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Eye on Pemex

Pemex audit reveals inconsistences

Energy Reform forced Pemex to make major changes in its structure. The company contracted several consultants to perform this process correctly but the cost of this was huge; some contracts shows inconsistences.

Monday, March 20th, 2017
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Pemex fighting environmental lawsuits

Pemex fighting environmental lawsuits

Pipeline thefts in Mexico have caused large amounts of contamination and environmental authorities are suing Pemex to for compensatory damages. The firm seeks to avoid this.

Friday, March 17th, 2017
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Pemex invests in Cantarell

Pemex invests in Cantarell

The Cantarell field began to produce almost 40 years ago and is still vital for total production. Pemex wants to take advantage of Energy Reform to invest in this block.

Friday, March 17th, 2017
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Ecopetrol and Pemex to develop projects together

Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P

Wednesday, March 15th, 2017
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CNH signs last Round One contracts

CNH signs last Round One contracts

The National Hydrocarbons Commission (CNH) announced the signature of the last of the Round One contracts . These agreements are the product of the fourth tender and are the most profitable signed so far.

Tuesday, March 14th, 2017
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MMEX Resources Corp plans to build a refinery in Texas

Texas-based MMEX Resources Corp aims to gather US$450M to build a refinery in Pecos County in Texas, to export diesel and gasoline to western Mexico.

Tuesday, March 14th, 2017
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Possible corruption in Pemex 

Mexican officials have suspended some Pemex officials for potential corruption. The company reported on this issue.

Tuesday, March 14th, 2017
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Madero refinery loses competitiveness

Madero refinery loses competitiveness

Pemex has many problems in its refineries. Several of them have operational problems. The Madero refinery is one of the most affected in the country.

Monday, March 13th, 2017
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Pemex cuts investment in natural gas

The National Hydrocarbons Commission (CNH) said that the NOC reduced its natural gas investment by 15% .

Wednesday, March 8th, 2017
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Pemex to improve infrastructure in Veracruz

The lack of infrastructure is one of Mexico’s greatest weaknesses. Pemex is aware of this and wants to start developing projects to improve infrastructure in the country.

Tuesday, March 7th, 2017
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