Although the rumors have been around for a few days now, just a few minutes ago, it was made official: Emilio Lozoya Austin renounced his position as Director General of PEMEX. José Antonio González Anaya, now the former Director General of the Mexican Institute of Social Security (IMSS) will be replacing Lozoya as head of […]Continue Reading →
As taboo as this idea may be, analysts and professionals from the oil and gas industry would be lying if they said it had never popped into their head that maybe the solution to PEMEX’s problems would be to privatize the company and float some of its shares. The NOC is crumbling in debt, with […]Continue Reading →
The Energy Mexico 2016 Oil Gas Power event took place in Mexico City from January 26-28. We hope you learned as much as we did and were able to enjoy some of the lovely Dutch waffles at our stand in the exhibition room!
n case you missed some of the talks or could not attend […]Continue Reading →
PEMEX’s struggles are no news for the Mexican oil and gas industry, but things are getting worse as the oil prices keep dropping, pulling down with them the global oil and gas industry. For now, it seems, there is no way out. On the 21st of January, when Brent Crude stood at US$28.38 per […]Continue Reading →
The sudden and severe drop in global oil prices has led to difficulties for a vast majority of oil companies, and PEMEX is far from being spared from disaster. Production at the parastatal is at its lowest level in six years, and adding to its intrinsic challenges comes a decline in drilling activities.
In 2014, […]Continue Reading →
2015 was very eventful in the oil and gas industry, filled with unexpected turns, be they for the best or the worst. The Energy Reform took effect in 2014, when President Enrique Peña Nieto amended the constitution, opening the country’s energy sector to private investment for the first time in decades. One of the main […]Continue Reading →