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Eye on Pemex

Pemex fuel sales record

Pemex fuel sales record

The Mexican government started the process of liberalizing gasoline prices last year. Officials argued that it would benefit the final consumer mainly, but Pemex has been the winner, at least in terms of revenues.

Thursday, June 28th, 2018
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Pemex fuels production

Pemex fuels production

Pemex reported its production for May, and it continues to show poor performance, increasing dependence on imports. The National Chamber of Cargo Transport (Canacar) spoke about the main concerns of fuel transporters.

Wednesday, June 27th, 2018
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Experts comment on importing oil

Experts comment on importing oil

Pemex plans to import light crude due to its low production performance, arguing that this would help improve its refining metrics. This has generated several discussions about the consequences of this alternative.

Tuesday, June 26th, 2018
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Pemex’s farm outs

Pemex’s main strategy to solve its operational crisis is to associate with private companies. José Antonio Escalera, Exploration Director of Pemex, spoke about the NOC’s plans on this issue for this year.

Thursday, June 21st, 2018
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Pemex rig count

Pemex rig count

Pemex published the number of drill rigs in operation during April 2018. This important metric is still at historically low levels, but the company reported an improvement.

Thursday, June 14th, 2018
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Pemex investments in Tabasco, at risk?

According to industry experts, during the last 5 years, Pemex stopped investing in Tabasco, mainly in E&P activities, which create the most jobs.

Thursday, June 14th, 2018
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Treviño prepares for a change in boss

The CEO of Pemex, Carlos Alberto Treviño, gave a long, wide-ranging interview to El Universal where the focus, unsurprisingly, was on what will happen on December 1st when Mexico has a new President.

Tuesday, June 12th, 2018
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Farmers awaiting word on Las Choapas

A local Veracruz website is reporting that Pemex has halted all activity in the area, despite having everything lined up for a major project.

Monday, June 11th, 2018
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Pemex falling behind… again

Pemex falling behind… again

Pemex received most of the Mexican fields in the Zero round, with the commitment to conduct an aggressive exploration and drilling campaign. However, the NOC has not been able to meet expectations and its compliance percentage is very low so far, generating concerns among Mexican authorities.

Thursday, June 7th, 2018
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Producing wells in operation

Producing wells in operation

Pemex has not managed to overcome its operational and financial crisis despite the fact that oil prices have increased in recent months. The number of producing wells in operation has decreased in recent years as a result of this crisis.

Wednesday, June 6th, 2018
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