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Production

“Companies still do not produce enough to reactivate oil rounds”: AMLO

According to President Andrés Manuel López Obrador (AMLO), foreign firms’ production is so limited that it makes it impossible to restart the country’s oil rounds. Here is why.

 

Monday, April 29th, 2019
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“The new Business Plan will be ready by the end of the month”: SHCP

The Ministry of Finance and Public Credit (SHCP) spoke about the NOC’s new Business Plan, which includes important topics like the recovery of oil production and modifications to the firm’s tax burden.

 

Monday, April 15th, 2019
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Pemex fuel production in February

Pemex fuel production in February

Pemex reported its production for February 2019, and it started to recover some of the lost ground in previous years. In addition, Chevron (NYSE: CVX) talked about the fuel market future with the new government and its plans in the country.

Monday, April 1st, 2019
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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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