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Eye on Pemex

Mexico’s energy future

PricewaterhouseCoopers (PwC) spoke about Mexico’s opportunities and challenges when it comes to reactivating its energy industry.

Tuesday, August 7th, 2018
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Pemex wells drilled

Pemex wells drilled

Pemex reported exploration and development wells drilled figures during June this year. This metric has recovered some lost ground, but it continues to show poor performance compared to previous years.

Wednesday, August 1st, 2018
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Pemex oil production in June

Pemex oil production in June

Pemex is getting further away from the 2,000mbd target every month, and the poor trend continues, without a possible solution in the short term. The company published extraction figures for June and the firm will find it even harder to achieve its targets.

Tuesday, July 31st, 2018
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Next Pemex CEO

President-elect Andres Manuel Lopez Obrador (AMLO) announced the next president of Pemex during his administration. In addition, AMLO announced names for other agencies in the Mexican energy sector as well.

Tuesday, July 31st, 2018
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Pemex 2Q18 results

Pemex 2Q18 results

Pemex announced its financial and operational results for the second quarter of the year, highlighting positive performance in key metrics such as investment, total sales and increased natural gas use, among others. However, the firm reported a huge net loss in this quarter.

Monday, July 30th, 2018
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Two refineries in crisis

Two refineries in crisis

Pemex continues to report a severe crisis in the refining sector, especially due to constant operational problems in its refineries. Andrés Manuel López Obrador (AMLO) has big plans for this industry, but the challenges will be difficult to overcome.

Thursday, July 26th, 2018
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Pemex problems increase

Pemex continues to face several problems in almost all its business areas, without a possible solution in the short term. The NOC now faces a new problem with transporters caused by its refining crisis.

Thursday, July 26th, 2018
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Petrochemicals production

Petrochemicals production

Pemex reported its petrochemicals production in May, and this metric has shown good behavior during this year. However, current levels are low compared to previous years, generating an increase in imports.

Tuesday, July 24th, 2018
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Pemex alliances at risk?

Pemex main strategy to recover its operational and financial metrics is to sign alliances with private companies. However, the arrival of Andrés Manuel López Obrador (AMLO) could affect the NOC’s plans.

Tuesday, July 24th, 2018
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AMLO will receive an indebted Pemex

AMLO will receive an indebted Pemex

President-elect, Andrés Manuel López Obrador (AMLO) has big plans for the energy sector and Pemex especially. However, the NOC is facing a difficult situation in operational and financial terms. Pemex debt is one of the main challenges for the next government.

Thursday, July 19th, 2018
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