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Pemex could face insolvency

Pemex could present insolvency because of high taxes, little support from the Federal Government and the long-term effects by reducing Capex, the rating agency Fitch said in an analysis.

Tuesday, October 25th, 2016
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Pemex could not have resources for offshore projects

If the authorities approve the Draft Federal Expenditure, Pemex could run out of budget to work in the Gulf of Mexico next year, according to a report in Entorno Inteligente.

Monday, October 24th, 2016
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Companies form alliances to create own gasoline brands

The Energy reform will allow full liberalization of the gas market in Mexico. Business groups of gasoline are formalizing agreements to create their own brands, according to El Sol de México. They also want to create sales schemes across the whole logistics chain of fuels.

Monday, October 24th, 2016
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Pemex seeks to refinance a credit

The State-Company is seeking to refinance a US$250M. It could cost 1% higher than current interest rate, according to a report in El Financiero. An anonymous person, who is working in the operation, gave the information.

Friday, October 21st, 2016
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Rigs keeps falling

Rigs keeps falling

Pemex reported only fifteen rigs working during 3Q16. Compared to the same period last year, it means a 75% decrease, according to Pemex database. The State-Company used 5 rigs for exploration and 10 to development wells.

Friday, October 21st, 2016
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Pemex seeks to increase interest in Trion

Pemex with Mexican Authorities have been working to create an attractive Joint Operation Agreement (JOA) to big Oil-Companies, with the aim of developing the Trion field. There are only two months to the bid.

Thursday, October 20th, 2016
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