national oil company

Mexico Escalating ‘Discriminatory’ Actions Against U.S. Energy Companies, says API

Mexico Escalating ‘Discriminatory’ Actions Against U.S. Energy Companies, says API

The American Petroleum Institute (API) on Friday told the Biden administration that unfair treatment of U.S. energy companies by Mexico’s government is worsening and is likely in violation of the U.S.-Mexico-Canada-Agreement (USMCA).  In a letter to cabinet officials, API CEO Mike Sommers alleged an intensifying pattern of nationalist regulatory and legislative reforms under Mexico’s firebrand…

May 10, 2021
Pemex Seen as ‘Drag’ on Mexico Economic Recovery, though Manufacturing Poised for Strong Year

Pemex Seen as ‘Drag’ on Mexico Economic Recovery, though Manufacturing Poised for Strong Year

Mexican state oil company Petróleos Mexicanos (Pemex) could hinder the country’s economic recovery prospects if the government does not shift course, according to new analysis by Rice University’s Baker Institute for Public Policy. In an issue brief published Friday, authors Tony Payan and José Iván Rodríguez-Sanchez argued that four pillars sustain Mexico’s economy: manufacturing, remittances,…

April 12, 2021
Still Room for Significant Natural Gas Growth in Mexico, Say Industry Experts

Still Room for Significant Natural Gas Growth in Mexico, Say Industry Experts

Natural gas in Mexico continues to be underutilized, according to industry participants who spoke last week at Industry Exchange LLC’s 6th Mexico Infrastructure Projects Forum. CEO José García Sanleandro of Gas Natural México (Naturgy Mexico), the local subsidiary of Spain’s Naturgy Energy Group, said the level of residential users has hardly budged over the last…

January 26, 2021
Mexico’s Pemex Reports Natural Gas, Oil Production Decline in November

Mexico’s Pemex Reports Natural Gas, Oil Production Decline in November

Mexican state oil company Petróleos Mexicanos (Pemex) reported natural gas production of 3.68 Bcf/d in November 2020, down from 3.87 Bcf/d during the same month in 2019.  The figure includes production with joint-venture (JV) partners. Production from fields operated solely by Pemex fell to 3.6 Bcf/d from 3.78 Bcf/d, the national oil company said. Natural…

January 4, 2021
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