Members of the National Hydrocarbons Commission (CNH) spoke about Pemex’s method to calculate oil reserves during 2016; the conclusions are negative for the NOC.
Fuel theft is the topic of the moment in Mexico. Many people blame Pemex for this situation and demand that the company assume the cost of damage caused by this illegal activity. The Supreme Court of Justice of the Nation (SCJN) ruled on this.
The Ministry of Finance and Public Credit (SHCP) published the minimum and maximum values for state participation in the operating profit of Round 2 contracts. Mexican authorities plans to do three tenders this year.
Energy Reform created several entities to ease the sector’s growth and the process of change in the country. The Mexican Petroleum Fund for Stabilization and Development (FMP) is one of these new entities and this has a very important role for the industry.
This, after Cenegas’ first Open Season, also known as “Round 0”, or Round EPE (State Productive Companies) results were published.
There is much uncertainty in Mexico since the arrival of Donald Trump to the White House for his radical positions. Pemex talked about the possible impact of the renegotiation of the North American Free Trade Agreement (NAFTA) on its finances.