Posts by: Alexander Mahoney

As the weeks go by, the debate about energy reforms rambles on. At the centre of the discussions features the involvement of private sector investment in the future of Petroleos Mexicanos (Pemex), a national monolith, which was regarded until not so long ago as untouchable. Pemex, a symbol once arguably regarded as highly as the […]

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Just as Pemex announced huge losses for the second quarter of 2013 (the NOC reported losses of US$3.8 billion, the highest since the third quarter of 2011), thieves made off with the equivalent of 2.7 million barrels of fuel since the start of the year, equal to more than one day of the company’s annual […]

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Pemex has continuously worked with various chambers, institutions and associations at national and international level through workshops, seminars or conferences to jointly identify the latest trends and most pressing requirements of the oil and gas industry. This has ensured competition, innovation and evolution of the state company and the industry. It has also led to […]

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The combination of low gas prices and a growing economy has boosted natural gas demand in Mexico, but in spite of the state’s best efforts to quench the nation’s ever growing thirst for energy through a mixture of LNG and natural gas imports, there is an urgent need for development and extension of pipeline networks. […]

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Pemex’s success of exploration in deepwater in the last twelve months set a high international standard. Carlos Morales Gil, Director of Pemex Exploration and Production, puts it down to the company’s budget flexibility and patience to allow the expertise to develop in order to execute its deepwater programme. This is but one of several examples […]

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These are exciting but challenging times for the refining branch of Pemex; the question of what to do with Pemex’s refineries is often a controversial one, as low efficiency and consistent loss making (US$6.9 million in 2012) have given the branch the unwanted label of black sheep. However, the approved budget for 2014 shows a […]

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