversary of its production activities in Campeche by announcing important investments in the area.

 

Thursday, July 11th, 2019
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Propane prices

Propane prices

The Energy Regulatory Commission (CRE) reported propane prices for the first fifteen days of June 2019. This metric has been showing a decrease in recent months.

Wednesday, July 10th, 2019
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Pemex monopoly in shallow waters is over

Energy Reform allowed the entry of new players to the Mexican oil industry, ending Pemex’s monopoly of more than 80 years. Italy’s ENI announced major advances in an offshore project.

Wednesday, July 10th, 2019
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Oil companies’ offshore projects

Oil companies’ offshore projects

President Andrés Manuel López Obrador (AMLO) argued that companies have not generated benefits for Pemex or for the national oil sector. New players are proving him wrong.

Tuesday, July 9th, 2019
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Pemex’s new move

Pemex is developing a risky offshore project in the Gulf of Mexico, despite saying that it would concentrate its limited resources in areas where it has more experience.

 

Tuesday, July 9th, 2019
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SFP talks Pemex

President Andres Manuel Lopez Obrador (AMLO) said that eliminating corruption within the NOC will be one of his main priorities. This is what the Public Function Secretary (SFP) had to say.

 

Tuesday, July 9th, 2019
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Clandestine taps increased

Clandestine taps increased

Pemex reported the number of clandestine taps in its pipelines during the January – May 2019 period. This problem increased compared to same period last year, despite the government’s strategy to reduce it.

Monday, July 8th, 2019
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Pemex and STPRM talk Labor Convention Agreement

Representatives from the Mexican Republic Oil Workers Union (STPRM) met with CEO Octavio Romero, to discuss the next Collective Agreement. These and other stories in our periodic summary of labor-related issues.

 

Monday, July 8th, 2019
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