Pemex sees no need to cut production; Propane theft better? Worse? Or better but still bad? Or…; and Mexican Army tries drones to protect pipelines
ASF says the NOC is technically bankrupt; AMLO paying Pemex’s bills; and Let’s make a deal – Braskem, Pemex and Cenegas
Record loss for Pemex in 2020 but 4Q20 was better; Federal judge reverses Sener decisions to ‘slow roll’ the energy sector; and CFE expands thermo-generation capacity
While we devoted our usual space to the problems of Pemex and CNH approvals of investment plans, this month was dominated by two related stories: the ‘Great Texas Blackout’ and its consequences for northern and even central Mexico and Andrés Manuel López Obrador’s grand ‘Counter-Reformation’ of the electrical industry.
From one dysfunctional NOC to another; Pemex spent MXN 3.4B on infrastructure in Tamaulipas during 2020; and More complaints in Oaxaca that Pemex is not paying its bills
Pemex oil production rose in 2020; IEnova had a flat bottom-line 2020; and Cengas lifted all restrictions on gas usage.