PEMEX and the Ministry of Finance assured that there would be no change to the policy of gradual fuel price adjustments which has been implemented during the last year, emphasizing that there would be no sudden price rises.
Inflation in 2018 will be driven by exchange rates, gas lp prices and […]Continue Reading →
PEMEX imported diesel by train for the first time ever in January 2017, said the head of the NOC’s trading branch PMI Comercio Internacional, Isaac Volin. The development marks a milestone in Mexico’s opening energy industry, since the country previously received fuel imports by pipelines and seaports only.
Volin’s comments, made in a recent interview […]Continue Reading →
Mexico’s oil regulator announced that PEMEX’s agreed stake in the upcoming Trion farm-out is to be reduced to 40 percent, down from the original 45 percent. The Trion block, located in the Perdido Fold Belt, is set to become the first area in Mexico’s deep waters involved in a joint venture between PEMEX and […]Continue Reading →
As it has been the case with the presentation of its quarterly results for the last year and a half or so, PEMEX began its conference call announcing its 3Q14 results with a brief overview of matters surrounding the Energy Reform and the way in which they will impact the NOC. A calendar […]Continue Reading →
As the effects of the continuous implementation of the Energy Reform continue to be felt throughout the Mexican oil and gas industry, it becomes important for Mexico to define the role that it wants to play within its international energy paradigm. However, in order to answer this question one must first […]Continue Reading →
Leaders within PEMEX and the overall public sector of the energy industry have been busy granting interviews and offering statements in the wake of Wednesday’s announcements. These declarations have sought to explore the way in which the Energy Reform will impact PEMEX’s future strategy. For example, a piece in newspaper Reforma titled “PEMEX Evaluates importing […]Continue Reading →