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Eye on Pemex

González on refining

Pemex is facing tough times in almost all its business areas. Pemex aims to focus on oil production and leave the other businesses to private investors. José Antonio González Anaya, CEO of Pemex, talked about this issue.

Thursday, October 19th, 2017
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Pemex oil production

Pemex oil production

Pemex keeps showing no signs of recovery in its production metrics, and recent natural disasters aggravated the situation. The NOC published its preliminary extraction figures for September and these continue to decrease, this time at an even faster rate.

 

Wednesday, October 18th, 2017
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Natural disasters consequences

Mexico has suffered several natural disasters between earthquakes and hurricanes. These catastrophes have had many consequences affecting several sectors among them, the energy industry.

 

Wednesday, October 18th, 2017
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Pemex alliances

Pemex alliances

Pemex is betting on alliances with other companies to overcome the crisis it is currently facing and recover its operational and financial metrics. The expected investments by these associations are enormous.

Tuesday, October 17th, 2017
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Pemex propane production

Pemex propane production

Pemex keeps reporting red numbers in almost all its operational metrics; it seems like the company is justifying itself saying that it will focus on oil. Pemex propane production and imports are very low to meet local demand, leaving a big opportunity for other companies.

Monday, October 16th, 2017
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Gas market prospects

Pemex’s lack of capacity to produce gas opened many business opportunities for other companies and the country could continue to increase its dependence on imports. The National Center for Natural Gas Control (Cenegas) published its views on the gas market.

Monday, October 16th, 2017
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Pemex’s former directors criticized

An Op-Ed by Jonathan Ruiz, Carlos Rodriguez, Juan Spinetto and Adam Williams says that after the enactment of Energy Reform, the NOC’s ex-directors have not been made part of the new players that have bet on Mexico.

Monday, October 16th, 2017
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Pemex oil export challenges

Pemex oil export challenges

Pemex was reporting a recovery in its oil exports, thanks to its diversification strategy, but foreign political issues could affect these.

Thursday, October 12th, 2017
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SHCP stretch target for non-Pemex production

SHCP stretch target for non-Pemex production

Mexico has problems in its oil production, especially because of Pemex’s difficult situation. However, the success of the past oil rounds has generated many expectations about a recovery in this issue. The Ministry of Finance and Public Credit (SHCP) published its forecast of non-Pemex production.

Wednesday, October 11th, 2017
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Pemex invests 40% more in Pemex Fertilizantes

Although the fertilizer business has only generated losses, the firm wants to increase this activity’s budget by 40% in 2018.

Wednesday, October 11th, 2017
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