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Eye on Pemex

SHCP extends tax benefits

The Ministry of Finance and Public Credit (SHCP) announced fiscal measures to boost the oil sector, benefiting Pemex and its partners.

Tuesday, August 22nd, 2017
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Moody’s and Fitch on Pemex’s financial situation

The Rating Agencies spoke on the implications that the government’s heavy fiscal burden has on Pemex.

Tuesday, August 22nd, 2017
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Pemex fails to meet Round Zero goals

Pemex fails to meet Round Zero goals

The Mexican government granted several blocks in Round Zero to Pemex to guarantee that the company continued to be the main player in the oil sector after Energy Reform. The company also acquired goals for these blocks but the firm has failed to meet most of them.

Thursday, August 17th, 2017
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Pemex wants to exchange oil

Mexico needs lighter oil to increase processing and distillation levels at a number of plants that are struggling to increase their profitability, said Pemex Industrial Transformation Manager Carlos Murrieta.

Thursday, August 17th, 2017
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Pemex expects huge profits during next 15 years

Pemex expects huge profits during next 15 years

Pemex has had low operating and financial revenues in recent years. The Mexican government created Energy Reform to help recover the company’s metrics and boost the Mexican oil sector. Pemex is very optimistic about its financial performance for the coming years.

Wednesday, August 16th, 2017
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Wells drilled continue to grow

Wells drilled continue to grow

The Secretary of Energy (Sener) reported exploration and development wells drilled figures during second quarter of this year. This metric showed a rise compared to the prior quarter, but current figures are low, compared to previous years.

 

Monday, August 14th, 2017
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Gas production keeps its negative tendency

Gas production keeps its negative tendency

Pemex has been unable to stabilize its gas production in the country and imports have gained share to supply local demand. Non-associated gas production is falling swiftly and associated gas as well, but more slowly.

Thursday, August 10th, 2017
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Pemex looks for alliances in Latin America

Pemex announced that it is looking for business opportunities in different Latin American countries to diversify its exploration portfolio by 2021.

Thursday, August 10th, 2017
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Pemex production in July was the lowest since 1995

Pemex production in July was the lowest since 1995

Pemex extraction figures are getting lower and this tendency will continue at least in the short and medium term. The NOC continues to seek partners to address this situation.

Thursday, August 10th, 2017
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Pemex reduces its investments

Pemex reduces its investments

Pemex reported a reduction in investments for the construction and acquisition of goods such as machinery and heavy equipment in the first half of this year. This is affecting several sectors of the country.

Tuesday, August 8th, 2017
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