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Eye on Pemex

“Pemex will keep its strategy and sexennial adjustments”: Treviño

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.

Thursday, November 30th, 2017
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González results in Pemex

González results in Pemex

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.

Tuesday, November 28th, 2017
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Pemex has a new CEO

Pemex’s Corporate Director of Administration Services, Carlos Alberto Treviño Medina, was named the NOC’s new CEO.

Tuesday, November 28th, 2017
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Pemex will reduce its participation in Nobilis-Maximino

The NOC announced that it will reduce its participation in the Nobilis-Maximinoblock, located in the Gulf of Mexico, to 40%.

Monday, November 27th, 2017
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Pemex fuel sales vs import costs

Pemex fuel sales vs import costs

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.

Thursday, November 23rd, 2017
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Oil production down again in September

Oil production down again in September

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.

Tuesday, November 21st, 2017
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Pemex oil exports

Pemex oil exports

Pemex reported an increase in its exports in 3Q17 compared to previous quarter, but this behavior was not enough to calm concerns about the company’s situation. In fact, buyers are increasingly concerned.

Tuesday, November 14th, 2017
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Pemex’s discovery might save the day

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.

Tuesday, November 7th, 2017
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Pemex has done fracking in Veracruz for 20 years

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.

Thursday, November 2nd, 2017
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Gas production in free fall

Gas production in free fall

Pemex has been unable to stabilize its gas production and recent natural events worse the situation. The Northwest offshore region reported the biggest drop.

 

Wednesday, November 1st, 2017
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