Pemex announced its financial and operational results for the first quarter of 2020, reporting a historic net loss.
One of the main bets of President Andres Manuel Lopez Obrador (AMLO) is the development of priority fields to increase oil production. These areas, however, are not progressing according to the plan.
The National Hydrocarbons Commission (CNH) reported oil production in Mexico, announcing a slight recovery during March 2020.
Pemex should cut 100mbd from its production soon, meaning that the firm will soon decide on the fields where it will stop activities.
President Andrés Manuel Lopez Obrador (AMLO) insists on increasing refining activities, while producers around the world slow production and refining activities down.
Far from helping, President Andres Manuel Lopez Obrador’s (AMLO) strategy to face low oil prices might harm Pemex.
President Andres Manuel Lopez Obrador (AMLO) spoke about Pemex’s plans to face low oil prices.
Energy Secretary (Sener), Rocio Nahle, spoke about Pemex’s participation in the OPEC + agreement to cut production, and about the firm’s plans for the short term.
Pemex faces several challenges due to the drop in oil prices. The NOC will have to make important decisions in its producing fields.
CEO Octavio Romero spoke about the NOC’s production costs in 2019. Here are the details.
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