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Eye on Pemex

Round 2.4 was a success

Round 2.4 was a success

The National Hydrocarbons Commission (CNH) tendered 29 blocks last Wednesday in the Round 2.4. The results of this auction surpassed the government’s expectations, managing to award several blocks. Major industry players participated actively in this round.

Thursday, February 1st, 2018
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Pemex negotiates its participation in the Zama 1

The block is the most important discovery since the start of Energy Reform and would have 2Bbl. CEO Carlos Treviño also spoke about the firm’s plans for 2018.

Thursday, February 1st, 2018
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Pemex fuel products income increased in 2017

Pemex fuel products income increased in 2017

The government liberalized the gasoline market last year, eliminating subsidies so others could compete, but this caused an increase in prices, generating much social discontent. However, it did help Pemex improve its fuel revenues.

Wednesday, January 31st, 2018
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Pemex production prospects

Pemex production prospects

Pemex has been reporting a constant fall in its oil production during several years and this tendency could continue in the short and medium term. The Mexican Association of Hydrocarbons Companies (AMEXHI) is pessimistic about the behavior of this metric in the future, but Carlos Treviño, Pemex CEO, believes that the negative trend will change in a couple of years.

Monday, January 29th, 2018
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Pemex to expand its operations abroad

The NOC’s CEO, Carlos Treviño Medina, will participate in the World Economic Forum in Davos (Switzerland), to explore business opportunities for the firm and present the benefits of Energy Reform in Mexico.

Friday, January 26th, 2018
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Pemex and government’s security strategy

Insecurity is one of the main concerns of the Mexican oil sector. The government and Pemex announced measures to reduce crimes against the industry.

Friday, January 26th, 2018
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Pemex production could fall 9.5% in 2017

Pemex production could fall 9.5% in 2017

Pemex has been reporting poor figures in its production metrics for several years and this behavior could continue in the short and medium term. The company published its first production estimates for 2017.

Wednesday, January 24th, 2018
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Pemex fails to comply with safety regulations

Ciudad Madero’s City Council reported that Pemex failed to comply with security regulations for storage and transportation of fuels and hazardous materials, jeopardizing the safety of the municipality’s inhabitants.

Monday, January 22nd, 2018
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Pemex natural gas production

Pemex natural gas production

Pemex operational metrics keep showing poor performance and there is no short-term solution has been found so far. The company reports a gas production below 5,000mmcfd, but the positive side is that this metric has increased for two months in a row.

Thursday, January 18th, 2018
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Oil trade balance to break records

Oil trade balance to break records

Mexico had a positive trade balance in the energy sector some years ago. However, Pemex’s crisis changed this situation and the country is increasing its dependence on imports every single day.

Tuesday, January 16th, 2018
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