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Eye on Pemex

Natural gas production crisis continues

Natural gas production crisis continues

Pemex continues to report poor production metrics, aggravating the crisis in the sector. The NOC reported natural gas production metrics for June, showing a slight recovery, but insufficient to solve the current crisis.

Tuesday, August 21st, 2018
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PEP new director named

Fluvio Ruiz Alarcón was elected by AMLO’s government as the new director of Pemex Exploracion y Production (PEP).

Tuesday, August 21st, 2018
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Pemex fuel production keeps decreasing

Pemex fuel production keeps decreasing

Pemex reported its production for June, and it continues to show poor performance, increasing dependence on imports and China is leveraging this situation.

Friday, August 17th, 2018
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Refineries problems continue

Pemex has had several problems in its refineries, affecting its production metrics in recent years. The NOC has carried out maintenance routines in these facilities, but the problems continue.

Friday, August 17th, 2018
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Pemex imports up year-over-year

Pemex imports up year-over-year

Pemex has had to increase import levels in almost all its business areas to attend the local market due to its operational problems. The company reported import volumes for 2Q18, with a huge year-over-year growth in petrochemicals imports.

Thursday, August 16th, 2018
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Controversy over Pemex executives continues

AMLO’s team will have different challenges ahead of them, starting by naming Pemex’s managers in the midst of a financial crisis.

Thursday, August 16th, 2018
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Treviño on Pemex situation

Pemex is going through a difficult financial situation, but an analysis by Marco A. Mares, and Carlos Treviño, CEO of Pemex, concluded that the NOC is in the right track to recover lost ground.

Wednesday, August 15th, 2018
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Pemex exports in June

Pemex exports in June

Pemex reported oil export figures for June and these decreased compared to previous month, but this metric had a good performance in the first half of the year. Shipments increased considerably to the United States, counteracting decreases to other regions. The Far East continues as the second destination for Mexican crude.

Tuesday, August 14th, 2018
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“Pemex is violating the law by implementing fracking”: Peña

Researcher and professor at San Luis Potosí College, Francisco Peña, said that Pemex will develop wells in San Luis Potosí using fracking, which violates international standards.

Tuesday, August 14th, 2018
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Comener on Pemex

The Mexican Energy Council (Comener) spoke about Pemex’s situation and its possible changes with the arrival of the new president Andrés Manuel López Obrador (AMLO). The association gave some recommendations to improve the situation of the NOC.

Tuesday, August 14th, 2018
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