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Pemex oil production in February

Pemex oil production in February

Pemex published extraction figures for February 2019, and the firm started to recover some lost ground in this important metric, compared to previous month. Octavio Romero Oropeza, CEO of Pemex, showed his optimism about the company’s performance in coming months.

Thursday, March 28th, 2019
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Refining plan affects exports

Refining plan affects exports

Andres Manuel Lopez Obrador (AMLO) plans to recover the metrics of the energy sector quickly, and the Secretary of Energy (Sener) announced a plan for the refining sector with challenging goals. This strategy could create a dilemma between exporting oil and refining.

Saturday, March 23rd, 2019
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Nahle interview

Nahle interview

Rocio Nahle, Secretary of Energy (Sener), spoke about relevant issues to the energy sector such as production, oil contracts, regulation and fracking. She pointed out the role of oil contracts signed in previous rounds to increase production.

Thursday, March 7th, 2019
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Private companies oil production

Private companies oil production

The National Hydrocarbons Commission (CNH) reported private (non-Pemex) oil production in December 2018. The companies have been producing for a two years and a half in the country and current figures represent a small portion compared to Pemex metrics, but they have increased considerably in recent months.

Tuesday, March 5th, 2019
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Pemex oil production in January

Pemex oil production in January

Pemex published extraction figures for January 2019, and this important metric began the year on the wrong foot. The NOC reported its lowest production in the last 40 years and its heavy oil extraction is below 1,000mbd.

Wednesday, February 27th, 2019
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Pemex production goals

CEO Octavio Romero spoke about the NOC’s plans to increase production metrics, improving financial stability.

 

Tuesday, February 19th, 2019
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Mexico total reserves decreased

Mexico total reserves decreased

The National Hydrocarbons Commission (CNH) recently published total hydrocarbons reserves during 2018. As expected, these decreased, and there is no possible solution for the short or medium term.

Tuesday, February 12th, 2019
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Oil: a blessing or a curse?

Recent investigations show that Mexico’s oil producing regions have the highest rates of poverty and violence levels. Here is why.

 

Thursday, February 7th, 2019
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New agreement on offshore block

New agreement on offshore block

The National Hydrocarbons Commission (CNH) approved an agreement between PC Carigali (subsidiary of Petronas) and China Offshore Oil Corporation (NYSE: CEO) on a block awarded in Round 1.4.

Tuesday, February 5th, 2019
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Pemex trade balance in 2018

Pemex trade balance in 2018

Pemex reported its trade balance for December 2018 and this metric stays in the red without a clear solution in the short or medium term. The company has poor operational metrics, forcing it to maintain high import levels to supply local demand. Rocio Nahle, Secretary of Energy (Sener), spoke about this issue.

Monday, February 4th, 2019
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