CNH reported 22 discoveries in 2020; CNH authorized 12 more wells in 4Q20; and Pemex refineries hit best level since April 2018
CNH approves PC-Carigali (Petronas) and Shell plans; Electrical industry going to court over the ‘Counter-Reformation’; and A new way to cheat Mexican drivers at the pump
Private production rises but Pemex falls; Gasoline production declined 8.9% to 2.2mmbd; and Nakasawa Resources opens office in Mexico
Pemex debts with suppliers approaching US$15B; When all you have is a hammer…(a Fuel Oil story); and Pemex lost 1,125 gas stations in 2020
“Unproductive but sovereign”; Pemex distorting the figures to skew the story; and ASF says Pemex’s management presents “anomalies”
This time for real? A number of stories have accumulated pointing to a severe financial crisis in Pemex. Maybe the press is just figuring it out or maybe something real is happening.
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