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Eye on Pemex

Pemex reported huge savings in the purchase of goods and services

The company needs to improve its deteriorating finances, so it implemented efficiency strategies in its contracting processes. The NOC reported positive results from this effort.

Tuesday, March 28th, 2017
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CFE and Pemex are the highest consumers of gas natural

CFE and Pemex are the highest consumers of gas natural

Mexico has a high consumption of gas natural and it needs big investments to be able to supply the country. The Federal Electricity Commission (CFE) and Pemex are the highest consumers of gas natural.

Monday, March 27th, 2017
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Pemex investigates former director for Odebrecht scandal

Pemex’s Board of Directors will investigate former director Emilio Lozoya Austin’s administrative management.

Monday, March 27th, 2017
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Pemex audit reveals inconsistences

Energy Reform forced Pemex to make major changes in its structure. The company contracted several consultants to perform this process correctly but the cost of this was huge; some contracts shows inconsistences.

Monday, March 20th, 2017
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Pemex fighting environmental lawsuits

Pemex fighting environmental lawsuits

Pipeline thefts in Mexico have caused large amounts of contamination and environmental authorities are suing Pemex to for compensatory damages. The firm seeks to avoid this.

Friday, March 17th, 2017
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Pemex invests in Cantarell

Pemex invests in Cantarell

The Cantarell field began to produce almost 40 years ago and is still vital for total production. Pemex wants to take advantage of Energy Reform to invest in this block.

Friday, March 17th, 2017
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Ecopetrol and Pemex to develop projects together

Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P

Wednesday, March 15th, 2017
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CNH signs last Round One contracts

CNH signs last Round One contracts

The National Hydrocarbons Commission (CNH) announced the signature of the last of the Round One contracts . These agreements are the product of the fourth tender and are the most profitable signed so far.

Tuesday, March 14th, 2017
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MMEX Resources Corp plans to build a refinery in Texas

Texas-based MMEX Resources Corp aims to gather US$450M to build a refinery in Pecos County in Texas, to export diesel and gasoline to western Mexico.

Tuesday, March 14th, 2017
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Possible corruption in Pemex 

Mexican officials have suspended some Pemex officials for potential corruption. The company reported on this issue.

Tuesday, March 14th, 2017
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