Currently viewing the tag: "2012"

The following is the seventh in a series of summaries of each presentation and panel that took place during the Mexico Oil and Gas Summit last Tuesday, July 1st in the Sheraton María Isabel in Mexico City. To download the speaker’s presentations which have been approved for public distribution so far, [...]

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Pemex just announced its financial results for the second quarter of 2013. As it has been widely reported throughout the day, the news was not good: the NOC reported losses of US$3.8 billion, the highest since the third quarter of 2011. Most of these losses were generated by a steady decline in crude [...]

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This week, Pemex announced that thanks to its 170 producing wells, Ku-Maloob-Zaap is for the third year the NOC’s best producing field, with an average daily production of 865,000 b/d and 349 Mcf of gas in December, a record breaking month for the field in terms of production. However, Pemex might not be quite as [...]

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When Felipe Calderón Hinojosa became President of Mexico in 2006, he appointed Jesús Reyes-Heroles as Pemex CEO. One of the main objectives with the changes made was for the NOC to become more competitive. The strategic decisions made with this idea in mind included fighting for an energy reform that would allow more participation from [...]

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En los seis años de la administración de Felipe Calderón, el país vio desfilar a tres diferentes Secretarios de Energía. Georgina Kessel Martínez, economista, que previamente había estado a cargo de la Casa de Moneda, se unió al gabinete del Presidente Calderón en 2006, como Secretaria de Energía. Durante su cargo, fue instrumental en la [...]

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Last week, Javier wrote about the problem of increasing the attractiveness of natural gas, so that Mexico can capitalize on its vast unconventional resources. To summarize, the biggest challenge in the way of increasing natural gas production in Mexico is that the current price of gas in the US, to which Mexican gas is indexed, [...]

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