This week, the Mexican Petroleum Fund for Stabilization and Development (FMPED) announced it had exceeded its income expectations by MX$84.9 billion, taking in MX$541.7 billion in 2018. This is the second consecutive year that this has occurred. 2018 revenues were 16.6 percent higher in real terms than those in 2017, and represented 2.4 percent of […]
by Sara Warden
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 →
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 […]Continue Reading →
After conducting in-depth interviews with 183 key stakeholders in the Mexican oil and gas industry, and a careful process of transforming their perspectives, ideas and ambitions into a 381 page comprehensive overview of the latest developments in the sector, the 2013 edition of Mexico Oil & Gas Review is currently done and at the printer.
by Neja Brglez
In a ceremony held today at Los Pinos, the Mexican President’s official residence, President Felipe Calderón, along with Energy Minister Jordy Herrera and Pemex CEO Juan José Suárez Coppel, announced the discovery of light crude at Pemex’s Trión-1 well, in the Perdido folded belt. The announcement marks the end of Pemex’s unfulfilled search for […]Continue Reading →
At a speech in Mexico City this week, CEO of Pemex Juan José Suarez Coppel reiterated the three main aims of Pemex in taking steps towards becoming a competitive oil and gas company: increasing the NOC’s reserve replacement ratio, whilst simultaneously increasing production and making all the company’s business lines profitable. However, he also […]Continue Reading →