The new Pemex CEO said that the NOC’s production goals will remain the same, as well as the strong coordination it has had with government entities for the past years.
José Antonio González Anaya finished his period as CEO of Pemex to become Finance Secretary (Hacienda). Like his predecessors, he spent little time in this position but left results. Experts talked about the appointment of the new director.
The NOC announced that it will reduce its participation in the Nobilis-Maximinoblock, located in the Gulf of Mexico, to 40%.
The government started the prices liberalization process in the fuel market this year. This procedure has benefited volume, as its fuel sales increased, but we wonder if the NOC has seen any benefit from this process. We analyze its sales and import costs.
The oil production situation is getting worse in Mexico. The National Hydrocarbons Commission (CNH) reported extraction figures for September this year, and this metric showed a new decrease, with no signals of recovery.
President Enrique Peña Nieto announced the discovery of a new oil field near Cosamaloapan (Veracruz), with a volume of more than 1.5Bbl of resource and 350mmbbl of proven, probable and possible reserves.
The Mexican Alliance Against Fracking denounced that for decades, the NOC has drilled wells using fracking, without any regulation to avoid possible environmental and health damages.