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Eye on Pemex

Pemex’s offshore platform management failure

Pemex had high expectations for an offshore platform on the coast of the State of Campeche, but the company could not start operations in this facility. The Superior Audit of the Federation (ASF) published a report on this issue.

Thursday, March 8th, 2018
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Pemex to look for more partners

Pemex to look for more partners

Pemex aims to sign several associations to recover its poor performance in the medium and long term. The company has big expectations in the Nobilis-Maximino and Ayin Batsil blocks, but the NOC could not find a partner to develop these areas. Carlos Treviño, CEO of Pemex, talked on this issue and the alliances strategy.

Wednesday, March 7th, 2018
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Pemex oil exports

Pemex oil exports

Pemex managed to recover its performance in oil exports, after these fell sharply in 2016 as a result of low oil prices. However, the company started 2018 with mixed results, as exports increased compared to same period last year, but decreased compared to December 2017.

Tuesday, March 6th, 2018
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Refining production will improve

Refining production will improve

Pemex’s crisis has extended to all business areas, but refining has been one of the most affected by this situation. However, the NOC is optimistic about refining performance this year.

Monday, March 5th, 2018
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Pemex’s digital transformation plan

The company is working on a digital transformation to improve its information security and facilitate relations with its partners. Rodrigo Becerra Mizuno, Corporate Director of Information Technology at Pemex, and Carlos Treviño, CEO of Pemex, spoke on this topic.

Monday, March 5th, 2018
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Pemex January fuel production

Pemex January fuel production

Pemex reported its fuel production in January this year; as expected, this metric decreased. The Company continues to increase its dependence on imports to serve local demand.

Thursday, March 1st, 2018
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Pemex results in 2017

Pemex results in 2017

Pemex announced its financial results for 2017, highlighting that the firm surpassed its production target and it is levering Energy Reform’s tools to overcome its problems. The company reported stable finances and operating improvements in 2017.

Wednesday, February 28th, 2018
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Exploration drilling up in 2017

Pemex’s crisis affected the economy of many Mexican oil regions. However, some key metrics, such as exploration wells drilled, recovered slightly, benefiting the country and operating areas.

Wednesday, February 28th, 2018
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Pemex’s management meets with investors in NYC

Pemex’s CEO, Carlos Treviño, and Secretary of Finance and Public Credit (SHCP), José Antonio González, will meet with investors in New York to discuss the political uncertainty that Mexico is facing before presidential elections.

Wednesday, February 28th, 2018
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Pemex production remains below 2,000mbd

Pemex production remains below 2,000mbd

Pemex reported its oil extraction figures for January 2018 and the firm managed to increase this metric compared to previous month. However, production is still below the 2,000mbd target.

Tuesday, February 27th, 2018
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