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Eye on Pemex

Pemex will receive MXN$18B less in 2018

This budget cut would represent 4.6% less for the NOC, compared to the resources it received in 2017.

Monday, September 11th, 2017
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Pemex to reduce production in Ku-Maloob-Zaap

Pemex to reduce production in Ku-Maloob-Zaap

Ku-Maloob-Zaap is Pemex’s main asset of at present, as it is producing more than 800mbd. Pemex plans to make investments and maintenance work to leverage this important block. The company announced a temporary reduction in production in this area.

Thursday, September 7th, 2017
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Pemex invests less in E&P

Pemex invests less in E&P

Pemex continues to reduce its budget to invest in exploration and production, the key activity to increase its metrics. The company reduced the resources destined to exploration, production and industrial transformation.

Wednesday, September 6th, 2017
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“The oil and gas business depends on alliances”: González

Pemex’s CEO, Jose Antonio González, talked about the company’s current situation, politics, corruption and what can be done to improve the financial situation of the firm.

Tuesday, September 5th, 2017
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Pemex production keeps its negative tendency

Pemex production keeps its negative tendency

Pemex extraction figures are getting lower and lower and this tendency will continue for a while. The NOC’s strategy is partnering with private companies to confront this situation.

Monday, September 4th, 2017
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Companies interested in upcoming farm-outs

Pemex main strategy, to solve its financial and operational problems, is partnering with private companies. The NOC announced new farm-outs to explore and produce oil in Mexico and several firms are interested.

Monday, September 4th, 2017
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Harvey’s effect on Mexico’s supply

The American side of the Gulf Coast, where about half of Mexico’s refined products come from, suspended the processing of 2.7mmbd, or more than 25% of its total production.

Monday, September 4th, 2017
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Pemex calls for a 20% reduction in natural gas consumption

As a result of Hurricane Harvey, Pemex Industrial Transformation (PTRI) requested a 20% reduction in natural gas consumption to its customers, “due to force majeure.”

Thursday, August 31st, 2017
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Sener extends Pemex contracts

Pemex has failed to meet goals in several blocks granted in Round Zero and the Energy Secretariat (Sener) could take these areas away from the oil firm. The entity pronounced on this situation.

Tuesday, August 29th, 2017
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Hacienda on oil industry

Hacienda on oil industry

José Antonio Meade, Secretary of Finance and Public Credit, spoke about the situation of the Mexican oil sector. The government is optimistic about the industry activity in the future.

Monday, August 28th, 2017
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