Search for your article of interest

Eye on Pemex

Everything is set to develop Trion

Pemex signed its first farm-out contract with Australia’s BHP Billiton to develop the Trion field.

Monday, March 6th, 2017
Usefulness:

Oil theft increases 187% annually

Federal deputy Eukid Castañón, said prison sentences and sanctions for those involved in oil theft networks are not enough to fight the crime.

Thursday, March 2nd, 2017
Usefulness:
Pemex improves its finances

Pemex improves its finances

The NOC published the results for 2016. The company reported a substantial improvement in operating profit and reduced its net loss.

 

Wednesday, March 1st, 2017
Usefulness:

Important oil companies secure their quota in Round 2.1

There are 23 firms that have already paid the US$440,000 cost of accessing seismic data from the 15 fields of the Quetzalcoatl Belt and the Salto Isthmus off the coasts of Veracruz, Tabasco, and Campeche.

Tuesday, February 28th, 2017
Usefulness:
Number of wells drilled recovers slightly

Number of wells drilled recovers slightly

Wells drilled in Mexico reported an increase in 4Q16 compared to the quarter. But, comparing current data with previous years the figure is historically low, according to the Energy Information System of the Energy Secretary (Sener).

Monday, February 27th, 2017
Usefulness:

Tabasco operators ready to work

The Mexican Employers’ Association (Coparmex) said that local oil-service companies are prepared to work with winning bidding corporations.

Thursday, February 23rd, 2017
Usefulness:

Standard & Poor’s assigns BBB + rating to Pemex bond issues in euros

Standard & Poor’s Global Ratings assigned a ‘BBB+’ rating to Pemex’s new senior unsecured notes, for a total of €4.3B.

Tuesday, February 21st, 2017
Usefulness:

The oil industry contributed only 16.3% of Mexico’s revenues during 2016

Mexican oil revenues accounted for only 16.3% of the country’s finances in 2016, for a total of MXN$789.7B; a 9% reduction compared to 2015.

Tuesday, February 21st, 2017
Usefulness:

Will Pemex be responsible for fuel theft from its pipelines?

Pemex announced it would be responsible in case fuel theft takes place in its transportation infrastructure. However, according to the CRE, if the NOC proves it did everything to prevent it from happening, companies would not be compensated.

Thursday, February 16th, 2017
Usefulness:

Gas pipeline investment moves quickly

One of Energy Reform goals was to attract investment to improve the sector’s infrastructure in Mexico. The Energy Regulatory Commission (CRE) announced that gas pipeline investments have advanced satisfactorily.

Thursday, February 16th, 2017
Usefulness: