As Latin America’s national oil companies (NOCs) pivot toward partnerships with the private sector and divestment of non-core assets, Mexico’s Petróleos Mexicanos (Pemex) remains an outlier even in the wake of Covid-19, a panel of experts agreed earlier this month. Even before the pandemic, the region’s oil-exporting countries were struggling to navigate a “lower-for-longer” oil…
pemex
Articles from pemex
Continuity of Mexico’s Energy Reform at Risk as AMLO Doubles Down on Threats
Mexico President Andrés Manuel López Obrador has sent a memorandum to energy sector regulators underlining his government’s commitment to undo changes made during the previous administration while continuing to strengthen state oil company Petróleos Mexicanos (Pemex) and state utility Comisión Federal de Electricidad (CFE). The eight-page memorandum, reviewed by NGI’s Mexico GPI, was dated July…
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…
National Oil Companies Slash Capex Budgets in Unprecedented Crisis
National oil companies (NOC) across the world plan to cut exploration budgets by more than a quarter on average in 2020, according to new research by Wood Mackenzie.
NGI The Weekly Gas Market Report
Talos CEO Forecasts Positive FCF at $30 Oil, Says Trimming Capex by $125M
Houston-based Talos Energy Inc. expects to generate positive free cash flow (FCF) in 2020 despite the current dismal outlook for West Texas Intermediate (WTI) oil prices, CEO Timothy Duncan said Thursday.
Lopez Obrador Government Fails to Change Old Trends at Mexico’s Pemex
Mexico’s state oil and gas giant Petroleos Mexicanos (Pemex) saw 2019 production fall 7% on a year/year comparison to 1.68 million b/d, the company said in its fourth quarter earnings report.
NGI 2020: Pemex’s Lofty Natural Gas Output Goals Face Test in 2020 – Bonus Coverage
Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.
Black Hole in Mexico’s Natural Gas Potential Said to ‘Threaten Nation’s Assets’ — Bonus Coverage
As Mexico’s proven natural gas and crude reserves fall ever rapidly, analysts point to a “black hole” that is tied and bound in the red tape of bureaucracy.
Q&A with Rosanety Barrios on Mexico’s Natural Gas Market Development — Bonus Coverage
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.
Pemex Stabilizes Declining Oil Output, CEO Says — Bonus Coverage
Crude oil production by Mexican state oil company Petróleos Mexicanos (Pemex) has stabilized after years of steady decline and will begin to rise again this year, CEO Octavio Romero Oropeza said Monday.