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Eye on Pemex

Working Pemex rigs at a historic low

Working Pemex rigs at a historic low

The NOC closed 2016 with bad numbers in all almost all its areas. Pemex rigs working were low compared to previous years. The majority of active rigs are offshore.

Thursday, April 20th, 2017
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PAN on oil theft

The federal deputy of the National Action Party (PAN), Jorge Ramos, reported that he met with Pemex management to learn about the NOC’s strategy to combat oil theft.

Thursday, April 20th, 2017
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Mexico looks to China to export oil

Mexico looks to China to export oil

The country is analyzing different markets to diversify its oil exports. The instability of its commercial relations with the United States and the production increase inthat country, have forced a strategy of markets diversification.

Wednesday, April 19th, 2017
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Mexico modernizes its refineries

Pemex has had many problems in its refineries due to lack of maintenance and investment. The company is working to solve this problem. The NOC has announced results forthe Miguel Hidalgo refinery.

Wednesday, April 19th, 2017
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Major Fields production

Major Fields production

Major oil fields of Mexico are few and Mexico depends heavily on these. Just one has increased its production other remain stable. Cantarell is the most worrisome case.

Tuesday, April 18th, 2017
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Private companies could replace Pemex’s transportation system

Pemex tanker trucks, which distribute fuel and diesel to the more than 11 thousand gas stations in the country, could be replaced by private transportation since they offer almost twice as much transport capacity than the NOC.

Tuesday, April 18th, 2017
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Mexico must find huge quantities of oil

Mexico must find huge quantities of oil

Monday, April 17th, 2017
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For the first time, Pemex receives imported diesel by rail

As a result of the permits granted by the Energy Regulatory Commission (CRE) during the last two years, for the first time, Pemex will receive imported diesel via rail.

Monday, April 17th, 2017
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Easter week operations were a success

Even though fuel theft is still one of Pemex’s biggest problems, Mexican authorities and Pemex’s personnel are acting to stop it. So far, Easter week operations were successful and led to the seizure of more than one thousand liters of illegal fuel.

Monday, April 17th, 2017
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Budget cuts in Mexican fields

Pemex is facing a difficult financial situation and low oil prices do not help. Now, the NOC and Mexican authorities will reduce the Capex budget of several important oil fields.

Wednesday, April 12th, 2017
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