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Number of working Pemex rigs is the lowest in two decades

Number of working Pemex rigs is the lowest in two decades

Pemex reported a historical low number of working rigs during 1Q17. Last year figures were bad, but were worse in the first quarter of 2017. Budget cuts and low oil prices are the main reasons for this critical situation.

Thursday, May 18th, 2017
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SHCP announces decision criteria for Round 2

The Ministry of Finance and Public Credit (SHCP) said that to choose the winners of Round 2, two variables will be considered:profits from royalties received by the State, as well as an additional investment commitment,.

Thursday, May 18th, 2017
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The hydrocarbons potential in Mexico is huge, says CNH

The National Hydrocarbons Commission (CNH) participated in the “Perspectives and challenges of hydrocarbons exploration in a new business environment” conference. The commission talked about the industry in Mexico.

Thursday, May 18th, 2017
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Oxxo Gas and Petro 7 about oil theft

The companies are evaluating supply alternatives to avoid costs associated with this crime when they work with Pemex.

Thursday, May 18th, 2017
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Pemex trade balance still negative

Pemex trade balance still negative

The NOC reported its results for 1Q17. Despite good financial performance, the company is still showing red numbers in production and international commerce. This time we will analyze the Pemex trade balance.

Thursday, May 18th, 2017
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Companies will two more years for exploration in Round 2

The National Hydrocarbons Commission (CNH) approved different modifications to the standard contract for Round 2.1 auctions. Among them, is the addition of an additional exploration period.

Thursday, May 18th, 2017
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