It is not a secret that Pemex is in a delicate moment in financial and operational terms. Some rating agencies say the company should prove that it can be viable economically in the coming years.
The National Hydrocarbons Commission (CNH) has approved 36 permits to explore the Gulf of Mexico, during 2016. According to a report in Milenio, these authorizations belong to 15 oil-companies. They will undertake 2D and 3D seismic studies.
In a press release, Pemex assures that recovered almost 200,000 litres of hydrocarbon stolen. This was the result of a joint effort with federal, state and municipal authorities and the Secretariat of National Defence. The oil-firm highlights eight people who were involved in this kind of crime were capture.
The oil-company continues to show declines in its operations. Pemex refining capacity use has been below 65% during 2016, whereas 10 years ago, the capacity utilization was above 90%, according to a report in NorteDigital.
Arab investors are looking to sectors like Energy and Tourism. According to a report in Forbes Mexico, private funds and sovereign capital of United Arab Emirates (UAE), Qatar, Kuwait and Saudi Arabia are interested in the country.
Upcoming tenders to explore in Mexico´s deepwater areas will be held very soon (Dec. 5). There are beginning to emerge some rumours about the companies concerned and possible alliances.