To commemorate the 77th anniversary of the Mexican oil expropriation, President Enrique Peña Nieto gathered government and PEMEX dignitaries to celebrate in Dos Bocas, Tabasco. He was accompanied by PEMEX CEO, Emilio Lozoya Austin, and the Minister of Energy, Pedro Joaquín Coldwell, along with the Ministers of National Defense, Education, and Environment and Natural Resources, […]Continue Reading →
As part of the 28th Mexican Congress of the Construction Industry on March 12, 2015, the Mexican Minister of Finance and Public Credit Luis Videgaray Caso delivered a wide-ranging speech, providing his expert perspective on Mexico’s economic situation. In this context, Videgaray made a particular note of the importance of the oil and gas sector to the […]Continue Reading →
The federal government’s decision to cut its public expenditure for 2015 by 2.65%, or MX$124 billion, would not be a major problem if half that cut did not come out of the budget of the national oil company, PEMEX. This amount represents 10.4% of the MX$594.6 billion total expenditure PEMEX […]Continue Reading →
The long-awaited Mexico Oil & Gas Technology Forum 2015 will bring together high-profile industry leaders this coming January 28th at the Sheraton Maria Isabel in Mexico City. Among a broad list of renowned speakers, the process of defining the diversification of the country’s production portfolio is a trending topic in the global oil and […]Continue Reading →
The situation as it stands in Mexico today is that PEMEX refineries are unable to return to the levels of efficiency and production they saw 10 years ago when they averaged 303,400 million barrels per day of refined hydrocarbons.
During 2014, PEMEX about 35% of the distillation capacity of Mexico went unused, mainly […]Continue Reading →
Beyond Round One’s delays, the end of 2014 evidenced rugged terrain for the Mexican oil and gas industry. Adapting to the projected standards prescribed by the unprecedented Energy Reform is still far from reaching international best practices. PEMEX is slowly fitting into taking the role as the State’s Productive Enterprise and while it has still […]Continue Reading →