It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]Continue Reading →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, Mauricio Herrera Madariaga, Executive and Administrative Coordinator of Fondo Mexicano del Petroleo sheds light on the purpose of the oil fund and erases all misconceptions that might exist surrounding its performance so far.
Q: Why did Mexico […]Continue Reading →
Mexico Oil & Gas Review talks to Gerardo Flores Villasuso, Strategic Account Manager for PEMEX at ABB about the NOC’s refinery reconfigurations and whether or not they are still a logical solution for the country. He then goes on to talk about a new cost-saving and risk-reducing technology that ABB is offering to the Mexican offshore market.
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Mexico Oil & Gas Review talks to Alberto Jones Tamayo, Director General, and Rosa María Morales Cid, Associate Analyst Oil and Gas Latin America at Moody’s Mexico about PEMEX’s competitiveness. According to them, the NOC is doing great but gave some advice on how it could improve its current situation.
Watch the video to find out their […]Continue Reading →
After months of dropping oil prices with no end in sight, it seems that the commodity has finally come to its senses, with Brent, the international reference, rising up from approximately US$30 to around US$40 in less than one month. The itching question on everyone’s mind is “will it last?”.
Let us recall in brief […]Continue Reading →
Early in the morning of 29 February 2016, José Antonio González Anaya, PEMEX’s Director General voiced a message to investors in the Mexican oil and gas industry, delineating PEMEX’s new Adjustment Program. He began by placing this seemingly drastic measure into a global context of low oil prices, highlighting the fact […]Continue Reading →