The state oil-company has been struggling to stem the production decline. It has been mainly due to the drop of its main blocks, especially Cantarell, which was the most important of Mexico, some years ago.
Last week, we mentioned that the National Hydrocarbons Commission (CNH) approved the bases for the block tender. After the CNH´s announced, speculations has grown about which companies would work with Pemex.
Low oil prices have made a difficult year for the oil industry. Recently the daily Express mentioned that the profit margin in the first half of the year was US$7.73 per barrel, 12.2% lower than last year (US$8.81 per barrel). The new is not a surprise due to oil price fluctuations.
Secretary of Energy (Sener), the Secretary of Finance and Public Credit (SHPC) and the National Hydrocarbons Commission (CNH) in a statement made public the modifications of the model contracts and the bidding bases for exploration and extraction of hydrocarbons in the Gulf of Mexico.
BBVA-Bancomer Financial Group has established a program to defer payments without exceeding the original loan period. This support program will benefit 26 credits granted to natural or legal persons who are related to Pemex