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Eye on Pemex

Pemex has not imported crude from USA

Mexico a year ago obtained a permit to import crude from the United States. Pemex has not brought a single barrel.

Friday, August 19th, 2016
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Pemex Crude Exports Volume

Pemex Crude Exports Volume

Pemex exports stood at 1.09 mmbbl/d in June, representing an 8.83% decrease over the previous month, according to Pemex reports. The graph shows the monthly performance since 2015.

Wednesday, August 17th, 2016
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Pemex will receive MXN$3B

One of the first measures of the Energy Reform was that the National Centre for Natural Gas (CENGAS) took control of about 9,000km of pipelines. It belonged to Pemex.

Tuesday, August 16th, 2016
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Chicontepec block has been expensive to Pemex

Chicontepec block has been expensive to Pemex

The state oil-company has been struggling to stem the production decline. It has been mainly due to the drop of its main blocks, especially Cantarell, which was the most important of Mexico, some years ago.

Thursday, August 11th, 2016
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Pemex remains in red

Pemex does not show any improvement sign, the latest crude export report for June, notes that it fell 8.8% respect to May.

Tuesday, August 2nd, 2016
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Pemex´s long-term debt

Pemex had to borrow money to remain operating. Last week, the state-oil company issued 10-year bonds, increasing significantly its long-term debt. The bonds worth US$771M.

Monday, July 25th, 2016
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Pemex keeps shutting-in wells

In the past three years, 946 wells producing oil and gas have been shut-in. Pemex reported 9.043 wells operating last May. It means a 9.47% reduction compared to 2013, when it were operating 9.989 wells.

Monday, July 25th, 2016
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Pemex let it burn its own gas

When Mexico is in need of this fossil fuel to generate electricity, Pemex leaves lose a lot of their production.

Tuesday, July 19th, 2016
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Pemex´s debt with suppliers

Pemex’s debt with oilfield services companies is MXN$50B (approx. US$2.7B) and according to a Forbes report, providers are expecting that the state-oil company pay the debt in September this year.

Monday, July 18th, 2016
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Exports to the US keep falling

Mexico exported about 92 million barrels to the US between January and May. It represents a 16.3% fall comparing to the same period last year, when the country sent 110 million barrels, according to a US Department of Commerce (DOC) report.

Wednesday, July 13th, 2016
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