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Eye on Pemex

‘Harvey’ threatens fuel supply in Mexico

According to the United States Environmental Safety and Compliance Bureau (BSEE), as a result of the ‘Harvey’ hurricane, 86 oil and gas platforms in the Gulf of Mexicohave been evacuated.

Monday, August 28th, 2017
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Pemex to develop maintenance routine at the Madero Refinery

The NOC’s new strategy to meet its 2017-2021 business plan is based on increasing gasoline and diesel production, so it will develop a major maintenance routine at its refinery in Ciudad Madero.

Thursday, August 24th, 2017
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SHCP extends tax benefits

The Ministry of Finance and Public Credit (SHCP) announced fiscal measures to boost the oil sector, benefiting Pemex and its partners.

Tuesday, August 22nd, 2017
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Moody’s and Fitch on Pemex’s financial situation

The Rating Agencies spoke on the implications that the government’s heavy fiscal burden has on Pemex.

Tuesday, August 22nd, 2017
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Pemex fails to meet Round Zero goals

Pemex fails to meet Round Zero goals

The Mexican government granted several blocks in Round Zero to Pemex to guarantee that the company continued to be the main player in the oil sector after Energy Reform. The company also acquired goals for these blocks but the firm has failed to meet most of them.

Thursday, August 17th, 2017
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Pemex wants to exchange oil

Mexico needs lighter oil to increase processing and distillation levels at a number of plants that are struggling to increase their profitability, said Pemex Industrial Transformation Manager Carlos Murrieta.

Thursday, August 17th, 2017
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Pemex expects huge profits during next 15 years

Pemex expects huge profits during next 15 years

Pemex has had low operating and financial revenues in recent years. The Mexican government created Energy Reform to help recover the company’s metrics and boost the Mexican oil sector. Pemex is very optimistic about its financial performance for the coming years.

Wednesday, August 16th, 2017
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Wells drilled continue to grow

Wells drilled continue to grow

The Secretary of Energy (Sener) reported exploration and development wells drilled figures during second quarter of this year. This metric showed a rise compared to the prior quarter, but current figures are low, compared to previous years.

 

Monday, August 14th, 2017
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Gas production keeps its negative tendency

Gas production keeps its negative tendency

Pemex has been unable to stabilize its gas production in the country and imports have gained share to supply local demand. Non-associated gas production is falling swiftly and associated gas as well, but more slowly.

Thursday, August 10th, 2017
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Pemex looks for alliances in Latin America

Pemex announced that it is looking for business opportunities in different Latin American countries to diversify its exploration portfolio by 2021.

Thursday, August 10th, 2017
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