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Eye on Pemex

Madero refinery loses competitiveness

Madero refinery loses competitiveness

Pemex has many problems in its refineries. Several of them have operational problems. The Madero refinery is one of the most affected in the country.

Monday, March 13th, 2017
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Pemex cuts investment in natural gas

The National Hydrocarbons Commission (CNH) said that the NOC reduced its natural gas investment by 15% .

Wednesday, March 8th, 2017
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Pemex to improve infrastructure in Veracruz

The lack of infrastructure is one of Mexico’s greatest weaknesses. Pemex is aware of this and wants to start developing projects to improve infrastructure in the country.

Tuesday, March 7th, 2017
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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
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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
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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
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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
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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
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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
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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
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