national oil company

Mexico’s State Energy Companies Must Ditch Loss Making Activities, Think Tank Says

Mexico’s State Energy Companies Must Ditch Loss Making Activities, Think Tank Says

Mexico’s state-owned energy companies must shift their limited capital budgets from unprofitable business lines to segments that make money, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. For national oil company Petróleos Mexicanos, that means re-thinking its strategy to bolster the refining segment and instead investing…

September 2, 2020
Column: Lozoya Case Can’t Hide Current Failures for Mexico’s Pemex

Column: Lozoya Case Can’t Hide Current Failures for Mexico’s Pemex

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

July 31, 2020
Despite Covid-19, Oil Curtailments, Pemex Maintains Production Rates in 2Q

Despite Covid-19, Oil Curtailments, Pemex Maintains Production Rates in 2Q

Mexico’s Petróleos Mexicanos (Pemex) held steady its oil and gas production in the second quarter despite major upheaval in oil markets caused by the coronavirus pandemic.  Liquid hydrocarbons production was 1.693 million b/d in the second quarter, flat compared with year-ago output of 1.690 million b/d.  The figure included the 100,000 b/d of output shut-in…

July 28, 2020
AMLO Claims Landmark Energy Reform Created from Corruption as Former Pemex Head Returns to Face Charges

AMLO Claims Landmark Energy Reform Created from Corruption as Former Pemex Head Returns to Face Charges

Mexico officials are expected to return Emilio Lozoya, the former director general of Petróleos Mexicanos (Pemex), back home by Friday to face corruption charges after extraditing him from Spain, but there could be even bigger news in the days and weeks to come. Lozoya, the poster boy of Mexico’s energy reform, is aiming to launch…

July 16, 2020