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Eye on Pemex

US$400M for onshore fields

Of the 25 licensed agreements, one is currently stopped due to a force majeure request, and 15 were already being developed by Pemex.

Tuesday, August 1st, 2017
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Pemex could spinout telecommunications infrastructure

Pemex is analyzing several alternatives to return to having good financial and operational metrics. The company has an extensive infrastructure in telecommunications and the NOC is analyzing options in this business.

Tuesday, August 1st, 2017
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Pemex reports positive net income again

Pemex reports positive net income again

Pemex announced its financial results for 2Q17, highlighting positive profits, stable oil production and decreased natural gas flaring. The firm has had good financial performance during this year so far.

Monday, July 31st, 2017
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Tabasco has few certified companies

The excellent results from the last rounds have raised expectations of a possible recovery of the Mexican oil sector. However, this has created several challenges to face as well. International certifications is one of the main challenges.

Monday, July 31st, 2017
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Pemex does not trust the STPRM

Unfortunately, the NOC was forced to develop control tests for members of the Mexican Republic Oil Workers Union (STPRM) because irregularities related to oil theft and misdirection of funds kept happening.These and other stories in our periodic summary of labor-related issues.

 

Wednesday, July 26th, 2017
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Pemex is producing less than 2,000mbd

Pemex is producing less than 2,000mbd

Pemex problems continue to affect its metrics and prospects. Oil production, the most important metric, continues to fall to historically low figures.

Tuesday, July 25th, 2017
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Pemex only responded to 30 out of 210 requests from INAI

The National Institute for Access to Information and Protection of Personal Data (INAI) asked Pemex for information on its subcontracted employees, but the NOC declared most of the required information as “non-existent.”

Tuesday, July 25th, 2017
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Pemex reduces its workforce

Pemex has had to face difficult times with several budget cuts and its workforce is one of the most affected. The NOC reported a large staff reduction in the area of exploration and production.

Tuesday, July 25th, 2017
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Pemex recommended to make PACMA details public

According to the National Institute of Transparency, Access to Information and Protection of Personal Data (INAI) Pemex must disclose data about those benefiting from the Program of Support to the Community and Environment (PACMA), between January 2016 and May 2017.

Tuesday, July 11th, 2017
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Fitch on Mexican oil industry

Fitch on Mexican oil industry

The country has signed many exploration and production contracts to boost the oil sector, since it is facing tough times. Pemex production has fallen and will continue this tendency in the short and medium term. Fitch talked about the sector and its perspectives.

 

Wednesday, July 5th, 2017
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