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Eye on Pemex

CNH expands the Nobilis-Maximino block

CNH expands the Nobilis-Maximino block

Pemex requested the assignment of a new area to the Nobilis-Maximino farm-out announced a couple of weeks ago. The National Hydrocarbons Commission (CNH) approved it.

Friday, June 2nd, 2017
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Mexican reserves decrease again

Mexican reserves decrease again

The National Hydrocarbons Commission (CNH) reported Mexico reserves for 2016. As everybody expected, total reserves were less than 2015 figures.

 

Wednesday, May 31st, 2017
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Pemex CEO spoke at Pacific Alliance event

Jose Antonio González Anaya, CEO of Pemex, was present at the Infrastructure Seminar of the Pacific Alliance. He talked about the NOC’s plans and about investment opportunities in Mexico more generally. Representatives of Chile, Peru and Colombia were at the event.

Wednesday, May 31st, 2017
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Mexico’s production goal for 2030

Mexico’s production goal for 2030

The Mexican government created the Energy Reform to boost the oil industry and seize the potential in hydrocarbons resources. Oil production could reach historically high levels in a positive scenario in 2030, despite bad extraction metrics at present.

Tuesday, May 30th, 2017
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Companies announce their first oil sales in Mexico

The National Hydrocarbons Commission (CNH) issued an invoice to Argentina’s Hokchi consortium for the value of US$183,084, corresponding to a test production of 4.2mbbl of medium oil in a block the companies won in Round 1.2.

Tuesday, May 30th, 2017
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Pemex is on track to meet its oil target

Pemex is on track to meet its oil target

The company’s production metrics continue to decline. Pemex announced an additional drop in its oil production during April. The firm’s production target is 1,944mbd, according to its business plan for 2017-2021.

Friday, May 26th, 2017
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Budget cuts affected projects to face oil theft

Budget cuts affected projects to face oil theft

Fuel theft has increased in recent years and Pemex has projects to combat this problem but its budget is very low at present.

Thursday, May 25th, 2017
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Pemex CEO goes to the Middle East

Jose Antonio Gonzalez, CEO of Pemex, met with executives from Saudi Arabia and Kuwait’s biggest oil companies.

Thursday, May 25th, 2017
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CNH grants Pemex the Chachiquin block

The National Hydrocarbons Commission approved the block’s allocation to Pemex, but only if it develops the area with a partner.

Wednesday, May 24th, 2017
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Pemex must “take decisive measures”, says Board of Directors

Pemex must “take decisive measures”, says Board of Directors

Pemex’s Board of Directors pronounced on the company’s situation and gave recommendations for advancement in the coming years. The Board analyzed the firm’s performance during 2016.

Tuesday, May 23rd, 2017
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