Currently viewing the tag: "Pemex"

Positive news for Mexico this past week as PEMEX reported the federal government’s anti-fuel-theft measures had produced positive results. But the AMLO government’s tactics that led to shortages in some areas of northern Mexico also played a part in lower gasoline sales, which hit a 13-year low in January. AMLO also delivered on a promise […]

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It was another mixed week for Mexico’s oil and gas industry as the financial woes of PEMEX were once again laid bare, with the company reporting heavy losses for 2018 and causing concern in the market. The IMF waded into the fray and called for Mexico’s most important company to come up with a clear […]

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On Wednesday, the Superior Audit of the Federation (ASF), an independent institution recommended the government review the proposals and strategies of the Energy Reform to meet the expectations raise  d in 2013. The recommendation was given in the third installment of the ASF’s Public Account Report 2017. This document specifies that during the period 2013-2017 […]

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This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.

In Latin America, […]

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Mexican President Andres Manuel Lopez Obrador last week announced that measures will be taken to restore the economic solvency of the country’s heavily indebted national oil company, PEMEX, while the CNH had its budget reduced.

The president unveiled his intention to reduce the tax burden on PEMEX so that further investment can be delivered […]

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Ulises Hernández has worked at PEMEX for over 19 years and was appointed to his current position in March 2018. He holds a Ph.D in geology from Reading University. He has been the President of the Petroleum Geologists Mexican Association and Vice President of the Mexican Geology Society. Last year, he spoke to Mexico Oil […]

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