Hydrocarbons Mexico News

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For the operation of the 11 E&P licenses in deep waters of the fourth call of Round One, and the Pemex association in Trion, the country should increase by, at least, 72% its ports capacity for a US$ 3.2 billion investments. >> Read More – November 4, 2016 

Pemex forecasts a further fall in its oil production for 2017, but the state company expects a recovery and a financial balance by 2019, according to projections of its new Business Plan seizing the opportunities granted by the energy reform. >> Read More – November 4, 2016

Energy Secretary says the biggest challenge Pemex Transformation facing is currently in the refining area, where it is urgent to reduce operating losses and unscheduled shutdowns. >> Read More – November 4, 2016

Canadian companies are very interested in Mexico’s infrastructure for transporting oil and gas. The big area of opportunity is to bring t Canadian knowledge in oil and gas transportation through technology and know-how. >> Read More – November 4, 2016

Pemex will seek to consolidates healthy finances, provide important revenue for both the Governor and the nation, and recover oil production above 2 million barrels per day by replacing the falling production of fields natural decline through farm outs. >> Read More – November 4, 2016

International Energy Agency recognizes that the low oil prices period has complicated the Mexican Energy Reform, but despite the difficult economic situation it has not taken the Energy Reform out of its course. >> Read More – November 3, 2016

After years of being one of the leading oil exporters’ countries worldwide, Mexico has now became an importer as it main oil fields are aging, a controversial energy policy, millionaire losses and high debts. >> Read More – November 3, 2016

Pemex announced last Thursday November 3, its new Business Plan 2016 - 2021, which substitutes its previous one as it didn't achieve the main goals: increasing reserves and engaging new oil areas. >> Read More – November 3, 2016

Pemex exported 1.4 million barrels at the end of third quarter of 2016, 22% more when compared with the same period last year. However, it does not offset the purchases fall from the United States. >> Read More – November 3, 2016

Bank of America: The main domestic risks for Mexican economy growth and stability are the oil production fall and the lack of a strong fiscal adjustment as the difference between income and expenses is large. >> Read More – November 3, 2016

During the third quarter of 2016, total crude oil processed decreased by 20%, mainly due to a lower production of this product in the Cadereyta and Madero refineries as a result of the continuous strikes. >> Read More- November 2, 2026

Oil market experts have said that the problem that Pemex is going to focus its new business plan in the most profitable businesses, will cause it to set aside activities that are important for the industrial sector. >> Read More - November 2, 2026

Mexico failed to meet its production target of 2.8 million barrels of oil a day in 2016 set by Pemex, and ended the first eight months of the year at an average production of 2.1 million bd, with a declining tendency. >> Read More - November 2, 2026

Coparmex said electricity consumption price increase is to blame on the energy reform, which was supposed to bring large benefits to the country and the Mexicans domestic budget, is actually hurting the economy. >> Read More - November 2, 2026

Mexico, one of the 6 countries not OPEC member, is involved in a long-term strategy of the group in the production and export of oil, looking for a rise in oil prices. >> Read More - November 2, 2026

OPEC and six other oil producers have agreed to seek further cooperation and regulate measures to stabilize the crude market. However, they have not reached an agreement to cut on oil production. >> Read More – November 1, 2016

General Electric announced it will merge its business with the oil and gas service provider Baker Hughes. GE will hold a 62.5% interest in the new company, which will have combined revenue of US$ 32.000 billion. >> Read More – November 1, 2016

Due to Pemex economic crisis and budget cut its offshore service providers have had to get rid of about 40 thousand workers, from contracts suspended, ie still in force, but no revenues are generated. >> Read More – November 1, 2016

Pemex didn't explore any 2D seismic Kilometer during the first nine months of 2016, while during the same period of 2015 it explored 645 kilometers, same situation with 3D seismic exploration, a 100% decrease. >> Read More – November 1, 2016

Citibanamex estimated that there will be an average 10% increase of gasoline prices in Mexico during 2017, after the approval of price liberalization law aiming to make the fuel market more competitive. >> Read More – November 1, 2016

Oil and natural gas production fall have caused Pemex to generate an important shortage of supplies for the chemical industry, although there is enough infrastructure Pemex needs of natural gas flow. >> Read More– October 31, 2016

Federal Electricity Commission achieve a net profit of US$ 5.270 billion from January to September 2016, while Pemex reported a net loss of US$13 billion due to low oil prices, exchange rate, but mainly due to high taxes. >> Read More – October 31, 2016

IEA expects Mexico’s energy reform to results in a declining oil production reversal, renewable energy share increase, and carbon emissions decrease, as 50% of the new capacity installed by 2040 will be renewable. >> Read More – October 31, 2016

Pemex reported losses of US $ 5.9 billion at the end of the third quarter of 2016, 29.4% average lower than same period last year. Gasoline and diesel market fell 17.7% and liquefied petroleum gas 52.5%. >> Read More – October 31, 2016

The financial support that the Mexican government has given Pemex should be enough to allow it to operate, although it is facing insolvency due to high taxes, inadequate government support and effects of long term capex reduction. >> Read More – October 31, 2016

World Bank recommend Mexico to think of a tax reform in order to replace oil revenues, which are not expected to increase significantly, taking advantage of macroeconomic, financial and price stability. >> Read More – October 28, 2016

Tabasco and Campeche, economies that used to hold the entire financial system of Mexico through oil resources, have an unemployment crisis as in the past two years 12,000 Pemex workers have been dismissed. >> Read More – October 28, 2016

According to the National Institute of Statistic and Geography, in September, Mexico, had a 1.4% annual increase in goods exports, to which oil sales abroad contribute by 5.7%, the first rise in 27 months. >> Read More – October 28, 2016

Secretary of Energy initiated the call for any private company to use Pemex infrastructure pipeline, through which companies will have the right to use a portion of the pipeline capacity for its industrial needs. >> Read More – October 28, 2016

Pemex CEO says that energy reform is a historic opportunity for the country and for the national oil company, by making difficult decisions, to accelerated the implementation of the reform to obtain favorable results for the Mexican economy. >> Read More – October 28, 2016

Mexico’s president reported that in the coming weeks, Pemex will release an aggressive business plan to operate as a viable and profitable company for the country through structural reforms for the country's economic growth. >> Read More – October 27, 2016

The International Energy Agency expects oil production in Mexico to change from 2020 and then rise to 3.4 million barrels per day in 2040, a million more than the current production due to new offshore oil fields.>> Read More – October 27, 2016

Constitutional and legal changes in energy matters will add up to US$ 1 billion to the Mexican economy over the next 24 years, due to increased investment in the electricity sector, oil exploration and production, and energy efficiency. >> Read More – October 27, 2016

COFECE recommends Pemex authorities to allow new competitors to use its energy market infrastructure so that wholesalers can enter the market and compete with Pemex in the gasoline sales. >> Read More – October 27, 2016

233 wells drilled through fracking in Puebla, the second state in Mexico where more of these questioned method has been applied; and there could be more next as authorized by the National Hydrocarbons Commission. >> Read More – October 27, 2016

Oil production and rate exchange approved by Mexican deputies in the Revenue Law should be analyzed by the senate, as it must ensure adequate technical support due to complex economic environment. >> Read More – October 26, 2016

Secretary of Energy of Mexico was asked about the Federal Government forecast regarding oil production for 2017, which is “perfectly achievable" as SENER assure, however, recognized price rise is expected. >> Read More – October 26, 2016

Pemex CEO: even in a difficult economic environment, the company’s finances "are stable and improvable without any doubt," Pemex risk has declined by 148 points and had also fulfilled most of payment to suppliers. >> Read More – October 26, 2016

Mexico and Brazil, the two largest economies in Latin America, in need of large investments to strengthen its weakened economies are engaging in intense competition to attract major oil interest in its oil deep water reserves. >> Read More – October 26, 2016

French-based geophysical services company, CGG, announced a major contract with Pemex to conduct a seismic study in the Gulf of Mexico for Pemex to identify geological structural traps in order to improve its knowledge. >> Read More – October 26, 2016

The OPEC requires the participation of the great independent crude producers to stabilize the oil market. President of Venezuela called this weekend to non-OPEC major oil producers to join these efforts. >> Read More – October 25, 2016

COFECE determined to grant Pemex the benefit of immunity from monopoly fines after considering that its proposal is suitable and economically viable to protect the process of free competition in the oil market. >> Read More – October 25, 2016

With over US$ 80 million investments, before the end of the year, first private operators will drill at least two exploration wells in Mexico; also, 10 different companies reported oil production in 15 Round One onshore fields. >> Read More – October 25, 2016

Ministry of Finance of Mexico recently reported that Pemex production was of 2 million barrels per day, which is the same level as current consumption, both for processing and exportation, meaning that Mexico it’s no longer an oil country. >> Read More – October 25, 2016

Pemex does not agree in advance and gradual opening of the gasoline market: do not worry imports but reference prices between regions, and prefer a complete and immediate. >> Read More – October 25, 2016

Pemex has reduced by 54,000 barrels per day its oil deliveries to the National Refining System in 2016 compared to last year. Oil available for transformation is only enough for refiners to operate at 63% of its capacity. >> Read More – October 24, 2016

Chamber of Deputies of Mexico approved a domestic indebtedness for the federal government of US$ 26.5 billion from a previous estimated made by the Treasury of US$ 26 billion, an increase of US $ 290 million.>> Read More – October 24, 2016

Pemex expects to generate a private investment of US$ 4,2 billion dollars due to the second strategic partnership for oil extraction, farmout, in march next year for Ayin and Brazil shallow waters in the coast of Campeche. >> Read More – October 24, 2016

Mexican Alliance Against Fracking demanded that the Ministry of Energy revoke approval for fracking projects, as it is a risky practice affecting the environment and the population, and a violation of the Paris agreement. >> Read More – October 24, 2016

Banco de Mexico: Mexico needs to strength its macroeconomic fundamentals, including its fiscal position, to ensure its public finances and become sustainable. The country must strengthen its fiscal position quickly. >> Read More – October 24, 2016

The 77-year monopoly of Pemex on the gasoline sales ended this 2016 with the arrival of new competitors to Mexico that offer differentiated quality of service and fuel prices like Hidrosina, Eco, Gulf and Texaco. >> Read More – October 21, 2016

CNH authorize Italian multinational oil and gas company Eni the permit to drill in Amoca exploratory well located in shallow waters of Tabasco. Drilling will begin on December 2016 and go until March 2017. >> Read More – October 21, 2016

Chevron Corporation, one of the largest oil companies in the world and the second in the US, will arrive with its subsidiary, Texaco, to the Mexican gas stations during the second quarter of 2017, by the Mexican Fullgas. >> Read More – October 21, 2016

Pemex will leave without budget 98 of its 364 projects. The most remarkable, the Cinturón Plegado Perdido and the Cinturón Subsalino exploration, both in deep waters of the Round 1.4 area. >> Read More – October 21, 2016

Confederation of Industrial Chambers of Mexico asked not to use oil revenues in the political agenda after the Chamber of Deputies approved an increase in oil production, which would generate an extra income. >> Read More – October 21, 2016

Governor of Campeche affirms it is worth doing business in the state due to the guarantees giving certainty and security to investments, strategic plans and programs to revive the economy to take advantage of the state’s oil vocation. >> Read More – October 20, 2016

Private companies will be able to deduct three times more than Pemex for each barrel of oil produced, ie, US$ 24 vs US$ 6, according to the Hydrocarbons Revenue Law, approved by the Chamber of Deputies. >> Read More – October 20, 2016

Pemex is making big efforts seeking to stabilize oil production by an average of 2 million barrels per day. It is essential to achieve greater operational efficiency and more partnerships with private investors through farm-outs. >> Read More – October 20, 2016

16 Mexican business groups formalized partnerships to participate with their own gasoline brands, as well as integral sales schemes throughout the supply chain, providing fuel new brands to compete with Pemex and foreign companies. >> Read More – October 20, 2016

New oil companies in the Mexican oil market after winning fields in Round 1.3 begin reporting barrels. Mexican Petroleum Fund reported a 1,596.5 bod production from the 12 contracts. >> Read More – October 20, 2016

Secretary of Economic Development reported that in Mexico City a fund of US$ 5 million for the use of renewable energies will be established. Energy Department says the capital contribution in clean energy generation is imperative. >> Read More – October 19, 2016

Pemex's board of directors approved seeking for partners to develop Batsil and Ayin oil fields in the shallow waters of the Gulf of Mexico, and hopes for a tender to takes place in 2017 for the second Pemex’s farm-out. >> Read More – October 19, 2016

Secretariat of Finance and Public Credit approved an amendment to the Federal Law, Pemex tax regime and the Hydrocarbons Revenue Law to provide more easies to private companies to make the energy reform more attractive. >> Read More – October 19, 2016

Pemex seeks to refinance a US$ 1.25 billion loan at an interest rate of one percentage point more than the current one, raising the new three years’ loan to 1.85% from the one that expires in December. >> Read More – October 19, 2016

AIG will sell its operations in some Latin American countries, but will keep its business in Mexico due to the strategic value for the company as it is expected that the insurance industry took off significantly with the energy reform. >> Read More – October 19, 2016

Secretariat of Finance and Public Credit of Mexico states that in a difficult global environment, the country has an orderly growth economy and balanced public finances, achieved with multiples boosts within reasonable parameters. >> Read More – October 18, 2016

Mexican oil exports revenue fell from US$49 billion in 2011 to US$18 billion in 2015, a 62.49% decrease. Pemex reports show an oil revenue average during January - August 2016 of US$9 billion. >> Read More – October 18, 2016

National Hydrocarbons Commission of Mexico reduced requirements for bidding for ultra-deep water field, Trion, in the Gulf of Mexico, reducing the number of operators in the consortium seeking to partner with Pemex. >> Read More – October 18, 2016

Mexican government will pay Pemex just a small fraction of the investments the parastatal company claims to have done for years in fields and areas to be opened to the private sector due to the energy reform. >> Read More – October 18, 2016

Oil crisis due to low oil prices and Pemex budget cuts affected Campeche, Tabasco, Veracruz and Tamaulipas, jobs cuts in oil rigs, shops, hotels, restaurants, and every shop depending on oil economy. >> Read More – October 18, 2016

Mexican Energy Council president urges federal government to explain Pemex business plan for 2017. Assets sales and private companies’ participation in various activities as a result of the budget cuts is expected. >> Read More – October 14, 2016

The Mexican National Hydrocarbons Commission approved Pemex to invest US$ 54 million to produce unconventional light oil in five onshore areas in Veracruz. 71.1 Mmbbl of unconventional oil expected to be added to Mexican oil reserves. >> Read More – October 14, 2016

Mexico is doing everything possible to convince major oil companies around the world to partner with Pemex to develop Trion block, hoping that the 10 qualified are willing to compete and tendered at the auction.>> Read More – October 14, 2016

Pemex exploratory and development wells has declined about 69%. Only three wells were drilled in August this year, 81% less compared to same month of 2015 due to the budget cut trying to optimize and reduce costs.>> Read More – October 14, 2016

Budget adjustments and austerity have directly reached Pemex employees, investments, infrastructure and production, while the oil union chamber will receive more resources in 2017. >> Read More – October 14, 2016

Industrial activity in Mexico fell 0.8% in August, two months of consecutive declines. Mining and construction sector with significant losses, anchoring the performance of the industrial sector after a drop of 16% in the oil sector. >> Read More – October 13, 2016

Mexican institutions team up to work on developing a model of pressure deficit reducing error in 30% to ensure the correct location of producing wells and injectors seeking to optimize it operation. >> Read More – October 13, 2016

Pemex identified six new oil and gas fields. Two located in deep waters to be explored through farmouts, and the other four, in shallow waters, through financial partnerships, both using Pemex technology as the operator. >> Read More – October 13, 2016

The United Nations Economic Commission for Latin America and the Caribbean (Cepal) adjusted Mexican growth projections to 2.1% this year, two tenths less compared to its previous projection. For 2017, expects an increase of 2.2%. >> Read More – October 13, 2016

Mexico met with OPEC members seeking an agreement later this month to limit oil production. OPEC slightly raised its global demand forecast for 2016 by 10,000 barrels a day more than its previous forecast. >> Read More – October 13, 2016

Oxxo Gas, Gulf, Chevron, Petro-7, Hidrosina and others are preparing to compete in the Mexican gasoline market, with projects covering from technology to the pipeline infrastructure and refined sectors. >> Read More – October 12, 2016

Pemex decided to resume its crude oil exports of Maya heavy oil type to the United States West Coast Market as the second type of Mexican oil to be exported through the Pacific. >> Read More – October 12, 2016

Pemex is required to do more than debt refinancing, it needs to stop the fall in hydrocarbons production or decrease its low flow generation before registering any changes of the credit ratings companies. >> Read More – October 12, 2016

National Hydrocarbons Commission of Mexico stated that Pemex has one year left from this month to catch up on the production fields that were assigned in the Round Zero or it must return them. >> Read More – October 12, 2016

Mexico has become the most important non-European partner to Spain, as Mexican companies seek to conquer the Spanish market, while the Spaniards have strong investments in the energy and infrastructure Mexican sector. >> Read More – October 12, 2016

Moody’s: Mexican government forecasts is conservative, however, lower revenues than expected, buoyancy and challenges of a limited spending amid to a slower growth, low oil production and fiscal risks arising. >> Read More – October 11, 2016

Undersecretary of the Ministry of Energy affirms that lowering the price of gasoline represents a high cost for the country, therefor it is not possible for the ministry to ensure a fuel wreck down for 2018. >> Read More – October 11, 2016

Energy Reform Results: after a70 years monopoly and during a low oil price crisis, there have been three successful bids, Pemex will share its Trion block and participation of major oil companies is expected in large projects. >> Read More – October 11, 2016

Akal, most important oil asset of Cantarell after overproduction in 2004 seeking to reach a record of 3.4 Mmbbl, is causing the extinction of the deposit that once became the world's second largest, surpassed by Ghawar. >> Read More – October 11, 2016

Siemens is now transforming hydrogen into methanol to produce green fuels as an alternative to gasoline and diesel seeking to reduce pollution rates of Mexico. >> Read More – October 11, 2016

Mexico’s hydrocarbons production fell by 145,000 bbl and 515 Mmcf of gas in the first nine months of the year due to the natural decline of the main fields and budget cuts, causing oil production to fall by 6.4%. >> Read More – October 10, 2016

Sierra Oil & Gas seeks a portfolio of assets that allows it to count up to 500 Mmboe for the company’s hydrocarbons net reserves and a range production between 50,000 to 100,000 barrels per day. >> Read More – October 10, 2016

Secretary of Energy awarded a total of 442 permissions to public and private companies to import fuel, for an estimated volume of 406 billion liters to be use for domestic supply. 126 permits were granted for gasoline import. >> Read More – October 10, 2016

Pemex needs partners to complete the reconfiguration of the refinery, not this year nor next, will be finalized the project announced since 2011, due to budget cuts equivalent to a drop of almost 80% in revenues from Pemex. >> Read More – October 10, 2016

Mexican minister of energy announced last Friday new investments in clean energy, especially solar, for more than US$ 400 million and will be in the central state of Guanajuato. >> Read More – October 10, 2016

OPEC could decide at its November meeting on a greater cut than agreed late last month if producers consider it necessary to reduce production by more than 700,000bpd to a range of 32.5 to 33 million bpd. >> Read More – October 7, 2016

The speed and pace of the gasoline market opening in Mexico corresponds to the Congress and will be responsible for approving the release of gasoline prices across the country and not on a regional basis as proposed in the Economic Package 2017. >> Read More – October 7, 2016

Mexico has become, for Siemens, one of the five most attractive countries to invest in the energy sector with the implementation of the energy reform impacting power generation projects, and increasing investment. >> Read More – October 7, 2016

Additional oil production coming from private oil companies authorized to explore for hydrocarbons in Mexico won’t offset Pemex falling production, as they will add few barrels when compared with Pemex production. >> Read More – October 7, 2016

IEnova, Mexican subsidiary of Sempra, will issue new shares to sale seeking to capture US$1.5 billion, to finance its growth in the country after it acquired shares in a pipeline company, bought a wind energy complex and won two solar energy projects at an auction. >> Read More– October 7, 2016

Mexico has the potential, with existing technologies, to reduce between 50% and 55% of the oil and gas sector emissions, which will improve competitiveness; but it require public policies to reduce the methane content in the oil and natural gas. >> Read More – October 6, 2016

Mexico’s revenue from oil sales to the United States was of US$ 4.962 million from the sale of 147.7 million barrels between January and last August. However, it remains in fourth place as a net supplier of crude to the U.S. by volume. >> Read More – October 6, 2016

The National Hydrocarbon Commission of Mexico granted the oil companies interested to partner with Pemex for the Trion block exploration, one more week to send comments and questions regarding the joint operation. >> Read More – October 6, 2016

Environmental safety agencies of Mexico and the U.S. agreed to strengthen cooperative relations as part of the implementation of the Energy Reform, which will attract investments of US$ 22 billion to Mexico. >> Read More – October 6, 2016

International Monetary Fund: Mexico’s have progress due to structural reforms and financial inclusions, that have allowed overcoming adversity of the international economic environment, slow growth, falling prices, and geopolitical risks. >> Read More – October 6, 2016

The IMF cut its growth expectation of Mexican economy from of 2.5% to 2.1%, three tenths below July prediction, to align it with the average market expectation according to Focus Economics, due to the impact of low oil prices on public finances. >> Read More – October 5, 2016

The large number of illegal connections to the oil pipeline system of Pemex has resulted in an underused of the infrastructure, increasing transportation costs of the company and threatens the fuel supply. >> Read More – October 5, 2016

Minister of Energy: The new regulatory framework for oil investment in Mexico will be ready in a period not exceeding six months, to encourage exploration and development in this sector, even with a low oil price. >> Read More – October 5, 2016

ABB director of global electricity markets said that Mexico is seen as an export hub for the entire continent, for the electricity market and generation seeking to develop it renewable energy projects. >> Read More – October 5, 2016

Mexico faces a severe Magna gasoline production crisis, most consumed in the country, since the production capacity of Pemex is barely enough to cover the demand of the central area of the country and 30% of total vehicles. >> Read More – October 5, 2016

OPEC agreed to cut 700,000 bpd production, ending a campaign to get out of business shale companies with higher costs and that can rise up to 300,000 barrels a day in 2017 if manage to balance their budgets with oil at US$ 50 a barrel. >> Read More – October 4, 2016

Pemex inaugurated the first rural low consumption gas station to meet the demand and supply of gasoline in towns where there are no gas stations installed. A prefabricated facility that can be installed in a period no longer than two weeks. >> Read More – October
 4, 2016

Pemex will continue next year with exploration and production activities in the Chicontepec zone, with an estimated US $ 141 million investment to continue searching for oil fields in an area of 12 municipalities located between Puebla and Veracruz. >> Read More – September 4, 2016

Pemex has issued US$4 billion in bonds, two bonds worth US$2 billion each, and repurchased debt worth US$1.5 billion as part of a plan to strengthen its finances. The company also swapped $1.6 billion in debt.>> Read More – October 4, 2016

Mexico is the country that receives the largest Japanese investment through bilateral relations. Mexican exports and imports to Japan increased by 126% and 145% between 2014 and 2015. Among the export main products is oil petroleum. >> Read More – October 4, 2016

Exxon, Shell, Chevron, PetroChina and Total, the five largest oil companies in the world, increased their market value at US$ 43.000 million in two days, after the OPEC announced the possibility of oil production cut. >> Read More – September 3, 2016

Pemex registered a lower average oil production during the first eight months of the year producing 2,2 million bpd. 7,000 barrels less per day in relation to the production recorded from January to July 2015. >> Read More – September 3, 2016

Mexico's energy ministry said the government is preparing the tender of the first licenses to explore shale deposits at the northeast of the country, which is an extension of the Texan Eagle Ford basin. >> Read More – September 3, 2016

Siemens demand for human resources to develop its business in the Mexican energy sector over the next four years will be of more than 150 thousand experts, including professionals and technicians in the industry. >> Read More – September 3, 2016

The Secretary of Energy of Mexico reported the results of the electrical auctions, where 98% of all capacity installed, solar and wind, was acquired, meaning that Mexico is tripling its capacity to produce clean energy. >> Read More – September 3, 2016

Pemex and the Mexican government budget cuts established in the plan of 2017, forced to postpone maintenance of the largest fleet of Pemex as it budget has dropped from US$ 313 million to US$ 107 million. >> Read More – September 30, 2016

Ten UK companies focusing on offering exploration, extraction and transportation services for the oil and gas Mexican industry, as they are interested in expanding their business taking advantage of the energy reform. >> Read More – September 30, 2016

Mexican Secretary of Economy: Mexico has bet on opening the markets and on the global trade integration, as a key development strategy to face the difficult global financial situation of the oil market. >> Read More– September 30, 2016

The opening of the electrical market in Mexico is creating fierce competition among providers of clean energy and seek to reduce prices, as renewable energy sources are gaining ground in Latin America. >> Read More – September 30, 2016

Representatives of Mexico, Cuba and the United States holding a second round of negotiations to delimit the Western Gap in the Gulf of Mexico involving the three countries on an oil area. >> Read More – September 30, 2016

Mexico refineries, operating at half of its capacity, will face a new difficulty due to the incoming competition from imported fuel after the market opening with the energy reform; and a lower maintenance budget for 2017. >> Read More – September 29, 2016

The Organization of the Petroleum Exporting Countries reached an agreement to reduce its oil production to 32.5 million bpd from the current 33.24 million bpd. The OPEC will extend the invitation to producing countries outside the group. >> Read More – September 29, 2016

Pemex will execute a debt management deal in international markets to improve its finances and structure, through a tree part transaction: a refinancing in dollars, a pre-funding component and a debt swap. >> Read More – September 29, 2016

Mexican Undersecretary of Hydrocarbons: Mexico's energy future is promising; the country shares the idea that oil prices should stabilize upward to ensure the level of investment needed by the energy sector. >> Read More – September 29, 2016

Pemex has decided to sacrifice fuel production in order to maintain acceptable levels to meet commitments to export overseas customers, which has resulted in a growing dependence on imported fuels. >> Read More – September 29, 2016

Oil crisis in the Mexican state of Tabasco has caused the loss of 34.000 jobs between 2014 and 2016. State authorities are demanding the extension of federal tax relief programs. Meanwhile, it must find a way to wean its economy from oil revenues. >> Read More – September 28, 2016

Pemex share in Trion block will now be 40% instead of 45% as originally proposed in the Joint Operating Agreement. Pemex also presented eleven changes to the Joint Operating Agreement. >> Read More – September 28, 2016

National Hydrocarbons Commission of Mexico approved the migration of three oil blocks granted Round Zero, to two license agreements for Pemex to seek new partners in Tabasco onshore areas for a total of 1,776,000 boe. >> Read More – September 28, 2016

Pemex exemption from custom taxes could be eliminated, and for the first time it will pay customs duties if the Congress authorizes the modification of the General Law of Rights as part of the 2017 Economic Package. >> Read More – September 28, 2016

IEnova has completed its acquisition Pemex Transformación Industrial's 50% equity interest in the Gasoductos de Chihuahua joint venture for approximately $1.14 billion. IEnova's shares in the joint venture now increase to 100%. >> Read More – September 28, 2016

United Arab Emirates will support an oil production freeze to help boost prices, while some OPEC delegates foretold that this week could be an agreement to restrict supply at the producers meeting in Algeria. >> Read More – September 27, 2016

Pemex Corporate Business Development: Pemex have progresses slowly facing challenges and the difficult financial situation of the oil market, but recognizes that without the energy reform Pemex could have major complications. >> Read More – September 27, 2016

Gas Natural Fenosa CEO: more than 18 years after the entrance of the company in Mexico, this fuel penetration among Mexican consumers is only of 7%, while the rest of the market belongs to LP gas. >> Read More– September 27, 2016

Shell will keep its investments in Mexico, however, is evaluating which projects are profitable for company as it is reducing its global investments, due to the fall in oil prices and the purchase of BG Group.>> Read More – September 27, 2016

Secretariat of Finance and Public Credit: despite a complex international environment, tax revenues, domestic market and financial system will help public finances to trigger further economic growth in Mexico. >> Read More – September 27, 2016

Pemex has achieved a modest reduction in operating costs and pay off much of the debt to suppliers. 2017 budget had an annual increase of 4% in management positions due to organizational scheme changes. >> Read More – September 26, 2016

Pemex generated less than 300.000 barrels of gasoline but imported more than 520,000 due to delays in maintenance work required in refineries. According to the2017 budget, oil exports will fall by 775,000 barrels per day. >> Read More – September 26, 2016

On the morning of Saturday 24 September, an explosion and subsequent fire was reported in a tanker loaded with 167,000 barrels of fuel leased by Pemex on the coast of Veracruz. It has ruled out the risk of a spill. >> Read More – September 26, 2016

Mexico's public finances to consolidate with more revenue, lower expenses and a reduction of the fiscal deficit in order to stabilize the trajectory of public debt. 2017 estimated inflation is 3% and US$ 42 average price per barrel of oil. >> Read More – September 26, 2016

Pemex director enthusiastic for the new fields discovery but claims it will be taken slowly, and it also shows that Pemex is working to materialize the hydrocarbons reserve potential it has in the oil blocks of the Gulf of Mexico. >> Read More – September 26, 2016

Pemex cuts budget for drilling company Oro Negro. In addition to cutting between US$130,000 - US$ 116,000 to daily rental rates of the equipment, two of the five platforms will be stop for a year. These must help to mitigate contractual risks. >> Read More – September 23, 2016

In 18 months, the Energy Secretary of Mexico cut to a third the expected investments for Energy Reform, US$ 40.142 million. Yet the reform will attract a total investment of over US$ 22.358 billion, due to hydrocarbons tenders, pipelines expansion and the first power auction. >> Read More – September 23, 2016

Renaissance Oil Corporation, headquartered in Canada, won three oil blocks with hydrocarbons reserves under the third call for the Round One, had assumed 100 percent of the operations in these areas. >> Read More – September 23, 2016

Building process of the Abkatun-A2 oil rig, a US$ 450 million contract, to replaced in 2018 the Abkatun A-Permanente oil rig broken in April 2015, for the extraction of 200,000 bpd of Pemex crude in the Bay of Campeche, have begun. >> Read More – September 23, 2016

National Hydrocarbons Commission of Mexico reported that BHP Billiton, British Petroleum, Chevron, Exxon, Inpex, Mitsubishi, Shell, Total, PC Caligari and Lukoil are the 10 prequalified companies to partner with Pemex to enter the Trion field in the deepwater Gulf of Mexico. >> Read More – September 23, 2016

Mexico will formalize Paris Agreement, committing members to work together for the average global temperature not to rise 2 °C. To comply with the agreement, Mexico has an institutional and regulatory framework, laws and Energy and Fiscal reforms. >> Read More – September 22, 2016

Mexico’s Secretary of Energy: Mexican peso depreciation against US dollar could lead to an electricity prices increase, as the formula use to set the rates includes cost of the fuel to generate it and exchange rate. >> Read More – September 22, 2016

Energy Committee of the Deputies Chamber of Mexico seeks to make public the decisions of the independent advisors from Pemex and the Federal Electricity Commission. Also, seeking to include Pemex and CFE within the National Anticorruption System. >> Read More – September 22, 2016

World Bank trust Mexican authorities will respond promptly to international instability and financial volatility as Mexico has made adjustments to maintain its economic balance and maintain an exemplary macroeconomic situation. >> Read More – September 22, 2016

A decline in the US crude stocks of 7.5 million barrels, and gasoline stocks fell of 2.5 million barrels; added to a rise in oil imports in Japan, means good news to the market as oil prices rose. >> Read More – September 22, 2016

Mexican peso fall compared to the dollar, so far in six years, has been worse than that seen during the global economic crisis of 2008. During the first four years of the current administration, the Mexican currency has depreciated 52%. >> Read More - September 21, 2016

Mexico is the second largest importer of gasoline worldwide, surpassed only by the United States. Fuel imports are expected to keep growing due to the lack of refineries and the opening of the energy sector to private companies. >> Read More - September 21, 2016

Fieldwood, the largest shallow waters operator in of the US Gulf of Mexico, seeks a based in Mexico partner, as it plans to start drilling on the Mexican side next year, starting production in 2019. >> Read More - September 21, 2016

The OPEC informal meeting, scheduled for September 28 in Algiers, will seek the possibility of freezing the global oil production. OPEC ‘s General Secretary, said the potential deal to shore up crude prices could be extended to one year. >> Read More - September 21, 2016

NXT seeks alliance with Pemex and private companies to use technology to discover new oil fields, taking advantage of the energy reform which gives the opportunity to partner and have better geophysical information that will allow to better value the partnerships. >> Read More - September 21, 2016

Energy Reform, one of the greatest successes of the last years, as it allows Mexico to generate a new electrical grid, which biggest challenge is to be a fair market to the users with important tariff reduction cleaner electricity. >> Read More - September 20, 2016

Pemex will reduce 8,997 jobs for next year, as proposed by the Economic Package 2017 approved by the Congress. However, directors and managers, increased by 20% compared to the total recorded in 2016. >> Read More - September 20, 2016

Pemex CEO is excited about the latest discovery of new fields that represent new oil and gas production to Mexico, but recognizes that it doesn’t solve the company’s problems, although they are a good start.>> Read More - September 20, 2016

Secretariat of Finance and Public Credit reported progress on financing programs and monitoring of payment extensions as part of the Economic Recovery and Productive Development Program of the oil states of Campeche and Tabasco. >> Read More - September 20, 2016

Moody's: Mexican States will face greater financial pressure in 2017 due to projected transfers proposal, the lowest since 2009, in the 2017 government economic package. >> Read More - September 20, 2016

In commemoration of the National Day of Civil Protection, today September 19, Pemex will perform 123 simulacrums simultaneously on various of its facilities, with over 13000 employees’ participation. >> Read More – September 19, 2016

Mexico’s crude oil exports dropped from US$ 1.713 billion in July 2015 to US$1.360 billion in the same month of 2016, which reveals a sales fall of nearly 20.61% in the latest update compared to the previous. >> Read More – September 19, 2016

Increasing competition in the Mexican oil sector as a result of the energy reform could adversely affect Pemex and deteriorate its financial performance, as well as increase its difficulties to recruit and retain qualified staff. >> Read More – September 19, 2016

In 2017 to continue the oil independence of Mexican public finances, due to a lower oil revenues forecast. Expenditure Budget to decrease from 18.7% in 2016 to 16% in 2017, ie by almost 3 percentage points. >> Read More – September 19, 2016

Pemex carries an 85% advance in the debt to suppliers’ payment and the rest could be settled at the end of the year; of the US$225 million that Nacional Financiera assigned to companies with liquidity problems but projects, only 10% have been authorized. >> Read More – September 19, 2016

Oil rigs leasing turn out to be cheaper for oil companies than to buy or to build one of them. Cicsa, America and Grupo Mexico are some of the Mexican companies that are now taking advantage of this US$ 14 billion business. >> Read More – September 16, 2016

Pemex wells drill success rate is only of 27%, as only 3 of the 11 drillings done during the first semester of 2016 proved to have a commercial return. Other 5 proved to have productive potential, but current oil prices, makes them not profitable. >> Read More – September 16, 2016

In the past 5 years, Pemex has announced the successful drilling of exploratory wells which has resulted in the incorporation of 5.846 MMboe reserves and a potential production of more than 311.600 bd to be develop with different strategies. >> Read More – September 16, 2016

Next Round One tender for 10 oil fields in the deepwaters of the Gulf of Mexico, will shed US$14000 for offshore platforms leasing companies with more than 5,000 platforms operating in the Gulf of Mexico waters. >> Read More – September 16, 2016

The 2016 oil price in its worst record since 2004, with an average price of around US$ 43 so far this year and without signs pointing to a recovery due weaker demand than expected as there is excess supply. >> Read More – September 16, 2016

Global energy investment fell 8% in 2015 falling as of 2014 amounted US$ 2 billion and US$ 1.8 billion in 2015, with a decrease in extraction of oil and gas which it was not offset by increased investments in renewable energy. >> Read More – September 15, 2016

The director of Pemex reported that the first production of recent deposits discovered will be in shallow waters located in the southeast basin, will be at the end of 2017 and will receive private investment of more than 60%. >> Read More – September 15, 2016

Pemex Exploration director explained that discovery of the six new hydrocarbons fields are of gas, oil and petroleum, and was the product of years of research, and an invested of nearly US$ 1 billion in research of deepwaters. >> Read More – September 15, 2016

Santander financial group maintained its estimate of economic growth in Mexico for this year at 2.5%; however, it adjusted a downward projection for 2017 due to the expected decrease in oil production. >> Read More – September 15, 2016

Oil prices recovered after falling 3%, as the US oil reserves, 1.4 million barrels, grew less than what was expected by analysts, 3.8 million barrels. >> Read More – September 15, 2016

IEnova, a Sempra Energy company, which develops, builds and operates energy infrastructure in Mexico and who agreed with Pemex buy 50% stake of the state in the company of Gas pipelines, plans a share offer by more than US$1 billion to finance its expansion. >> Read More – September 14, 2016

Pemex issued, on Tuesday September 13, 2016; 2 dollar bonds, one to seven years and another to thirty, with initial price thoughts of 4.75% and 6.75% area, respectively. The funds raised will be used to finance an investment program and to cover shares purchases. >> Read More – September 14, 2016

The National Hydrocarbons Commission of Mexico authorizes the company Hokchi Energy, a subsidiary of Pan American Energy, the first private drilling of a marine exploratory well in the country, whose operator is consortium of BP and Bridas Energy. >> Read More – September 14, 2016

Pemex discovered two super light crude deposits in deep water and four of light oil in shallow waters, as part of the strategic objective to increased inventory reserves with sustainability criteria and competitive costs. >> Read More – September 14, 2016

General Electric and the Federal Electricity Commission of Mexico agreed to an exchange of technology associated to electricity industry, software and data analysis, to help improve the efficiency of its electrical system. >> Read More – September 14, 2016

Demand for oil from the OPEC averaged 32.48 million bpd in 2017, a lower figure than a previous forecast of 33.01 million bpd. The OPEC raised the supply forecast of nations outside the group for next year, new deposits begin operations and U.S. shale shows greater resistance to falling oil prices. >> Read More – September 13, 2016

Almost a quarter of the investment projects that Pemex had considered carrying out through its subsidiaries and corporate, will be out next year after 2017 budget approval. Of the 364 investment projects that the company has on the waiting list, 266 will materialize. >> Read More – September 13, 2016

Moody's: The higher revenues, than expected, from the tax reform approved in 2013 have helped offset declining oil revenues, but if taxes revenues are not maintained, the Mexican federal government could default on its objectives. >> Read More – September 13, 2016

Mexico has six refineries, which produce so little that amounts to only two operating. But demand for gasoline and diesel does not fall. Oil and its derivatives total 43% of cargo ports and in one year imports have increased by 11%. >> Read More – September 13, 2016

New budget cut on Pemex restrains it, making it weaker and more vulnerable to international energy market. Pemex must submit as soon as possible a business plan to define the strategy to slow deterioration and resume production. >> Read More – September 13, 2016

The National Hydrocarbons Commission of Mexico authorized Seismic Enterprises to perform reconnaissance and surface exploration in the southeast of the country because in this area there are blocks that can be considered for rounds 2, 3 and 4. >> Read More – September 11, 2016

Mexico is preparing a new system of refineries, a modular scheme to meet local demand at a much lower cost, financed by private companies with smaller sections to provide energy security to various areas of the country plants. >> Read More – September 11, 2016

In the past six years, Pemex has suffered losses of approximately US$ 2437 million due to oil theft through illegal connections to its pipeline infrastructure; almost 2.98% of the total sales of the company during 2013, which were for a US $ 29 billion. >> Read More – September 11, 2016

Pemex will evaluate the decision of downsizing its work force based on the company’s profitability, which is expected to increase due to associations for exploration and production of blocks that will be tender in the coming rounds. >> Read More – September 11, 2016

Secretariat of Finance and Public Credit of Mexico proposed to gradually release gasoline prices on 1 January 2017, since it considered that fiscal conditions are ready and the authority regulatory capacity is strengthening. >> Read More – September 11, 2016

General Director of the Mexican subsidiary of Gulf Oil on the release of gas prices in Mexico: exports are not only linked to prices, also to the transportation and distribution infrastructure, which has only Pemex. >> Read More – September 9, 2016

Mexican federal government plan to reduce public spending in 2017 does not involve taxes raise, but includes a new cut of US$ 5393 million for Pemex which should adjust its cost structure and business strategy to cope and survive low oil prices. >> Read More – September 9, 2016

Geo Strata is back to participate in Round Two bidding for Mexican oil blocks, and is now seeking international funding to become an oil company from being a service company. Negotiations with investment funds in Norway. >> Read More – September 9, 2016

Pemex will work with the Ministry of Finance during the approval process of 2017 economic budget in order to streamline the financial and costs structure and will take advantage of the energy reform to strengthen its operation. >> Read More – September 9, 2016

Mexican government doesn’t expect Pemex to reach the 2 million bd of production in 2017. It forecasted 1,9 million bd to be produced, representing a decline of 200,000 bd compared to the daily average of 2.1 million barrels produced so far in 2016. >> Read More – September 9, 2016

Secretary of Energy of Mexico: of the 10,000 kilometers that will be added to the national gas pipeline system, to be completed by 2019, has an advance of 78% among pipe already installed, under construction and another part on preparative stage. >> Read More - September 8, 2016 

Mexico’s Ministry of Finance set at 3.0% and 4.0% minimum and maximum values, respectively, of additional royalty for the Trion block in the Gulf of México. The winning bidder is obliged to recognize Pemex investments on the block and will present an additional royalty offer. >> Read More - September 8, 2016

During the second quarter of 2016, total crude oil processing decreased by 3.5%, due mainly to lower heavy crude oil processing at refineries of Minatitlan and Madero, as a result of unscheduled shutdowns and failures in ancillary services. >> Read More - September 8, 2016

After nearly two months late, Pemex received one of the two ships ordered to build in 2014 in Spanish shipyards, a floating hotel named "Pemex Reform" which together with the other boat, will be used to accommodate oil rig workers. >> Read More - September 8, 2016

Public investment in the Mexican oil industry declined by 35.5% due to budget adjustment allocated to the energy sector, and to low oil prices; despite this, new oilfields were discovered, with a potential of 200000 barrels of hydrocarbon production per day. >> Read More - September 8, 2016

The National Hydrocarbons Commission of Mexico and the National Agency of Petroleum, Natural Gas and Biofuels of Brazil, signed a technical cooperation agreement to exchange information, knowledge, initiatives, technologies, procedures and research for mutual benefit. >> Read More – September 7, 2016

Pemex financial debt, which doesn’t include labor liabilities, is one of the largest worldwide for energy firms and has already exceed that of two of the largest oil companies together, BP and Chevron, with a total of US$98.9 billion at the end of the first half of 2016. >> Read More – September 7, 2016

Private companies extracting oil in Mexico rose its production by 22.5% in just two months, increasing it from 6,544 bd to 8,019 bd, according to the Mexican Petroleum Fund. Renaissance Oil Corp is leading the list, as it provides 8 out of 10 barrels produced. >> Read More – September 7, 2016

Murphy Oil, Petroliam Nasional, and Sierra Oil & Gas are talking to form a group that would make a joint bid for the opportunity to operate independently offshore fields in the deepwater of the Gulf of Mexico. >> Read More – September 7, 2016

The National Hydrocarbons Commission approved a reduction of between 40 and 80% of the surface of 15 areas assigned to Pemex in Round Zero, after the federal government determined the existence of natural areas to safeguard. 
>> Read More – September 7, 2016

Before 8 September, the government of Mexico will have to announce a draft budget for 2017, facing the challenge of a debt that could become unsustainable, falling oil prices, spending increase, and Pemex payments on pensions. >> Read More – September 6, 2016

Shell, Exxon Mobil, Chevron and BP will occupy Pemex renovated gas stations. Many companies seek to enter the gas market in Mexico; however, rules are not clear enough for a full market opening, plus tariffs still don’t allow competitive pricing. >> Read More – September 6, 2016

Pemex reduced its revenues by 14% during the first seven months of the year at an annual rate; due to pricing, vehicle efficiency, fuel theft, and a decrease of 29% in sales of gasoline by a lower retail price and demand.>> Read More – September 6, 2016

Oil sales from Mexico to China, the second Mexican product most sold to China, with sales of US$261 million, grew by 10% despite a slower growth of the Chinese economy and lower purchasing of raw materials, which have decreased. >> Read More – September 6, 2016

Saudi Arabia and Russia signed, on Monday 5 September, a cooperation agreement in the oil market, which includes the possibility of restricting production. The announcement caused a rise in oil prices in expectation that both countries associated to address the excess of supply. >> Read More – September 6, 2016

Mexico remained in fourth place as a net supplier of crude to the United States by volume, with sales of 128 million barrels of oil between January and July worth US$ 4.205 million. >> Read More – September 5, 2016

The Latin American Oil and Gas Association: 300 Mexican companies could consolidate projects in the energy sector in Cuba, whose policy is aimed to create, expand and modernize the productive capacity of the sector with its own efforts and with the support of foreign investment. >> Read More – September 5, 2016

According to information from Bloomberg, Royal Dutch Shell had participated in the payments product of hiring oil hedging by Mexico to ensure a minimum income per barrel, making it part of the group of banks like JPMorgan, Goldman Sachs, Morgan Stanley, Barclays, among others. >> Read More – September 5, 2016

Pemex hasn’t received interest expected, by major oil companies, in the Perdido exploration of reserves, as the joint operating agreement exposes Pemex partners to excessive environmental risks, a higher minimum amount to cover its participation, and the agreement regulation by Mexican law, which lacks clarity. >> Read More – September 5, 2016

Pemex received from the government an equity contribution of US$7192 million as part of the assumption of pension liabilities and pension agreement between tax authorities, Pemex and its union. >> Read More – September 5, 2016

OPEC’s oil production reached its highest level in recent history during August, as Reuters showed, at a time when additional supplies coming from Saudi Arabia and other members of the Persian Gulf offset losses from Nigeria and Libya. >> Read More – September 2, 2016

The National Hydrocarbons Commission adds 36 authorizations of surface exploration and recognition granted to 15 companies exploring the Gulf of Mexico to study 2D and 3D seismic. 19 are already in progress and 5 to start. >> Read More – September 2, 2016

Pemex must convince financial markets it doesn’t represent an unsustainable problem for public finances in the coming years, it should announce its business plan; however, the Pemex debt, by a total of US$158 billion would require new capitalization by the federal government. >> Read More – September 2, 2016

September is expected to be the first month, in more than 2 years, in which oil will generate inflation to the global economy again. Experts surveyed by Bloomberg believe that oil will be trade at an average of US$ 50 during the last months of the year. >> Read More – September 2, 2016

BHP Billiton, BP, Chevron, Inpex Corporation, Total, Exxon, Shell and Mitsubishi seek to be part of the Joint Operating Agreement AOC with Pemex to develop the Trion block. Pemex will have 45% of the consortium. >> Read More – September 2, 2016

Pemex recovered about 200,000 liters of hydrocarbon illegally dug out from its pipeline infrastructure in the state of Oaxaca, as a result of coordination between the federal, state, and municipal authorities, as well as the Secretariat of National Defense. >> Read More – September 1, 2016

The international reserves of the Bank of Mexico closed Aug. 26 week with a balance of US$ 176,348 million. So far this year, Pemex's account has a positive balance with US$ 2.097 million. Still, this amount is lower than that of the same period of 2015, which was US$ 2.777 million. >> Read More – September 1, 2016 

Chevron, ExxonMobil, Total and BP, have not only shown interest in the Farm Out association with Pemex for Trion block E&P, with a volume of oil recoverable gas estimated at 485.4 million barrels, but had also requested access to the data room. >> Read More – September 1, 2016

Pemex CEO: one of his greatest achievements, in the 7 months from his arrival, is the participation in the Round 1.4 and the Trion block Farm Out launch, also, net loss reduction by 21.4% less than reported in 2015. Now he expects to generate revenue for the state oil company. >> Read More – September 1, 2016

The World Bank praised the macroeconomic and price stability of Mexico in spite of the oil price fall and the impact of adverse events in the global economy, challenge that has been faced for a long period with actions like public spending cut and oil hedges. >> Read More – September 1, 2016

Two weeks before the Mexican government submit its 2017 budget proposal, government financial obligations and oil sector difficulties, due to a slowdown of the industrial sector and weak performance of exports and investments, put Mexico far from the growth expectations. >> Read More – August 31, 2016

In Mexico, during 2015 only 2.700 million barrels were discovered, the lowest volume since 1947. This year drilling activities had only found 736 million barrels of conventional crude. The decline is mainly due to drillers exploration projects budgets cut due to falling oil prices. >> Read More – August 31, 2016

Pemex is evaluating options to optimize processes and improve it figures. It will seek partnerships with other companies to make more efficient refineries as its plants require investments that at this time the company cannot afford. >> Read More – August 31, 2016

Secretariat of Finance and Public Credit revealed that the Mexican Federal Government contracted debt at a rate of US$ 62 million per day in the last seven months. At the end of July 2016, the debt amounted to US$ 472 million. >> Read More – August 31, 2016

According to the Ministry of Energy of Mexico estimations, the country has a high potential for renewable energy production. By 2024, 35% of the energy should be generated by clean sources, and by 2050, 60% must come from renewable sources. >> Read More – August 31, 2016

Mexico ratings by analysts, Standard & Poor's and Moody's, say that the GDP has grown at an average rate of 2.5% between 2005 and 2015, net debt has increased from 28% of GDP to 45 points in the same period, which overstep Mexico, since it hasn’t a high average economic growth.>> Read More – August 30, 2016

Middle Eastern Capital funds are interested to invest in Mexico, especially in the energy and tourism sectors, particularly in renewable energy. They are seeking large-scale projects, of US$ 500 million or more.>> Read More – August 30, 2016

Pemex will seek the internationalization of its franchise by opening gas stations with its image in other countries, expanding the presence of the company in other markets, aiming to create a new business niche that will bring additional earnings. >> Read More – August 30, 2016

The National Hydrocarbons Commission of Mexico is evaluating whether to postponed the auction of farm-out of Pemex in Trion, which was going to take place in the first days of December, due to the low participation of oil companies. Hardly they have two companies. >> Read More – August 30, 2016

Although Pemex has increased, by 12% in the last 10 years, its refining capacity, the use of the refineries has been declining continuously due to lack of resources for operation and maintenance. >> Read More – August 30, 2016

Pemex is letting out savings worth at least US$ 5.5 billion for the nonperformance of a medical services surrogacy contract for it workers, since the implementation of a software to monitor medical services to 108,000 beneficiaries was not achieved. >> Read More – August 29, 2016

Mexican oil adds 25 months of exports decline. The average sale price for the Mexican oil mix was US$ 38.27, US$1.92 less than in the previous month and US$ 8.29 less than in the same period last year. Regarding volume sold, 114 million barrels per day were sold. >> Read More – August 29, 2016

OPEC assured that a growing awareness to take action on the management of oil production in order to support prices is being observed among the members as they seek to complement traditional market forces after seeing where the non-interventionist approach led. >> Read More – August 29, 2016

Mexico's energy sector has made progress in clean energy projects to generate electricity, while oil production continued to decline and the proved oil equivalent reserves went from 13 billion barrels in 2015 to 10 billion barrels earlier this year. >> Read More – August 29, 2016

The Ministry of Finance and Public Credit completed an oil hedging hiring for the coming fiscal year 2017, at a price of US$42 per barrel at a cost of US$2 billion. With this operation, is already 12 years of strategy to implement a prudent policy to ensure oil revenues. >> Read More – August 29, 2016

The Mexican National Hydrocarbons Commission and the Secretary of Energy signed, last Friday August 26, 6 contracts for hydrocarbons exploration and production, completing the award of contracts on the third phase bidding of Round One. >> Read More – August 26, 2016

Due to Energy Reform, Mexico will take a more active role in the global energy context, as it will be part of the IEA participating in the generation of binding decisions on energy policy. The IEA requires from its members to maintain oil equivalent reserves of 90 days of net imports in the previous year. >> Read More – August 26, 2016

Mexicans get more out of oil wealth without acquiring debt or compromising the federal budget due to Energy Reform, as oil tenders become an ideal transparent mechanism to attract investments, promote O&G private companies’ participation, and seek for Pemex associations promoting development. >> Read More – August 26, 2016

Gasoline prices will open from January 1 2018, and from 2017, Mexico will open its gasoline import and retail market to private companies. There are currently 16 private Mexican brands, and 75% of gas stations in the country belong to small owners. >> Read More – August 26, 2016

Mexico's Trade balance accumulated deficit of US$ 8.9 billion from Jan-Jul 2016, 37% more than in the same period of 2015. Oil exports recorded a US$ 1.6 billion revenues, exports segment that recorded the most significant decline during July, 22%. >> Read More – August 26, 2016

Presidents of Mexico and Peru will discuss Peruvian gas export contracts as Shell signed an export contract with Mexico and is now selling it at the lowest price in the market, securing prices, for 18 years, to the lowest price of gas in the world. >> Read More – August 25, 2016

Pemex investment on exploration went from US$2.7 billion in 2000 to US$16 billion in 2015, which is not reflected in improvements to the production platform as the results keeps to go down due to falling prices. Pemex financial situation still is complicated. >> Read More – August 25, 2016

Secretary of Energy: Mexico will import all its natural gas through pipelines by 2029, mostly from the United States, a 70% increase from 2015 levels. >> Read More – August 25, 2016

CNH announced that 26 companies already prequalified for bidding for Round 1.4, 16 as operators and 10 as financial partners, in which Pemex will be operator. This is the first time that Japanese companies come to the prequalification process. >> Read More – August 25, 2016

Pemex: 2015 consolidated balance debt was of US$79 million and the financial cost of US$4 million, 5% of the total debt balance. 73% of its debt is contracted at a fixed rate, and 23% in local currency, an opportunity to grow the bond placement domestic market. >> Read More– August 25, 2016

Pemex imported 554 thousand barrels of gasoline in July, making it the month with highest volume of fuel imports in 26 years, 7 out of every 10 liters of gasoline sold in Mexico come from abroad while earlier this year the ratio was 5 out of 10. >> Read More – August 24, 2016

Round Two of the Energy Reform will tender 12 hydrocarbons areas containing 39 oil and gas fields, which will attract US$5,000 billion investment and will and generate up to 5,300 direct jobs. The areas are, on average, 14 times larger than those offered in Round One.3. >> Read More – August 24, 2016

Pemex's production fell 0.9% in July, reaching 2.158 million barrels per day, while fuel exports increased by 4.37% driven by sales in Europe which rose 25%, and to Asia rising by 15%. Exports to America, of which 90% are destined to the United States, fell 6.7%. >> Read More – August 24, 2016

Pemex seeks partners to operate six of its existing plants after 15 consecutive quarterly losses and after canceling plans to build a 300.000 barrel per day refinery, as a consequence of low oil prices, debt high levels and failure to find finance partners. >> Read More – August 24, 2016

Mexico to maintain fiscal prudence, reduce and control costs, and financially support Pemex to avoid a debt increase which could reach 40% of Mexico’s GDP. >> Read More – August 24, 2016

Moody's states that the capital injection by the Mexican Federal Government, equals to Pemex labor liabilities reduction by US$ 10.089 million, will be positive for its financial profile, whose qualification was reduced this year due to negative outlook. >> Read More – August 23, 2016

Mexican economy contracted by 0.2% for the first time in three years, during the second quarter of 2016. The oil sector has contracted by about 3% this year compared to the previous one due to the fall in oil prices. >> Read More – August 23, 2016

LP gas, used by 80% of the population Mexico wide to meet its energy needs, distribution worth US$ 8,000 million and it is transported by portable cylinders, stationary tanks or carburetion stations. >> Read More – August 23, 2016

The United States only buys 53% of Mexico's oil exports, a 28.1% fall in the volume of imports of crude from 2008-2015 as in the past seven years, the United States reduced its interest in Mexico’s oil sales from 85.3 to 53.2%. >> Read More – August 23, 2016

Pemex opened to Afores, Retirement Funds Administrators, to invest in Trion oil block and be part of the first alliance between the national oil company and private companies. >> Read More – August 23, 2016

National Hydrocarbon Commission of Mexico will inform next Tuesday, August 23, 2016, the basis for the second phase of the upcoming Round Two where 12 contracts will be auctioned, in the framework of the Energy Reform implementation. >> Read More – August 22, 2016

Energy Secretary of Mexico ruled out an LPG shortage possibility in the country after private distributors threatened to stop importing part of the volume to meet the domestic demand, affirming: "There won’t be shortages if any, Pemex would be responsible to cover it". >> Read More– August 22, 2016

Pemex external auditors like KPMG and BDO Castillo Miranda sustain that Pemex might not be able to keep operating if the actions taken to improve the financial situation aren't successful, due to repetitive operating losses and working capital and heritage decline. >> Read More– August 22, 2016

Mexico's public finances no longer dependent on oil revenue. 56.5% of net private spending was covered by tax collection during the first semester of the year as it totaled US$ 76,152 million. Taxes for Income, value-added tax and others. >> Read More – August 22, 2016

Mexico required to train 135.000 technicians and specialists to meet the needs arising from the Energy Reform like research, investment, competitiveness and legal certainty. >> Read More – August 22, 2016

Mexican Petroleum Institute transfers 50 years’ information to the National Oil Information Center, one of the objectives of energy reform, subsoil data, seismic studies and information obtained in the exploration and extraction of hydrocarbons. >> Read More – August 19, 2016

In addition to its financial problems, Pemex faces production drop, which could be reduced by 700 thousand barrels per day in 2020. Production decline revealed fiscal framework flaws that may require modifications or 'energy reform 2.0' according to Morgan Stanley analyst. >> Read More – August 19, 2016

Exxon, Chevron and Hess Corp may have agreed to bid together for oil fields to drill in Mexico’s deepwater areas after reaching a Joint Operating Agreement allowing the consortium to bid to produce oil in the 10 areas up for auction. >> Read More – August 19, 2016

The United States has not only reduced its crude oil purchases to Mexico, but it is also becoming a sale abroad competitor as it is increasing its exports and reaching countries where Mexico has a commercial presence like the Netherlands, China and Italy. >> Read More– August 19, 2016

Colombia and Peru have become oil investment focal points in Latin America. Traditionally dominant markets such as Mexico and Brazil, were relegated due to difficult internal situations which make them unattractive to foreign investment. >> Read More – August 19, 2016

Main tree ports of Mexico have lower its cargo movement; as Mexican economy has slowdown due to hydrocarbons dynamics. Those tree main ports negative behavior is because the main product transported from there was oil and its derivatives. >> Read More – August 18, 2016

Pemex increases retirees during 2015 by 10,454 over the previous year, i.e. up 12%, the biggest increase in inter-annual comparisons. Pemex also decreased 151% annual net cost of employee benefits due to pension and retirement plan update. >> Read More – August 18, 2016

Cuba and Mexico will strengthen its bilateral relations in order to take advantage of hydrocarbons exploration and production opportunities due to Cuban economic model change. Western Polygon, to determine how hydrocarbons E&P will be without damaging others properties. >> Read More – August 18, 2016

Foreign Direct Investment in the energy sector of Mexico recorded US$ 1.5 billion during the first six months of the year, a 93% increase over the same period last year. Almost US$543 million corresponded to investment for gas transportation. >> Read More – August 18, 2016

Mexican group Chico Pardo and O'Hara Administración Co presented an offer of US$ 575 million for restructuring oil company Pacific E&P Corp.>> Read More – August 18, 2016

Energy Reform increased Sener spending during the first six months of 2016. It spent US$ 256 million as it required more resources to finalize the signing process of the oil fields awarded during the first 3 bidding processes, 64% over the approved budget for 2016. >> Read More – August 17, 2016 

Secretariat of Finance and Public Credit will give Pemex up to US$ 10 billion; same amount saved due to an agreement with the union to change its pension system, as a result, Pemex will reduce by 28% its labor liabilities. >> Read More – August 17, 2016

Geothermal energy has become an attractive option of clean energy to Latin American countries, which will benefit of less environmental impact and at a lower cost than required by fossil fuels, as well as new funding models. In Mexico, there are already four active fields. >> Read More – August 17, 2016 

LP gas price in Mexico was reduced by 10% as a market competition strategy like the energy reform seeks. Fuel distributors: supply to be jeopardize. >> Read More – August 17, 2016

After reaching a three-month lowest point early August, Pemex oil mix rose above US$ 40, with a 20.29% gain during these this time, due to new intentions to freeze global production and the ability to take measures that allow balance the global energy market. >> Read More – August 17, 2016

Pemex saved US$ 10.214 million after renegotiating the pensions and retirement contract with the union workers, as a result of a review by an independent expert on the payment of the federal government. >> Read More – August 16, 2016

Diarqco, 24 years of experience providing services to Pemex, and one of the new oil companies in Mexico after winning two fields in Round 1.3., is now seeking a partner or merge opportunity for oil exploration and production. >> Read More – August 16, 2016

Refmex, US capital group, will invest US$1.5 billion on the first modular refinery construction with a processing capacity of 40,000 to 60,000 bd, which will be located in Campeche. Highly viable business conditions, due to the demand and legal facilities. >> Read More – August 16, 2016

Pemex and the Mexican government will offer 15 blocks with prospective reserves of 587 million barrels of equivalent oil, in Round 2, as it urges to produce more light oil, because it is processed into gasoline and diesel.>> Read More – August 16, 2016

Mexican government relying on investors’ interest in its energy sector, therefor it will launch Round 1.4, for deep waters, 2.1 and 2.2, for shallow waters, at the same time. >> Read More – August 16, 2016

Mexico's Secretary of Economy: domestic market good performance allowed to faced shortcomings due to low oil prices. Gasolines policy to respond to market conditions, as when oil is expensive must be reflected so that there are efficiencies and savings in the economy. >> Read More– August 12, 2016 

Pemex reduced its greenhouse gas emissions by 6.3% in 2015 compared with 2015. 40% cumulative reduction since 2008. Pemex also invested nearly US$11 billion to promote balanced social development of the oil regions. >> Read More – August 12, 2016

Mexico’s National Center for Natural Gas Control, Cengas, will pay US$164 million to Pemex for technical advice, operation and maintenance services of the pipeline infrastructure system, after acquiring it when Pemex turned over 9,000 km of pipelines for gas transportation. >> Read More – August 12, 2016

2015 has been Pemex worst year in 8 decades due to economic losses, budget cuts, the end of its oil monopoly, oil prices fall, 30% more oil leaks and spills, 44% increase of oil theft from pipelines, among other bad results in other aspects of the largest company in Mexico. >> Read More – August 12, 2016

Burned gas by Pemex rose to 13.1% of production in the first semester of 2016, which means that to current reference price has lost about US$ 360 million, while gas production declined 6.4% and imports rose nearly 27%.>> Read More – August 12, 2016

Pemex evaluates to purchase oil coverage, same strategy Mexico’s Federal Government use to guaranty public revenue due to oil sales; and to partner with private companies for oil refining, in order to produce low cost gasoline. >> Read More – August 11, 2016

Propell Technologies Group, U.S. provider of enhance oil recovery technology, will begin a program to treat 15 wells for Pemex in late August with the program running through December 2016. >> Read More– August 11, 2016

Pemex and Mexico’s Federal Electricity Commission still have five outstanding issues regarding the energy reform concerning oil and electricity matters. Partnerships and Joint Ventures between Pemex and privates, payments from SENER, among others. >> Read More – August 11, 2016

Pemex will report on sales agreement with American multinational private equity firm, KKR, about assets involved, its market value and the sale price agreed, to Mexican Congress. Pemex to inform how this operation affects its stockholders’ equity. >> Read More – August 11, 2016

Lower oil demand by economic slowdown in 2017 growth of 1.2 million barrels per day is estimated, whereas previously was estimated at 100 thousand barrels more per day. >> Read More – August 11, 2016

Oil exports value in Mexico fall 8.8% in June 2016, totaling US$ 1.098 million barrels per day. Exports have fallen 76% since 2012. Sales to the U.S. rose 4.6% to 600,000 bpd, and the ones to the Far East fell almost 25% to 281,000 bpd. >> Read More – August 10, 2016

Secretary of Energy of Mexico: four groups of companies are now studying opportunities to invest in projects to build new refineries in the southeast region of Mexico, specially Campeche, Tabasco and Veracruz.>> Read More – August 10, 2016

Investors interested to finance construction projects of warehouses, transportation, distribution and logistics centers for oil reception from abroad, as they anticipate it will be easier and cheaper to bring hydrocarbons from the outside than to produce them in Mexico. >> Read More – August 10, 2016

Pemex adjustment for US$5 billion had to be carried out due to a miscalculation of the Mexican oil price in the Expenditure Budget of the company, as they estimated to be around US$32 per barrel, but early Feb was at less than US$20. >> Read More – August 10, 2016

One of the objectives of the Energy Reform is to create a private industrial system that coexists with Pemex, which has managed to link 27 new companies from 7 countries. 18 companies are Mexican. >> Read More – August 10, 2016

Altos Hornos de Mexico, Mexico's iron and steel industry integrated company: mining, steel, gas, and petrochemical, will venture into oil exploration and production in Mexico, although oil exploration is not of its strength, gas is. >> Read More – August 9, 2016

Pemex hasn't imported a single barrel of oil from the United States this year although it has permission to do so, as oil is expensive and lack of infrastructure to transport hydrocarbons from the U.S. to Mexico. >> Read More – August 9, 2016

At least during the first six and a half years of operations in the Trion field, Pemex will be exempt from any investment due to negotiated conditions, although it will same representation as the operator and other allies on the committee, but it can only have 1/5 of employees in the field. >> Read More – August 9, 2016

Mexico will face, in 2017, further raw materials prices declines and low platform crude oil extraction. Government projected that oil production platform will continue descending to levels of 2028 million barrels. >> Read More – August 9, 2016

Pemex property, plant and equipment deterioration totaled US$5 billion at the end of the first semester 2016, a 3186% rose from reported on the same period 2015. >> Read More – August 9, 2016

Mexico shifted Canada as first largest exporter of goods to the United States. Although Canada reduced its oil, gas and electricity sales due to lower prices, it still leads the markets in these products. While Canada leads in automotive parts and cars. >> Read More – August 8, 2016

Imported gasoline in Mexico, during 2015, represented 53.8% of the total national consumption. US$86 billion on imported gasoline, natural gas and petrochemicals. Trend to continue if new refineries are not built. >> Read More – August 8, 2016

OPEC: oil prices will rose this year as an increased on the oil demand is expected in the third and fourth quarter of 2016. OPEC members will hold an informal meeting during the XV International Energy Forum, in September 2016. >> Read More – August 8, 2016

Pemex to modernize its gasoline and gas transport infrastructure from the Gulf of Mexico to the Pacific, which means competitive advantages due to lower transportation costs and production of oil in refineries. >> Read More – August 8, 2016

Petrobal analyzes to participate as a financial partner in the project Trion discovered by Pemex due to reserves and geological conditions of the block. >> Read More – August 8, 2016

Renewable energies, such as solar, of Mexican interest, to grow due to Energy Reform. By 2018, 5% of renewable energy in the form of electricity to homes from which 72% will be solar energy. >> Read More – August 5, 2016

Chevron, BP, Eni, Shell, Statoil and Exxon Mobil, as well as Pemex, had poor results at the end of the second quarter of 2016, on the fourth call of Round One eve. >> Read More – August 5, 2016

To supply vehicles demand of fuel in Mexico, Pemex needs 812 million barrels per day, but it only produces 377 million barrels per day to meet the demand, so that demand is satisfied through imports. >> Read More – August 5, 2016

Bank of America cut its forecast for Mexico GDP growth in 2016 to 1.9% from a previous estimate of 2.5% due to weak external demand and fiscal and monetary policies. >> Read More – August 5, 2016

Pemex sent the least amount of crude to refineries in 21 years, 934 million barrels per day in July, the lowest figure since 1995, due to stoppages in refineries and problems amounts of water for their internal processes. >> Read More – August 5, 2016

Pemex began the evacuation of 15000 offshore workers from dozens of platforms near the Campeche in the Gulf of Mexico as a preventive measure to the hurricane Earl. Minimal impact on hydrocarbons production. >> Read More – August 4, 2016 

Low oil prices, gasoline price above established, and a lack of effective competition, will result in constant gas prices rise. In August gasoline prices will be higher than of July. August 2016 will be higher by 3% compared to August last year. >> Read More – August 4, 2016

Secretary of Energy, Secretariat of Finance and Public Credit, Pemex and Federal electricity commission will appear to explain the reasons for the increases in gasoline prices and electricity rates. >> Read More – August 4, 2016

Pemex resources intended for unsuccessful wells increased by 18.3% after expending US$ 594 million during the first half of 2016. US$ 91millons more than during the first semester of 2015. 34 wells to be completed this year, of which only 11 has been terminated, 33% of the goal. >> Read More – August 4, 2016

Oil prices rose, after the EIA reported a decline in gasoline inventories in the United States. The US inventories fell 3.26 million barrels to 238.2 million. >> Read More – August 4, 2016

Pemex petrochemical production for the first semester of 2016, 2.16 million tons, decreased by 21.7% compared to the same period last year, due to lower availability of ethanol and operational failures in trains for transportation. >> Read More – August 3, 2016

TransCanada, Sierra Oil & Gas and TMM will invest US$800 million for storage and distribution of petroleum products in Mexico. This project aims to set up infrastructure to distribute fuel in central Mexico from a maritime terminal. >> Read More – August 3, 2016

Mexico fight low oil prices due to coverage, after setting a price of US$49 per barrel, above market current levels. Mexico could receive more than US$ 3 billion at the end of the year when collecting the coverage for the oil price. >> Read More – August 3, 2016

Puebla State University: oil extraction and refining, to be an independent industry with a better infrastructure for Mexicans to consume what is produced in the country. Oil industry does not allow free supply and demand for a better price to the consumer. >> Read More – August 3, 2016

Pemex reports 2864 oil thefts to its pipeline infrastructure during the first half of 2016, 10% more than reported in the same period of 2015. Pemex estimates annual losses for US$ 1 billion, an average of US$ 88 million per month. >> Read More – August 3, 2016

Profit margin in Mexico for oil production was US$ 7.73 per barrel. Compared to 2015, it fell US$1.08 dollars, due to unfavorable fluctuations in domestic refining margins. >> Read More – August 2, 2016

Moody's: Mexican companies credit quality to remain stable until first semester of 2017 or at the end of 2017, as most Mexican companies have a risk of medium or low liquidity, due to stable economic growth. >> Read More – August 2, 2016

Mexican peso was the most depreciated currency as a result of a drop in oil prices due to Saudi Arabia discount of US$1.1 per barrel to its Asian customers. For eight consecutive days, the Mexican crude oil closed with losses. >> Read More – August 2, 2016

National Hydrocarbons Commission will review the process to quantify Mexico’s reserves, seeking to reduce state resources and time to get final data, intending is to reconcile the quantity between oil companies and the CNH faster. >> Read More – August 2, 2016

Pemex loses appeal in the US for US$406 Mm. A Court of Appeals confirmed arbitration decision won by KBR to Pemex. >> Read More – August 2, 2016

Mexco’s National Hydrocarbons Commission, Secretary of Energy and Secretariat of Finance and Public Credit, announced changes to the contracts model and bidding bases of the forth call of Round One tender.>> Read More – August 1, 2016

Iraq seeks to attract Mexican investors in its energy, industrial and infrastructure sectors. 15 Mexican companies already active in Iraq, mainly in pipelines, although bilateral trade between countries remains weak. >> Read More – August 1, 2016

Statoil, Total, Repsol, Chevron and Exxon Mobil among the consortia interested in partnering with Pemex for Trion exploration and production. The only one that exceeds Pemex level of production and marketing is ExxonMobil. >> Read More – August 1, 2016

Mexico and Italy to cooperate in the development of renewable energy from the structural reforms implemented by both countries. Agreements include sustainable extraction of hydrocarbons, commerce and tourism.>> Read More – August 1, 2016

BBVA – Bancomer financial group established a credit plan for Pemex providers. Support programs to defer payments and to not exceed original deadline. >> Read More – August 1, 2016

Mexico promotes the Pacific Alliance as a true integration with Colombia, Chile and Peru to increase bilateral trade. >> Read More – July 29, 2016 

Mexican Oil Fund for Stabilization and Development, began managing financial aspects of 19 contracts for hydrocarbons exploration and production awarded to the winners of the Round One tender. >> Read More – July 29, 2016

Pemex reported total revenues of US$13.6 billion between April and June 2016, a US$4.4 billion loss compared to same period 2015. Pemex slightly reduced its loss due to a rise in operating profit and a drop in oil production taxes. >> Read More – July 29, 2016

The two Mexican state productive companies achieved good results in the first semester of 2016. CFE reported a net profit of US$ 5709, for the first time since 2010. And Pemex reported a decrease of 21.4% in its net loss over the same period of 2015. >> Read More – July 29, 2016

Oil & Gas Companies needed the barrel of oil to reached US$50 to resume drilling activities. Now, they had raised barrier to US$ 60 or more before they can resume production in a meaningful way. >> Read More – July 29, 2016

This year to be ready the pending regulation for hydrocarbon industry, including unconventional oil and gas exploration and production, to regulate safety and environmental protection systems in E&P operators.>> Read More – July 28, 2016

Pemex will have a 45% stake in Trion block on a Joint Operating Agreement with the various companies that could win the bidding, which will distribute the remaining 55%. Private companies to investments US$464 Mm. >> Read More – July 28, 2016

Ernst & Young study affirms that some Latin American large economies, like Mexico and Brazil, will be surpassed by countries with a more stable economy and lower political risk, like Colombia and Peru, among other Latin-American countries. >> Read More – July 28, 2016

Under Secretary of Hydrocarbons of Mexico, key piece in the energy reform process, will step down amid Round One bidding for oil contracts.>> Read More – July 28, 2016

Ecopetrol's Colombian Petroleum Institute looking for opportunities in Mexico with mission to DF and Tabasco. Seeking to open new business prospects in the energy sector, specially Oil & Gas, and to identify potential partners. >> Read More – July 28, 2016

Mexico and the United States in the fourth industrial revolution, an opportunity to produce income for US$ 100 billion. Technology will be the incentive for growth factor allowing energy companies to discover oil and gas deposits through big data. >> Read More – July 27, 2016

World Bank raised its estimate for 2016 oil prices from US$41 to US$43 a barrel due to supply disruptions and to a stronger demand during 2Q16. Although oil demand will be higher, supply will still be greater, there for, prices will be 15% lower than in 2015. >> Read More – July 27, 2016

Fitch Ratings decreased currency rating of Pemex and Light & Power Company as the Credit quality for state enterprises are linked to sovereign risk given its strategic importance for the country. >> Read More – July 27, 2016

Gas flaring by Pemex, which has doubled in the last 2 years, used to be for reasons that were once new, optimize the production of liquid and gas to minimize oil as the margin was much greater, and now seem outdated. >> Read More – July 27, 2016

Secretary of Energy: Wednesday, July 27, 2016 begins the bidding process for Pemex's Trion block, looking for partners to carry out Exploration and Production activities, which will allow Pemex to access venture capital, knowledge and technologies transfer to increase production. >> Read More – July 27, 2016

Lack of data on countries inventories like Russia and China contributes to a more cryptic and volatile oil market, as inventories are more important than the OPEC on influencing prices role. >> Read More – July 26, 2016

Pemex oil exports fell 8,8% in June, however, sales to the Americas region rose 4.6% and to the Far East fell by 25%. Pemex estimated 2016 production at 2.13 million bpd, due to the severe budget and investments cut. >> Read More – July 26, 2016

Pemex will have a 4 years’ term to give 70% of the natural gas sell stake to the Mexican industry, to private companies. Pemex must give up part of it contracts. >> Read More – July 26, 2016

Mexico's natural gas demand for the next 4 years will grow 14% annually, while domestic production will fall by half of what was expected. Imports slow it pace, although with a 10% increase more than demand. >> Read More – July 26, 2016

Although Pemex has recovered by rising oil prices, export earnings fell 37%. Still remain lower than recorded 2015. >> Read More – July 26, 2016

After 5 days of operating stoppage, due to due to low pressure in the river that feeds the Cadereyta refinery boilers, Pemex will import gasoline and diesel to cover for the production loss. >> Read More – July 25, 2016

Carso Group, property of Carlos Slim, is seeking business opportunities in the shallow waters oil fields to be tendered in Round Two, in order to maintain and grow the group's portfolio. >> Read More – July 25, 2016

Pemex reduced by 25% the price of direct sale of liquefied petroleum gas, after the legal import of fuel took away 30% of the market, without incurring undue discrimination and losses respect to production costs.>> Read More – July 25, 2016

Pemex, as part of its strategy to get money to pay suppliers and to invest in Exploration and Production, will sale & lease back assets. It will lease Madero plant refinery at US$ 600 million for 20 years. >> Read More – July 25, 2016

Moody's: credit risk rating of Mexico to increase due to lower growth scenario by United States and the weak industrial production, main destination of Mexican exports. >> Read More – July 25, 2016

Mexico must maintain planned fiscal consolidation and Pemex restructuring to maintain market and investors’ confidence. Fiscal consolidation and stable inflation expectations, it is important to maintain an accommodative monetary policy. >> Read More – July 22, 2016

Panhandle Import Reduction Initiative to set quotas on foreign oil suppliers foe the U.S. except for Mexico and Canada, on light crude import limit, as the group claims that Saudi Arabia is trying to destroy the U.S. oil industry. >> Read More – July 22, 2016

3 enemies of Mexican Round Two: 1. High percentage of shared production, between 8%-10% to give Pemex. 2. Oil price below US$ 35 as profitability will not be enough to justify the investment. 3. Hydrocarbons transportation can’t provide connectivity to marketed them. >> Read More – July 22, 2016

Mexican investors have been reducing positions in US government as they preferred to acquire Mexican securities, due to depreciation of the exchange rate and differential interest rates between Mexico and the United States. >> Read More – July 22, 2016

Mexico's refineries operated at 30% of its capacity, increasing the need to satisfy domestic consumption by imports, due to scheduled shutdowns, unscheduled suspensions by operational problems and maintenance budgets cuts, which has resulted in lower crude processing. >> Read More – July 22, 2016

Pemex and the Petroleum Workers Union of Mexico agreed on an increase of the regular salary of 3.2%, as well as fees and benefits of the Collective Labor Agreement. Aware of the economic context, both parties reached an agreement that reflects just demands and challenges. >> Read More – July 21, 2016

International Monetary Fund improved its 2016 forecast for Mexico, setting it at 2.5%, due to domestic demand positive effect, better expectations of oil prices and no great impact of Brexit on Mexico’s economic performance. >> Read More – July 21, 2016

Alfa will review the investment opportunities in the United States, South America and Central America, especially in Mexico where Alfa is seeking to invest in oil and gas exploration projects, except for those involving deep waters. >> Read More – July 21, 2016

Round Two to be celebrated on March 22, 2017 is expecting a US$ 11.25 billion on the 15 blocks in the Gulf of Mexico auctioned with contracts for 30 years. Production sharing contracts allow the companies to have 15% to 35% obtaining profits and recovering production costs. >> Read More– July 21, 2016

Oil prices increased after ninth consecutive weekly reduction in the U.S. oil inventories. However, gasoline stocks grew. >> Read More – July 21, 2016

Majority net income of Alfa's, Mexican multinational, for the second quarter of 2016 went down by 75%. It was US$ 46 million compared to US$ 183 million on the same period of 2015, due to weakness of Mexican peso against dollar. >> Read More – July 19, 2016

Pemex has a diversified financing strategy as its debt is regionally and temporarily balanced, which gives them a very stable debt portfolio that allows to generate confidence among investors and fulfill its obligations.>> Read More – July 19, 2016

Secretary of Energy of Mexico announced the first call of Round Two for shallow water areas. It has already referred to the CNH the documents, identification of areas; terms and conditions of the contracts; technical guidelines; economic and fiscal terms. >> Read More – July 19, 2016

Pemex drilling activity is the lowest in 19 years, with 64 wells drilled, 50% lower compared with 127 of the same period last year, due to investments and projects suspension, which also affects reserves incorporation, and production levels. >> Read More – July 19, 2016

Pemex invested US$282 million on a pressure drop detection system in it pipelines, to identify and prevent illegal connections. >> Read More – July 19, 2016

Oil prices rose due to economic performance of China and the United States, pointing to a growth of crude demand, as the US economic growth rebounded in the 2Q16 and China reported economic growth of 6.7% in the same time. >> Read More – July 18, 2016

CNH authorizes Pemex to drill Tetl-DL well, which will target the reclassification of probable and possible reserves, 78 million boe, with a 78% probability of success. US$29.6 million investment for drilling and US$ 11 million for completion. >> Read More – July 18, 2016

Pemex oil production has been falling, as well as revenue, while debt keeps growing. Pemex had borrowed again and grows its debt in order to keep operating. Rating agencies have warned of the risk if there is not a sustained production increase or operational efficiencies. >> Read More– July 18, 2016

62% of gasoline to be consumed in Mexico comes from abroad. Pemex purchased 504,600 bpd to meet 62% of the demand, which is 815 MBD, to the U.S., Netherlands, Spain, India, Bahamas, Netherlands Antilles, France and Trinidad and Tobago. >> Read More – July 18, 2016

Low oil prices, unattractive oil exploration in Tamaulipas and Veracruz, and budget cut has result in 190 wells shut down harming 30% of companies in the area, as they had commercial relations with Pemex. >> Read More – July 18, 2016

Scientists from Mexico and Canada on project that seeks to understand, in advance, the impact of an oil spill in the areas where there will be new explorations such as deep-waters in the Gulf of Mexico and the Gulf Saint Laurent. >> Read More – June 15, 2016

CNH: expected investment in Tabasco, where 314 thousand barrels of oil are produced, almost 14% of national production, is for more than US$700 million for the next years due to energy reform for the joint development of 5 fields. >> Read More – June 15, 2016

Energy Secretary of Mexico: one of the objectives of energy reform is to lower electricity rates, one of the highest in Latin America, which is also 75% more expensive than in the U.S. >> Read More – June 15, 2016

In Mexico there are already 16 energy companies other than Pemex operating for hydrocarbons exploration and production, 9 of those are producing oil by now, and the rest of them had submitted its work plan to star drilling to the CNH. >> Read More – June 15, 2016

Siemens prepares business strategy to win the largest number of energy projects in Mexico, mainly from wind and combined cycle systems. >> Read More – June 15, 2016

China decision to make its monetary policy more flexible by devaluing its currency, has caused a world trade imbalance, complicating the economic outlook for Mexico. Mexican Stock Exchange fell and peso was dragged to a level that Bank of Mexico auctioned US$373 million. >> Read More – July 14, 2016

After 2 years of energy reform implementation, 27 new Mexican and international companies will carry out oil and gas exploration and production in onshore fields and shallow waters of the Gulf of Mexico. >> Read More – July 14, 2016

Companies to invest US$5 billion in solar parks over the next five years due to a more open electricity sector from energy reform, which will generate more than 9,500 direct jobs & 20,000 indirect. >> Read More – July 14, 2016

Mexican Petroleum Institute approved 23 innovation projects, which will require an investment of US$10.42 million, aiming to strength and develop on differentiating products, processes, marketing methods and organization. >> Read More – July 14, 2016

KPMG: foreign investment in energy transportation is a security issue, to bring benefits and improved competitiveness. >> Read More – July 14, 2016

International oil prices fall caused a crisis in Mexico's oil states. 53000 employees have been laid off in the first six months of the year. Campeche, Tabasco and Veracruz could have more jobs laid off in the medium term. >> Read More – July 12, 20016

Pemex LPG imports fell 16% during first 5 months of 2016, as private imports already supply 30% of Mexican domestic demand. Mexico went from spending US$ 87 million in March this year to US$ 24.29 million in April due to energy reform. >> Read More – July 12, 20016

Pemex will issue a yen 10-year bond, called the samurai bond. The yield for these bonds will be from 0.53% to 0.57%. >> Read More – July 12, 20016

Oil prices rose as Iraqi shipments were suspended due to a pipe leakage. However, Iran and Libya production increased. Iraq plans to cut its crude oil exports from its southern ports to 2.79 million bpd, from 2.99 million bpd. >> Read More – July 12, 20016

SENER has granted 304 licenses in 3 months to import gasoline, jet fuel, diesel and LPG to various companies. It is expected to introduce around 273 billion liters, in a year, of these fuels to meet Mexico’s domestic demand and to open competition. >> Read More – July 12, 20016

Pemex sales of liquefied petroleum gas have declined 30%, due to incursion of private companies with its own infrastructure to the market, allowing high-volume consumers to have 10% discount on the maximum allowable price. >> Read More – July 11, 2016

Gas price has increased and new fuel distribution companies have to use Pemex services, representing high logistics costs, which actually benefit Pemex given the debt situation, this could be an element that contributes to its management. >> Read More – July 11, 2016

Sierra Oil & Gas will explore the blocks it won in Round One, as the CNH has approved the company's exploration plan. Estimated investment in both blocks is US$ 160 million during exploration phase. >> Read More – July 11, 2016

Pemex burned 15% of its May gas production, valued at US$ 40 million, due to the decision not to invest US$2.16 million per year, just when the industry and the CFE require this input to generate electricity and various manufacturing processes. >> Read More – July 11, 2016

40% of Pemex pipelines operate at its limit, more than 50% are disconnected from the network, are part of saturated infrastructure or are vulnerable to theft. 59% of the transport of hydrocarbons in Mexico is by pipeline. >> Read More – July 11, 2016

Pemex still owes US$2.6 billion to its suppliers, which expect the debt to be settled by September 2016. Debt payment has taken time due to international crisis and lack of liquidity in the oil sector. >> Read More – July 8, 2016

Delegates from Mexico, the U.S and Cuba to talk on the Western Gap of the Gulf of Mexico on how to delimit the area seeking to reach a fair and equitable agreement between the three countries within the framework of international law. >> Read More – July 8, 2016

Pemex hopes to increase oil production in the coming years through joint ventures partnerships focused on offshore blocks. Additional production would reach 400,000 bpd for the total company to reach 2.5 million bpd by 2022. >> Read More – July 8, 2016

Since the energy reform approval, electricity prices has decreased fell by 2% so far in 2016, for low-consumption users, 90% of the total customers. >> Read More – July 8, 2016

A new geochemical laboratory and boosting exploration projects in Mexican oil basins, results of a new International Cooperation Agreement between Mexico and France, which seeks to promote oil, coal and shale gas research. >> Read More – July 8, 2016

Mexico and Norway will strengthen relations on energy matters, for a sustainable vision, environment respect, technical training and operations improvement. Norwegian investment goes to Mexico, through the Sovereign Oil Fund. >> Read More – July 7, 2016

United States Department of Commerce: Mexico received US$2.75 billion in the first five months of the year from the sale of 92 million barrels of oil to the U.S. As sales fell by 17% barrels, revenue was also lower than in the same period last year by 11.7%. >> Read More – July 7, 2016

Pemex oil production fell 2.5% and gas production by 8% during the firsts half of 2016. Average crude oil production was 2.205 million barrels per day, 2.5% less than in the same period of 2015. Gas production totals 6.956 million cubic feet per day, 8% less compared to same period last year. >> Read More – July 7, 2016

Organization for Economic Co-operation and Development: Mexico has a solid macroeconomic framework to face the current economic crisis due to its position among emerging countries. Low interest rates and inflation are positive for loans and investment. >> Read More – July 7, 2016

Energy reform implementation and development continues to be attractive and interesting to national and foreign investors. For Mexico will be an element of economic development and use of subsoil resources, especially hydrocarbons. >> Read More – July 7, 2016

Pemex not only abandoned plans to build new ships for its navy fleet, but has cut on agreements by canceling or suspending 78 boats contracts operating under rental deals. It stays with 85 ships operate on lease. >> Read More – July 6, 2016

Pemex loaded with 44% of its 3P reserves, 10 billion barrels of oil equivalent out of 23.9 billion, without partners, with geological characteristics in which it is becoming harder to find oil. >> Read More – July 6, 2016

Mexican government gives liquidity to economies, Campeche and Tabasco, whose activity fell by the oil industry fall after Pemex payment of debts to suppliers and budget increase. Money provided to put credit on more competitive terms. >> Read More – July 6, 2016

Renaissance Oil expects Mexican government to rethink royalties structure, as current ones discourage seeking beyond those provided in permits. Restricted structure is designed to produce simple oil and ruling out to extract the one that requires more work. >> Read More – July 6, 2016

Oxxo Gas stations, FEMSA Comercio, is now starting to change its identity seeking by its own, after operating for nearly 20 years under Pemex franchise. >> Read More – July 6, 2016

Mexican stock market and currency rose on Monday as the day was marked by few transactions due to U.S. holiday and an oil prices rebound due to Saudi Arabia Minister of Energy comments ensuring the market is heading toward equilibrium. >> Read More – July 5, 2016

Presidents of Mexico and Italy signed five understanding memorandums. One of them on energy matters to cooperate in renewable energy, biofuels, "sustainable hydrocarbons exploration and production" and clean technologies, to extend bilateral relationship. >> Read More – July 5, 2016

Pemex reduction of natural gas production, causes companies not to receive enough supply of basic petrochemicals to produce goods, therefor having to import inputs, increase by 20% up operating its costs.>> Read More – July 5, 2016

Low oil prices Pros to Mexico. As it imports 53.5% of its gasoline, if prices rice, it means it will cost more. Regarding gas price, for electricity production, its price increased by 22%. >> Read More – July 5, 2016

Pemex in talks with up to 10 investment banks, Goldman Sachs Group Inc., Bank of America Corp. and Crédit Agricole SA among them, to help the company find partners to improve its inefficient refining processes.>> Read More – July 5, 2016

Institute of Biotechnology of the National Autonomous University of Mexico, is conducting studies in the Gulf of Mexico to identify bacteria that degrade hydrocarbons for contingency plans and mitigation activities in case of oil spills. >> Read More – July 1, 2016

Pemex seeks for more companies to join forces with foreign partners to explore oil by drilling deep water fields and onshore, also to gain knowledge and stabilize oil production in the medium and long term. >> Read More – July 1, 2016

Secretary of Energy granted 99 entry permits for diesel, and 69 entry permits for gasoline to companies with high fuel consumption for self-supply, including companies like Kansas City Southern Mexico and Ferromex – Ferrosur. >> Read More – July 1, 2016 

Mexico increased its interest rate to 4.25% to curb inflationary pressure on Mexican peso devaluation on a global context of economic crisis for the low price of crude oil now is aggravated by the Brexit. >> Read More– July 1, 2016

International Cooperation Agreement between Mexico and France for formation and studies of oil, gas and coal matters. This agreement allows academic alliance of diverse educational institutions of Mexico, France and Spain. >> Read More – July 1, 2016

Mexican oil rose 4.63%, reaching a price of US$ 41.51 per barrel, leaving behind 3 days of losses after the United Kingdom decided to leave the European Union. >> Read More – June 30, 2016

Energy diversification for the Mexican energy sector development is essential to become a truly sustainable industry. Non-conventional hydrocarbons, solar energy and geothermal energy, may be viable options. >> Read More – June 30, 2016

Mexico, one of the LATAM countries with greatest potential for generating electricity from renewable and clean sources. Energy reform to define appropriate incentives and regulations for foreign a local companies to develop it. >> Read More – June 30, 2016

Chevron, Repsol, Statoil and Shell among more than 20 oil companies that had paid all together US$48 million to access the Round 1.4 data room with information about 10 deep water blocks. >> Read More – June 30, 2016

Bank of Mexico operations remnant generated a surplus of US$3.97 billion dollars between January and May, but its public debt increased by 2.4% in the same period. >> Read More – June 30, 2016

By the end of 2016 there were be at least 15 different gas stations brands in Mexico, foreign and local. In 2018, the competition between brands will begin offering service quality and value-added elements. >> Read More – June 29, 2016

Canadian investment in Mexico's energy sector reached US$6 million. A Canadian company winner of an Round1.3 oil block is now the 1st foreign company to extract Mexican oil & TransCanada for pipelines. >> Read More – June 29, 2016

IDESA enlisting 2 petrochemical projects, one for processing and other for gasoline logistics. Evaluating financing options, like issuance of debt or equity in the BMV. >> Read More – June 29, 2016

Despite the complex and volatile international environment, the Mexican economy grows more and faster than in 2015, unlike other Latin American nations. >> Read More – June 29, 2016

Pemex to resume work in Lakach where it has invested US$852 million in the last 8 years on gas E&P, for gas extraction & collection. 
>> Read More – June 29, 2016

There could be more layoffs in Pemex due to a platforms rental contracts recess as oil price depreciation hits Pemex revenue and therefore it had to cut its E&P budget. >> Read More – June 28, 2016

Mexico completes its IPEEC management, which integrates 80% of the G20 economies on clean energy technologies deployment and best practices information exchange promotion to improve energy efficiency. European Union is now the new president. >> Read More – June 28, 2016

ABB recognizes great opportunities in the entire power value chain due to the opening for private companies in energy reform. Energy generation from renewable sources and transportation without loss. >> Read More – June 28, 2016

Pemex is negotiating with two different funds on selling assets worth US$1.5 billion to raise capital to pay its debt. First Reserve for midstream assets and KKR for transport infrastructure and platforms. >> Read More– June 28, 2016

Mexico, the U.S. and Canada agreed on the goal to produce 50% of its energy from clean sources by 2025, currently is 37%. >> Read More – June 28, 2016

Mexico is increasing its natural gas and gasoline imports, mainly from the United States, while production is going down. In the first 5 months of the year imported 43% more than in the same period of last year. >> Read More – June 27, 2016

Pemex will sell 20 gas stations as part of Pemex Real Estate Disposal Program to sell non-productive assets seeking to capitalize the company facing the crisis. >> Read More – June 27, 2016

Mexico's oil production fell in May, but exports value increased as oil prices were rising. Pemex exported 11% more than April. Exports total value reported its first positive figure after six consecutive months of losses. >> Read More – June 27, 2016

Inpex Corporation, Japan's largest oil and gas exploration and production company will focus on Mexico’s offshore oil blocks tenders, seeking to win individually and in partnership, looking for expansion of its global activities. >> Read More – June 27, 2016

Treasury Secretary of Mexico: second public spending adjustment for US$ 1.7 billion this year, 91.7% for current expenditure, not including Pemex. 
>> Read More – June 27, 2016

Gas stations with different brands than Pemex will have up to 60% of the market share of fuel sales to private users in the next 5 years. Preference will be with whoever offers a better price and better service. >> Read More – June 24, 2016

Pemex trade balance for May was positive, the first time of the year, for US$ 24 million. However, comparing with the same month last year, this result represents a 92% drop. >> Read More – June 24, 2016

CNH approved the US$85 million investment plan of Talos Energy in partnership with Sierra Oil and Premier Oil, for a 4 years’ exploration period of the first block warden in Round 1.1. >> Read More – June 24, 2016

Pemex expected to extract the . After receiving approval from the CNH, is now seeking for a partner that could help reduce these time six years. >> Read More – June 24, 2016

ABB to seek opportunities in automotive and energy sectors in Mexico, and gain market share to growth its 3%. >> Read More – June 24, 2016

Joint venture between Braskem and Pemex for the largest Latin American petrochemical plant. Braskem call on Pemex to operate at its maximum capacity to allocate more humid gas to the ethane production.>> Read More – June 23, 2016

China will facilitate private investment in telecommunications, oil and gas exploration & production, and infrastructure sectors in Mexico. >> Read More – June 23, 2016

Pemex and First Reserve Corp close to reach an agreement to negotiate sale and leaseback of assets for at least US$ 500 million. >> Read More – June 23, 2016

Diavaz, Canamex Energy and Strata among the 9 companies already receiving revenue from the exploration and production of oil in the Mexican fields awarded in Round 1.3. >> Read More – June 23, 2016

ENI will invest US$245 million over the next 2 years in Mexico to carry out evaluation of the production sharing contract which was awarded in the second call of Round One. >> Read More – June 23, 2016

Mexican Institute of Finance Executives: Brexit won't have significant direct impact on Mexican economy because it is not part of the top 10 trading partners. >> Read More – June 22, 2016 

Isaac Volin Bolok, former executive director of the world's largest asset manager, BlackRock, was appointed as new CEO of PMI, to be responsible for oil imports and exports, refined products and petrochemicals. >> Read More – June 22, 2016

Pemex priority now is to partner with private oil companies for E&P projects in deep water, despite having advanced 3 onshore fields process already approved by Secretary of Energy. >> Read More – June 22, 2016

Pemex liquid petroleum gas sales fell 32%, while private companies LPG revenue grew as they are no longer buying it to Pemex, but importing it directly. >> Read More – June 22, 2016

Mexico will capture US $40 million in FDI for 2017 and 2018 when new projects detonate due to reforms. 30% more FDI is foreseen. >> Read More – June 22, 2016

Pemex, forced to close its refinery in Oaxaca due to violent clashes between police and teachers, have already resumed operations with the Federal Police guarded the exit of more than 100 fuel tank trucks. >> Read More – June 21, 2016

Pemex aims to end this year with 2.18 million barrels per day. It will not prevent Pemex to complete its 13th consecutive year production fall. Pemex performance in the last 3 years shown biggest drop among the 15 largest oil producers in the world. >> Read More – June 21, 2016

Renaissance Oil Corp become the first foreign firm to sale Mexican oil by receiving the first payment from the sale of oil extracted in Mexico. Now is the second largest oil producer in Mexico with 700 barrels of oil equivalent. >> Read More – June 21, 2016

Oil revenue pays only 13% of Mexico public spending for the first four months of the year, adding US$ 12.000 million, while in 2012 it represented 41%. >> Read More – June 21, 2016

Fracking giants rising despite oil crisis. Ten new oil rigs for shale hydrocarbons exploration opened in the U.S. as the shale industry is more efficient and competitive. >> Read More – June 21, 2016

Mining Chamber of Mexico: Mexican mining companies plan to invest 4,7 billion in mining exploration driven by increased demand from China and structural reforms. >> Read More – June 20, 2016

Shell seeking to get involved in exploration activities in Mexico, same way it does in other Latin American countries arguing that no oil reserves grow when demand increases, Mexico will have to import oil. >> Read More – June 20, 2016

3 of 3 law could jeopardize productive partnerships between state companies, like Pemex, and private initiative, because new employees of companies that would have to submit paperwork that would end in a legal error. >> Read More – June 20, 2016

Energy Regulatory Commission: companies interested in importing gasoline may submit its offers to use Pemex available infrastructure to transport gasoline from the U.S. to Mexico, as Pemex owns the only infrastructure in the country for fuel distribution. >> Read More – June 20, 2016

Barrel of oil at US$ 50, its value is still insufficient to 14 Latin American companies, state and private, including Pemex. >> Read More – June 20, 2016

Moodys: If Pemex doesn't reduce its debt and start establishing partnerships with oil companies for E&P showing it is taking advantage of the energy reform, its credit rating may be affected soon. >> Read More – June 17, 2016

Deep water block Trion, considered one of the greatest oil discoveries after Cantarrell, may attract 10 to 20 major oil companies to partner with Pemex to develop the 485 million boe of 3P reserves estimated. >> Read More – June 17, 2016

Chevron, Statoil and BP CEO's in Mexico stated that the energy reform success is determined in the growth and development of active oil basins by focusing on exploration. >> Read More – June 17, 2016

KKR and Pemex are finalizing the details on the agreement of sale and lease of assets for US$1.2 billion. Although Pemex will sell its infrastructure it will continue operating through a lease payment to KKR during the 15 years of the agreement. >> Read More – June 17, 2016

Mexico and United Arab Emirates have signed 17 cooperation agreements commercial, cultural, educational exchange and several common themes such as oil. >> Read More – June 17, 2016

Foreign direct investment in Mexico grew 18% in 2015 compared to 2014 and reached US$30,285 billion, one of its highest levels in 7 years, driven by regulatory changes and energy reform. >> Read More – June 16, 2016

In the search for oil deposits off Mexico, Nicaragua could be one of the first points to which Pemex will direct, since in it have already been awarded contracts to international companies, Pemex will place part of its investments in it. >> Read More – June 16, 2016

Pemex makes a recent renewal of platforms contracts. The company held 38% of the total, 20 platforms were suspended and 13 will be canceled. Expected that once Pemex define its investment projects will activate platforms. >> Read More – June 16, 2016

Pemex requests to migrate Trion Field assignments, starting the search process for the first partner in deep water. Sener to established similar procedures of the Round 1.4 to regulate the tender. >> Read More – June 16, 2016

Mexican oil fell to US$39.7 due to international market fall, FED announcement and the possibility of the U.K. to leave the European Union. >> Read More – June 16, 2016

Pemex CEO foresee oil production to fall by 2017. Oil output estimated to be 2.13 million bpd. Production could stabilize by 2018, after Pemex restructuration and debt stabilization. >> Read More – June 15, 2016

Pemex still has 72 of the 95 fields awarded in Round Cero, for which doesn't have a budget to invest in order to keep them operating, Pemex call for economic support. 23 of the fields are in return process. >> Read More – June 15, 2016

National Hydrocarbons Commission will announce next August 24 the number and names of the participants in Round 1.4 for 15 deep water areas. Foresee investment of US$34.5 billion. >> Read More – June 15, 2016

Pemex CEO met European investors to promote the first farm-outs in the Gulf of Mexico, as well 100 billion pesos spending adjustment to spending, federal government support. Estimated investment required of US$ 11bn. >> Read More – June 15, 2016

British ambassador in Mexico, announced in Cancun, that his country is particularly interested in oil exploitation, especially in the Quintana Roo state. >> Read More – June 15, 2016

9,500 Mexicans with no job due to low production, budget cuts and cheap oil. Mexichem reported 391 layoffs, ICA Flúor 6,891 & Pemex 391 by the end of 2015. >> Read More – June 14, 2016

BBVA Research: by the end of 2017, and according to EIA, global oil inventories will decrease, and supply and demand will balance. Therefore, Mexican government oil revenue will increase by 11%. >> Read More – June 14, 2016

Pemex Exploration & Production is studying the possibility to explore oil abroad, attractive deposits for Pemex and for Mexico, especially in the US and some South American countries. >> Read More – June 14, 2016

Statoil seek to partner with Pemex as well as large oil companies like Chevron, ExxonMobile and Total, to participate in Round 1.4 for deepwater fields in the Gulf of Mexico which haven’t been explored. >> Read More – June 14, 2016

Moody's: oil industry situation will continue despite oil prices rise. Seems like Pemex won't change much next years. >> Read More – June 14, 2016

Nigeria, Mexico and Saudi Arabia remained as the main suppliers of crude to Spain between January and April 2016. Mexico remained in second place with 2,860 kg, 1.7% less than in 2015. >> Read More – June 13, 2016

Pemex was authorize to do its first farm out, association, with IP to explore the Trion field of light crude in the Gulf of Mexico. US$ 11 billion investment will provide by Pemex and partners according to working interest according to agreement. >> Read More – June 13, 2016

"Mexico offers exceptional political, economic & technical conditions to develop the oil industry. There are political, technical and costs conditions that exceed what really exists in other countries" Sierra Oil & Gas. >> Read More – June 13, 2016

Exxon, Chevron and Pemex within the 23 companies that have already signed up to participate in Round 1.4 for 10 deepwater fields in the Gulf of Mexico. Companies could partner in various consortia as E&P groups or financial. >> Read More – June 13, 2016

Pemex seeks greater efficiency in its history by reducing drilling time due to Capex reduction, to reduce Opex. >> Read More – June 13, 2016

Mexico’s energy reform, as well as hiring oil hedging, soften impact of international oil prices fall and crude oversupply reducing negative impacts throughout the sector. >> Read More – June 10, 2016

Energy Reform review: with Round Cero Pemex kept 83% of hydrocarbons fields with identified 2P reserves and potentially exploitable. Round One results, 3 different bidding processes, 30 new companies and US$ 7bn investment, broke paradigms. >> Read More – June 10, 2016

Secretary of Energy announced that the first tenders of Round 2, for 29 shallow waters areas in the Gulf of Mexico, Burgos basin and southeastern Mexico. In this face Pemex will have to partner with other companies. >> Read More – June 10, 2016

Mexico had the biggest oil production drop during 2015, -7%. In counterpart with its region partners, the U.S and Canada which had the highest growth. >> Read More – June 10, 2016

Wood Group and Mexican Diavaz announced joint venture to create a new company, Mustang Diavaz, to capitalize on opportunities arising from Mex energy reform aim to provide engineering and construction services. >> Read More – June 10, 2016

Mexican oil for export reached US$ 42.37 and is on the rise, attributed to a drop in US oil inventories and a fall in Nigeria oil production. The highest level since Oct 2015 when it reached US$ 42.20. >> Read More – June 9, 2016

La Gas and Hidrosina the new gas stations in Mexico. Supplied by Pemex but with own identity and services diversification seeking to start the competition and to increase the competitiveness of its services. >> Read More – June 9, 2016

Mexico's fiscal and energy reform, which opened the industry through foreign investment opportunities, compensate the oil revenues collapse, 33% in 2015, representing 18.6% of the national budget. >> Read More – June 9, 2016

Increasing number of pipelines and infrastructure to transport natural gas, renewable energy and low cost electricity, will generate for Mexico a growing competitiveness versus others countries. >> Read More – June 9, 2016

Ministry of Economy inaugurated the Mexican Petroleum Congress 2016 where he stressed that one of the main achievements of the Energy Reform has been the modernization of Pemex. >> Read More – June 9, 2016

Mexican production has shrunk and oil discoveries has fell due to high cost and low oil prices. After 5 years consecutive of decline it reached lows of 1952. >> Read More – June 8, 2016

Indian Prime Minister will visit Mexico seeking for opportunities in energy, aerospace, science & technology sectors, in addition to identifying ways to diversify trade between countries and increase investment flows. >> Read More – June 8, 2016

Toronto’s Stock Exchange new goldmine in Mexico will be the oil and gas, manufacturing and automotive industries as it seeks to finance mining companies and be a financing option for Pemex and other firms.>> Read More – June 8, 2016

Senegas’ Madero tells GPS investor confirmed that Mexican government will liberate gas prices in the north but will keep Pemex under price caps in the south. >> Read More – June 8, 2016

Pemex renegotiated oil rigs leases to keep receiving cash flow, maintain liquidity and have financial resources to meet its obligations, but experts believes it's not appropriate to renegotiate to avoid international scandals. >> Read More – June 8, 2016

Mexico has shown resilience to global the current economic crisis, due to public finances management. Economy will grow 2.6% by 2016 and, as reforms take place, oil prices rice and the US economy recover, growth rate to be 3.5%. >> Read More – June 7, 2016

Pemex to seek associations for Exploration and production activities, and to adjust spending amid falling oil prices, also to obtain additional resources for infrastructure income because it still owe US$5 bn to suppliers. >> Read More – June 7, 2016

Pemex: in 12 years oil production oil fell 35.7%, 1.2 million barrels per day. At the end of May production went down by 2.2 million barrels per day. Parallel to low oil production and oil prices fall, Pemex has slowed its exploration activities. >> Read More – June 7, 2016

Residents of Íquira, Huila want Telpico project stopped to defend the territory and the environment, due to several irregularities committed in the licensing process. CAM investigating. Reminds that POT is a means of control. >> Read More – June 7, 2016

Pemex announced new scheme to allows a 16 gas stations group to operate under their own brands, but they should specify that the gas and diesel sold is from Pemex certified with quality standards. >> Read More– June 7, 2016

The Binational Mexico-Cuba Chamber of Commerce to create business groups interested in investing on the island with the intention of creating integrated projects based on the portfolio of opportunities and Foreign Investment Law. >> Read More – June 6, 2016

Pemex short-term domestic debt increased from US$ 378 million at the end of 2015 to US$ 1.5 billion on the last day of April 2016. Pemex and CFE longer-term debt increased by US$7 billion in the last four months of the 2016. >> Read More – June 6, 2016

Pemex revised 53 drilling rigs lease agreements and said to rigs operators like, Perforadora Latina, Oro Negro and Grupo R, they can pay bonds now that the state oil company renegotiated contracts. >> Read More – June 6, 2016

Mexican Energy Secretary visit to Canada to speak to Canadian oil companies, to inaugurate Mexico pavilion at the Global Petroleum Show in Calgary, and to meet with potential investors. >> Read More – June 6, 2016

Variables in the United States increases the chances that the Fed will announce increase in interest rates which will impact on the Mexican economy. Hold 2.3% GDP growth forecast for 2016 and increased to 17.70 pesos its forecast for the exchange rate. >> Read More – June 6, 2016

Sener issued guidelines and contract model for the use, acquisition of land, property or rights for hydrocarbons E&P and transportation through pipelines. >> Read More – June 3, 2016

Sener: During the CEM7 and Mission Innovation meetings said that Mexico will collaborate with Canada and the U.S. in the research and development for energy transition, particularly carbon capture and use, as well as reducing methane emissions and energy efficiency. >> Read More – June 3, 2016

Prudential Financial: Latin American debt remains attractive after rebound this year. Pemex bonds and Argentina's sovereign letters are among the most attractive options for investors as it represents a really good value. >> Read More – June 3, 2016

140 plants to be removed in order to build 409 new power plants more environmentally friendly, that will use clean energy. Electricity sector will require US$ 131.6 bn for electricity generation and modernization of transmission and distribution networks. >> Read More – June 3, 2016

Pemex is now considered as the strongest oil company in Latin America due to the Federal Government support causing the most optimistic forecasts when compared with Brazil's Petrobras, Colombia’s Ecopetrol and Venezuela's PDVSA. >> Read More – June 3, 2016

Despite Pemex economic crisis, fleet renovation with Secretariat of the Navy will continue, which will provide infrastructure for repairs, maintenance and transportation of hydrocarbons products throughout the national coastline and offshore. >> Read More – June 2, 2016

Perseus, independent Mexican oil and gas E&P Company, and Greyrock Energy, an American fuel producer, are collaborating to provide natural gas flaring solutions in Mexico through a joint venture. >> Read More – June 2, 2016

Canadian province of Alberta and Mexico are planning to drive different business, especially in the oil and energy sector to take advantage of the energy reform and the NAFTA trade agreement. >> Read More – June 2, 2016

OPEC decided not to modify its policy on oil production, which means that members of the organization failed on an agreement of a new limit on oil production to control international oil prices. >> Read More – June 2, 2016

At least 20 of the major oil companies to compete for deepwater hydrocarbons reserves in the Gulf of Mexico, most valuable but difficult fossil fields open to foreign and private investment. >> Read More – June 2, 2016

Global excess of oil supplies could limit oil prices rise this year despite lower US production of shale hydrocarbons, and low production from Nigeria and Libia. >> Read More – June 1, 2016

Secretariat of Finance and Public Credit: Mexico recorded in April surplus in public finances of US$ 13 billion due to Central Bank surplus transfer. It will use 70% of the remainder to buy back debt. >> Read More– June 1, 2016

Pemex oil reserves fell 18% and 27%, for 2P and 3P respectively. The count excluded field Akal from Cantarell block, due to inconsistencies of 20% with a reporting company. >> Read More – June 1, 2016

Pemex union wins legal battle on transparency of information paper as Pemex wants to report about the money delivered, which is a public resource that must report its use. >> Read More – June 1, 2016

Mexican peso fell to its lowest level since February dragged down by oil prices and manufacturing data from China. >> Read More – June 1, 2016

Pemex is seeking buyers for two production assets aging, Holkan and Chemul platforms, to generate liquidity in order to face its biggest financial industry crisis in history. >> Read More – May 31, 2016

4 international oil mega-corporations, BP, Shell, Chevron and ExxonMobil, are seeking to enter Mexico to explore oil fields in deepwater Gulf of Mexico. >> Read More – May 31, 2016

Mexican federal government does not rule out the possibility that this year Mexico will start buying up to 100.000 barrels of oil produced in the United States. >> Read More – May 31, 2016

Secretariat of Finance and Public Credit: Mexico recorded a drop of 6.6% in its oil revenues in the first 4 months of the year, for a total of US$ 12,175 million. >> Read More – May 31, 2016

Pemex is seeking funding through agreements, farm-outs, consortia or participation in E&P contracts, with private companies. Many more will come with the reform. >> Read More – May 31, 2016

Major oil companies are partnering seeking to reduce exploration cost, optimize its portfolio, and to consolidate its assets in order to maximize operations. >> Read More – May 27, 2016

Chevron is planning to transfer experiences and learned lessons to develop deepwaters in Mexico. Low prices force them to be selective with the projects to invest in but they see a long term opportunity. >> Read More – May 27, 2016

Pemex to stopped Lakach project, a natural gas plant which aimed to extract 865 bcf of natural gas, and that will also employ more than 1000 workers, due to lack of resources. >> Read More – May 27, 2016

Pemex increases its exports to Europe and Asia by 88% and 196%, respectively, due to its market diversification strategy aiming to replace lost sales in America, especially in the U.S, its main buyer. >> Read More– May 27, 2016

IMF approved the renewal and an increase in flexible credit line for Mexico, an increase which so far was of US$67,000 million, approximately to US$88,000 million was approved. >> Read More – May 27, 2016

Mexico oil wealth, total proven hydrocarbons reserves, has lost almost half of its value due to the fall in oil prices and low production volumes. 2014 value of the reserves was US$ 429 billion and by the end of 2015 totaled US$ 219 billion. >> Read More – May 26, 2016

3 corruption risks of the energy sector in Mexico: lack of secondary national anti-corruption laws, major infrastructure projects and lack of corporate ethical culture. Combatted will allow greater foreign investment in Mexico. >> Read More – May 26, 2016

Pemex and Russia's oil company Lukoil, are analyzing future business, partnership opportunities and joint venture projects to explore oil in Mexico. Lukoil is also studying the possibility to partner with Chevron in Mexico. >> Read More – May 26, 2016

Mexico lacks of infrastructure development projects with social benefit that could result an attractive business for investors, situation that has been exacerbated by budget cuts. >> Read More – May 26, 2016

Crude stocks in the US fell sharply the week ended May 20 boosting oil prices. Mexican crude returns to US$ 40 as a result. >> Read More – May 26, 2016

Pemex announced the reduction of 70% of its budget to build and remodel plants to produce clean diesel. Progress in the projects will be smaller but completed by 4Q18. >> Read More – May 25, 2016

Mexican oil companies have a lack of oil infrastructure and technological capacity to expand into deeperwater due to marine conditions. >> Read More – May 25, 2016

Pemex increased Istmo light crude exports to Asia, 214000 barrels per day. It is estimated that this increase will be held during May due to the refineries changes. >> Read More – May 25, 2016

Major oil companies, Pemex and Total could partner to explore oil in deepwater because it requires huge equipment investment and have high degree of uncertainty. >> Read More – May 25, 2016

Since January 2017, natural gas price will be released in the north of Mexico and by 2018 is expected to be, throughout the rest of the country.>> Read More – May 25, 2016

Oil discoveries in Mexico fell to a six decades minimum, as companies reduce billions in spending to overcome the crisis while maintaining focus on running existing wells and pay debts and to shareholders. >> Read More – May 24, 2016

Mexico oil production fell 1.8% in April compared to previous month, 2.177 million bpd. Production levels are now below the average of 2,548 million bpd. Exports rose 1.7% to 1.081 million bpd. >> Read More – May 24, 2016

CNH prequalified 19 companies to participate in the fourth phase of Round One for deepwater fields in the Gulf of Mexico. Two Mexican oil companies in the list, Pemex and Sierra O&G Exploration and Production. >> Read More – May 24, 2016

From Pemex oil production for April, 78% came from the sea; 17% of the southern region & 5% of the northern region. >> Read More – May 24, 2016

Mexico could suffer a talent crisis in the energy sector due to the lack of training and technological advancement in the industry, which could worsen the current oil crisis due to lack of production and low prices. >> Read More – May 24, 2016

Mexican conglomerate Alfa consider that the investment in the Canadian oil company, Pacific Exploration and Production, has been a total loss.>> Read More – May 23, 2016

Pemex compromised to pay US$1.3 billion, of the US$ 3 billion that still owed to large companies for the supply of goods and services. Almost 450 companies expects Pemex payment. >> Read More – May 23, 2016

So far this year, Pemex has stopped producing 81,000 barrels per day, due to the US$46 billion cut to the Exploration and Production budget. Pemex production of 2.2 million barrels is the lowest since 1990. >> Read More – May 23, 2016

Pemex debt of US$87 billion, added to the 2015 results with real losses of US$40 billion, 36% more than announced before, worsening its economic crisis. >> Read More – May 23, 2016

Mexico National Hydrocarbons Commission: The American portion of the Gulf of Mexico has become the region with the highest hydrocarbon exploration activity in the world. >> Read More – May 23, 2016

Scotiabank Economics: Mexican economy to expand 3.1% in 2017 due to the US better economic conditions, good employment rates, low energy prices, consistently strong banking sector and monetary stimulus prolonged. >> Read More – May 20, 2016

Exxon Mobil and Statoil ASA could sign agreement with Pemex to develop deep water crude in the Gulf of Mexico. Exxon and Statoil will be the first major oil companies to join Pemex. >> Read More – May 20, 2016

Gulf Mexico expects gasoline price liberalization before 2018, which would encourage imports into the Mexican market. It is a speculation that international firms expect to be true. >> Read More – May 20, 2016

Moody’s: Pemex to require more government financial support, will continue to face a funding shortfall if oil prices remain low, with high tax burden and credit with negative trajectory. >> Read More – May 20, 2016

HSBC: despite international market volatility Mexico will be fine if it stop relying on oil and diversify its portfolio. It is an emerging economy with great potential and a good combination of macroeconomic elements. >> Read More – May 20, 2016

Iran oil exports to rise by 60% over last year at the end of May. 2.3 million bpd, almost 15% above estimates by IEA. Iran is recovering its market share faster than projected. >> Read More – May 19, 2016

Illegal connections to Pemex pipelines increased 43% in 2015, 8 times in the last five years. Despite that Pemex decided to reduce investment in its detection system this year due to the crisis. >> Read More – May 19, 2016

Pemex back to the Swiss bond market, placed 375 million francs, 380 million dollars, in a two sections bid. 225 million francs at 1.4% in 2018 and 150 million francs at an interest rate of 2.4% in 2021. >> Read More – May 19, 2016

Mexico’s Secretary of Energy published a petroleum industry diagnosis as a planning tool for new projects development under an open scheme.>> Read More – May 19, 2016

US oil stocks rose while, gasoline and distillates fell more than expected. Inventories increased by 1.3 million barrels compared to expected drop of 2.8 million barrels. >> Read More – May 19, 2016

Moody's: While cash flow remains depressed, Pemex will continue to cut capital investment and sell assets as it have social obligations, which limits its flexibility and increases the risk that need government support.>> Read More – May 18, 2016

According to Pemex report, proven reserves, 9,632 million barrels of equivalent oil, and will last for 1.5 years less than in 2014, which means that there is only crude for 8.1 years. >> Read More – May 18, 2016

For the forth phase of Round One, deepwater blocks in the Gulf of Mexico, bidding rules and models of individual contract and consortium will be modified. >> Read More – May 18, 2016

99.7% of fuel purchased from Mexico in Dominican Republic corresponds to crude oil and reached a total of US$ 153.5 MM, 50% of total crude oil purchased by DR in 2015. >> Read More – May 18, 2016

Crude oil prices recorded highest level since October due to US production fall expectation, and forest fires in oil-producing areas of Canada. >> Read More – May 18, 2016

Mexican petrochemical industry benefited by the energy reform. With a barrel of oil above US$ 50, oil projects will be profitable for which inputs produce the industry are essential. >> Read More – May 17, 2016

14.4% raises cost of production of Pemex in 2015. Mainly due to new taxes and fees approved under new regime. It went from US$8.22 to US$9.40 per barrel of oil equivalent. >> Read More – May 17, 2016

Pemex didn't restored proven reserves in 2015 because findings were insufficient. Only 120 million barrels of oil equivalent were obtained. In 2014 replacement rate was 18%. >> Read More – May 17, 2016

SHCP: Energy reform is paying off. The second Electric Auction, ta take place soon, will include clean energy such as photovoltaic, wind, solar and geothermal. >> Read More – May 17, 2016

Chinese investors to put capital to develop aerospace, automotive, electronic and energy projects in southern states of Mexico: Guerrero, Oaxaca, Chiapas, Michoacan, Veracruz and Tabasco. >> Read More – May 17, 2016

Mexican oil states, Campeche, Tabasco, Chiapas, Veracruz, Tamaulipas and Puebla, are facing economic difficulties due to delayed payments to Pemex suppliers and to difficult global situation. >> Read More – May 16, 2016

Pemex willing to reduce its stake in its refineries, with capacity to process 1,576 million bd, as long as it sign alliances with partners to invest in resources and operate the plants. >> Read More – May 16, 2016

Trade relations between Peru and Mexico are expected to grow due to Pacific Alliance. 8% annually increase to greater trade flows. Trade relations between the countries has grown 195% in the last 10 years. >> Read More – May 16, 2016

OPEC: low oil production in Mexico might last until 2017. Substantial drop in Colombia, Mexico and Kazakhstan production, and overproduction persists. >> Read More – May 16, 2016

OPEC produced 32.44 million barrels per day in April, 188 thousand barrels per day increase from February production due to freezing pumping failure and termination of sanctions against Iran. >> Read More– May 16, 2016

Venture capital transactions in Mexico increased 17% during the first 4th months of the year. The main operation recorded, from Citla Energy on the oil and gas sector, worth US$555 million. >> Read More – May 12, 2016

Mexico petrochemical industry failed on efficiency & profitability due to a lack of vertical integration model appropriate for proper operation. >> Read More – May 12, 2016

Renaissance Oil seeks alliance with Pemex as it has a huge portfolio of properties and a lack of capital to develop them, presented as a great opportunity. >> Read More – May 12, 2016

PwC: Mexico returned to the list of the top ten countries worldwide growth thrusters due to the automotive, tourism and aerospace industries progress, despite oil prices crisis. >> Read More – May 12, 2016

Shell performs cleanup to control a spill of at least 2,100 barrels of oil in the Gulf of Mexico occurred on Thursday last week. >> Read More – May 12, 2016

Mexican peso recovers against dollar due to absence of US and Mexico economic indicators and, due to oil prices recovery. >> Read More – May 12, 2016

Mexico to award the 6 contracts of Round 1.3 not signed due to lack of financial support for seriousness guarantees. National Hydrocarbons Commission will begin to implement seriousness guarantees representing US$ 390,000. >> Read More – May 12, 2016

US crude inventories fall by 3.4 million barrels, and imports fell by an average of 5 thousand barrels per day. Inventories expected rise was of 714 million barrels. >> Read More – May 12, 2016

Secretariat of Finance and Public Credit will give fiscal and administrative support to companies of the Campeche and Tabasco states, helping them with the difficult economic situation due to oil prices fall. >> Read More – May 12, 2016

International Energy Agency: oil market is heading for a better balance between supply and demand, but the possibility of barrel price increases will be limited due to the high levels of reserves. >> Read More – May 12, 2016

Pemex 2015 financial situation was worse than previously reported to the BVM last February. There is no intention to liquidate Pemex, or stop operating. >> Read More – May 11, 2016

Pemex is no longer the only hydrocarbons producer in Mexico. Sener expects US$124 million of investment during the first years and US$989 million over concessions. >> Read More – May 11, 2016

Of the 25 contracts awarded in the third phase of Round One to be signed, only 19 were signed. Geo Estratos, Strata, and Sarreal companies failed to comply seriousness warranty. >> Read More – May 11, 2016

Sampling will take place at different gas stations of several states of Mexico, in order to assess whether Pemex Magna gasoline is Ultra Low Sulfur or not. >> Read More – May 11, 2016

Japan, importing Mexican crude since 2014, is interested in continue importing crude from Mexico to diversify its suppliers, concentrated in the Middle East. >> Read More – May 11, 2016

Over the next years, 80% of the Oil & Gas companies will invest in digital technologies to streamline processes and reduce costs, the most important challenge. >> Read More – May 10, 2016

ENI, Italian Oil Company, will finish by December 2017, the evaluation of the oil fields won in September on Round One, to present a development plan. >> Read More – May 10, 2016

BlackRock has allocated US$ 1bn in Latin America to an infrastructure investment fund, to invest in the energy, transport and communications sectors in the region, mainly Mexico. >> Read More – May 10, 2016

Pemex to decide in September 2016 whether to enter the US gas stations market or not. It will have a 6 months pilot with 5 gas stations in Houston.>> Read More – May 10, 2016

Illegal takes to Pemex pipelines increased by 12.3% during the 1Q16 compared to 1Q15. Estimated losses, US$ 1 billion. >> Read More – May 10, 2016

New Energy Minister of Saudi Arabia sayd the country is committed to respond to its customers oil demand and will maintain its current policies. >> Read More – May 9, 2016

Pemex debt has increased by 106.25%. In December 2012 was US$ 44 billion, and by March 2016 rose to US$ 91 billion. >> Read More – May 9, 2016

Pemex can't guarantee financial resources to explore oil and gas areas assigned on Round Zero, therefore it could lose it right to extract those reserves. >> Read More – May 9, 2016

Pemex gasoline purchased to The U.S. has lower quality, no cleaning standards and fails to comply environmental standards. >> Read More – May 9, 2016

Iran has increased its oil exports from 700 Mbd to 2 Mmbd. Its total production is 3.5 Mmbbl, close to 2011 levels before sanctions. >> Read More – May 9, 2016

Pemex adjusted February 2015 loss of US$49bn by a 36% increase in the same month of 2016. February 2016 loss reported by Pemex, US$29b. >> Read More – May 6, 2016

Campeche, where Cantarell block contributed with 62% of the total oil production of Mexico, is now ready to be trained to attend tourism to keep afloat during oil crisis. >> Read More – May 6, 2016

Mexico buy its own public debt, US$5.4bn, to send a positive message to the market and to protect its sovereign rating. >> Read More – May 6, 2016

BMV: Mexican economy fundaments, in terms of fiscal deficit and public finances, are positive and will allow to achieve a faster recovery than other countries’ in crisis. >> Read More – May 6, 2016

77% of Pemex debt to suppliers has been already payed as of March. Debt was contracted throughout 2015, due to 65% oil price drop. >> Read More – May 6, 2016

President of Mexico, launched a program to reduce oil dependence on Tabasco and Campeche, affected by low oil prices and Pemex budget cut. A program with different components and more than US$300 million.>> Read More – May 5, 2016

Pemex, Exxon and Chevron are among the 14 pre-qualified oil companies to participate in phase 4 of Round One bidding for 10 deep water fields to be held on December this year. >> Read More – May 5, 2016

Mexico loses appeal for foreign investors, going from the 9nth to 18th position in AT Kearney ranking. Current global economy has limited the expected reforms results. >> Read More – May 5, 2016

As of April 30, Pemex payments to suppliers have covered nearly US$5 billion and have already scheduled US$1 billion more. This was possible due to Federal Government support through capital injection. >> Read More – May 5, 2016

Canadian companies ready investments US$6 billion for new projects construction on energy generation and transmission. Canada hopes to obtain between 20% - 25% of the Mexican electricity sector projects. >> Read More – May 5, 2016

Energy Reform will define Mexico’s geopolitical presence during the next years, as the government is seeking for a transparent accountability. Importance of deepening on transparency and accountability issues. >> Read More – May 4, 2016

Mexico to maintain current level of strong economic growth by continuing the oil hedging program during the next year, to make it compatible with the 2017 budget. Estimated oil price of US$ 35 per barrel.>> Read More – May 4, 2016

Secretary of Energy, Ministry of Finance and Pemex, differ as to the goal of hydrocarbons production, cut spending and investment. >> Read More– May 4, 2016

Pemex is seeking to eliminate direct awarding contracts, that came to favor many companies, of its procurement system, aiming for a more transparent and competitive process. >> Read More – May 4, 2016

Pemex preparing to pay Cemex and Ica Flour debts. Debt payment could be covered with the money coming from the capital injection authorized by the government. >> Read More – May 4, 2016

IMF and World Bank: highlighted Mexico's macroeconomic fundamentals and predicted the country to grow 2.6% in 2016, beating 2 major regional economies: Brazil and Argentina, in recession. >> Read More – May 3, 2016

Two Mexican companies with Mexican partners and experience in the oil sector interested to invest in Cuba after economic opening and take advantage of it. >> Read More – May 3, 2016

Pemex suppliers seeking for Round One winning oil companies to offer its services due to Pemex crisis and its budget cut. >> Read More – May 3, 2016

Winners of 25 mature onshore fields in Mexico, for oil exploration and production, will sign contracts next May 10, and its first production will be in 3 years. >> Read More – May 3, 2016

US oil producers take advantage of the 20% rise in oil futures, to secure better prices for their product at US$ 45 per barrel in order to ensure additional income during oil prices situation. >> Read More – May 3, 2016

Moody's: Mexico's sovereign A3 rating is supported on structural reforms promoted by government, high degree of integration with the US, and on its economy diversity. >> Read More – May 2, 2016

Pemex expects to receive US$8 billion on promissory notes this year, for pensions and retirements payments, owed by the government due to tax regime change on the last contractual review. >> Read More – May 2, 2016

Pemex to have only US$12bn at its disposal to prevent oil exploration and production activities decline. It have already lost 81000 bd so far in 2016. >> Read More – May 2, 2016

Pemex registered US$ 3.6 billion net loss in 1Q16, due to low oil prices, a result 38% lower compared to 1Q15. >> Read More – May 2, 2016

IMF: Mexico debt increase, aggravated by low oil prices, is worrying. Pemex needs to become a viable and profitable company so that public finances are not affected and a budgetary burden. >> Read More – May 2, 2016

Mexican Government, working to gasify the country aiming for oil consumption reduction as the main source of energy. >> Read More - April 29, 2016

Pemex to close 142 refineries, more than programmed, for maintenance in order to increase its fuel production and then sell its share. >> Read More - April 29, 2016

Pemex investment savings in drilling, to multiply costs in the medium term and to threat Mexico’s hydrocarbons reserves. >> Read More - April 29, 2016

Pemex increases it losses, US$ 3.5bn in 1Q16. Expects to receive more government money to take on labor liabilities. >> Read More - April 29, 2016

Pemex Board of Directors approved new Pemex Exploration & Production CEO, and Corporate Procurement CEO designation. >> Read More - April 29, 2016

Mexico trade deficit reached the highest level in the last 22 years, US$ 4 billion, due to oil exports sales fall. >> Read More - April 28, 2016

Four banks have committed so far to fund the US KKR in lease & sale agreement for 15 infrastructure Pemex assets. >> Read More - April 28, 2016

Although economy is going well, Mexico must reduce fiscal deficit, make public spending efficient & fix Pemex costs. >> Read More - April 28, 2016

IMF projections of Mexico's GDP growth for 2016 & 2017 are 2.4% and 2.6%, and will grow up to 3.1% until 2021. >> Read More - April 28, 2016

Moody's: fiscal deficit & public debt reduction stagnation and contingent liabilities due to Pemex support to generate rating downward. >> Read More - April 28, 2016

Oil export sales for the first quarter of 2016 has been the worst seen since same period of 2002, falling to US$ 2.679 million. >> Read More - April 27, 2016

Pemex is already in the process of prequalification to participate in forth face of Round One bidding for deep water blocks. >> Read More - April 27, 2016

EU producers betting on shale gas demand in Mexico, used to feed power plants as they intend to reduce costs of producing electricity. >> Read More - April 27, 2016

World Bank raised its forecast for oil prices to US$41 per barrel for 2016, due to improved market perceptions and a weaker dollar. >> Read More - April 27, 2016

Digital technology to save oil industry as major companies plan to invest in technology solutions to reduce costs. >> Read More - April 27, 2016

Dutch companies ready to enter Mexico and others already there, ready to increase presence to take advantage of Energy Reform and others Structural Reforms that had open Mexican market. >> Read More - April 26, 2016

Mexico oil production remained stable in March compared to February, 2.217 Millionbpd. Exports fell 14.3% to 1,063 Millionbpd. >> Read More - April 26, 2016

Mexican markets, IPC and peso, fall due to falling oil prices, previous Federal Reserve monetary policy release and US key data. >> Read More- April 26, 2016

Federal Institute for Access to Public Information and Data Protection (IFAI), revokes "confidential information" classification and ordered Pemex to turn over concessions and agreements data. >> Read More - April 26, 2016

State Resources remain stable. 10.000 million pesos were transferred to offset falling oil revenues during 1Q16. >> Read More - April 26, 2016

Mexichem, Pemex partner, has lost US$ 460 Million in Mexico markets after the accident that caused 28 deads on Wednesday. >> Read More - April 25, 2016

Pemex accidents costs increased almost 6 times in a year, increasing from US$ 146 Million in 2014 to US$ 859 Million in 2015. >> Read More - April 25, 2016

OctanFuel, first Mexican franchise to face foreign companies soon to come to Mexico to offer services in gas stations. >> Read More - April 25, 2016

SHCP determined to give support to Pemex to strengthen its liquidity and to make the adjustments all industry is doing. >> Read More - April 25, 2016

Saudi Arabia Vision 2030 Reform Plan, to reduce dependence on oil, as it has hampered development in many sectors in recent years. >> Read More - April 25, 2016

Explosion in Pemex petrochemical plant, at the Chlorinated 3 complex, has left 13 dead & 136 workers wounded so far. >> Read More - April 22, 2016

Despite rescue and changes in tax scheme, if Pemex doesn't find partners for 2017, there will be a serious problem. >> Read More - April 22, 2016

Mexican oil prices recovery during 1Q16 wasn't enough to prevent US$2 billion export revenue loss, 46.7% less than 1Q15. >> Read More - April 22, 2016

Watco & WTC to stored and provide hydrocarbons. First private storage and distribution terminal of hydrocarbons in Mexico. >> Read More - April 22, 2016

Mexican peso depreciated after winning streak due to volatility and swipes in the international oil market. >> Read More - April 22, 2016

ICF, World Bank, and China Fund announced capital injection in Mexico for US$200 Million in newly the created Mexican oil company, Citla Energy.  >> Read More - April 21, 2016

An explosion occurred last Wednesday in a Pemex facility. Occurred in a petrochemical complex in the city of Coatzacoalcos, Veracruz. >> Read More - April 21, 2016

Eni International to begin drilling in Area1, Mexico next December. It intends to grow in the Latin American market. >> Read More - April 21, 2016

Pemex to lease & sell part of its assets to KKR & First Reserve. Also advances processes to do same with refineries. >> Read More - April 21, 2016

US Oil inventories rose more than expected, 3.1Mmbl, while it is expected Iran oil production to reachprevious level. >> Read More - April 21, 2016

Pemex seeks to gain investor confidence by showing alliances strategies projects to increase company profitability.  >> Read More - April 20, 2016

Mexico working on the process for accession to the EITI and its implementation, to seek revenues from Oil &Gas E&P. >> Read More - April 20, 2016

Iran's oil production reaches pre-sanctions levels in two months, and then would join efforts to control oversupply. >> Read More - April 20, 2016

Latin America Oil producers, under financial pressure, venezuela, Mexico & Colombia, already cutting oil production. >> Read More - April 20, 2016

Mexico has a whole framework due to economic hedges for oil price, that allows public finances management. >> Read More - April 20, 2016

More consultations needed about the OPEC meeting to decide oil production freeze, following Iran absence. >> Read More – April 19, 2016

Mexican economy continues growing compared to other LATAM countries. But deteriorated by Pemex problems & oil prices. >> Read More – April 19, 2016

SHCP decree tax benefits granted for costs, expenses and planned investments in the Revenue Law on Hydrocarbons. >> Read More – April 19, 2016

SHCP formalized Pemex tax regime implementation & estimate this will decrease about 50 billion pesos in taxes. >> Read More – April 19, 2016

Mexican peso strengthened due to China economic data & despite volatility in the international market & oil prices. >> Read More – April 19, 2016

Doha meeting ended without agreement. Saudi Arabia claims all countries to sign the pact. Iran unwilling to do so. >> Read More – April 18, 2016

Alfa to seek new oil & gas business partners in Mexico & the U.S. seizing opportunities offered by energy reform. >> Read More – April 18, 2016 

Pemex CEO & Treasury Secretary to attend road show with investors in New York after capital injection announcement. >> Read More – April 18, 2016

Pemex: Oil export sales revenue in February 2016 fell by 48.99%, 241.000 bd, compared to the same month last year. >> Read More – April 18, 2016

Pemex has a total debt of around US$86 billion, and US$ 8.6 billion as financial deficit. Government support won’t change previous budget cut.>> Read More – April 15, 2016

Energy Reform: Cantarell, the largest oil field in Mexico is already lowering its production. Hope is now on unconventional and deep water resources to be develop through association contracts. >> Read More – April 15, 2016

Mexico is taken as a good example on how to use IMF tools as a successful internal strategy for prevention in order to maintain the objective of macroeconomic policies. >> Read More – April 15, 2016

Despite low oil prices, Mexico chooses not isolated. Still committed to trade and to be a good partner for Germany taking advantage of the Structural Reforms. Bilateral trade was 21% more than 2015. >> Read More – April 15, 2016

Hydrocarbons Under Secretary the Ministry of Energy of Mexico, will attend the meeting of oil-producing countries convened to discuss in Doha. >> Read More – April 15, 2016

Mexico’s government will support Pemex with US$4.2 billion to solve liquidity problems, ease the company, pay pensions and retirements, and to reduce liabilities and debts to suppliers and contractors. >> Read More– April 14, 2016

Pemex reviewing funding plans for 2016, now evaluating market conditions to place Fiber E, an investment trust in energy and infrastructure, depending on market conditions and demand. >> Read More – April 14, 2016

Denmark planning to increase trade flow and cooperation on the energy reform implementation and instrumentation, as well as putting into practice clean energy in Mexico. >> Read More – April 14, 2016 

Economic short term outlook for Mexico is good, although oil prices and other raw are important for public finances, but not for the economy as a whole. Complex tax situation due to high dependence on oil revenues. >> Read More – April 14, 2016

Some analysts see a recovery in oil prices, while others say that is not enough the effects of the meeting in Doha. >> Read More – April 14, 2016

Standard & Poor's: Financing Oil and Gas companies won't impair Mexican banks assets, as they have enough resources to cover payments fall, and also it represents less than 5% of the loan portfolio of commercial banks. >> Read More – April 13, 2016

Mexico and Belize conducted 1rst meeting for negotiations aiming to analyze the available technical information on the zone, seeking to reach a bilateral agreement on transboundary hydrocarbon deposits. >> Read More – April 13, 2016

SHCP: Mexico Public finances will be strengthened Banxico remnants. Pemex's debt will be reduced with lower federal debt placement and federal government repurchasing operations. >> Read More – April 13, 2016

Mexican President negotiates to improve cooperation pacts with the European Union and the United States by joining the TTIP, as it offers an opportunity to facilitate trade. >> Read More – April 13, 2016

Oil supply still overabundant and reserves remain high. Surplus was 2.52 Mmbpd during the first quarter of 2016. >> Read More – April 13, 2016

Pemex faces more lawsuits due to 4,000 layoffs. Is now seeking to avoid millionaires’ payments or workers reinstate. >> Read More – April 12, 2016

SHCP: 70% of Banxico remaining will be used to re-buy Government existing debt. Is analyzing how to support Pemex. >> Read More – April 12, 2016

Banamex maintains its growth estimate for Mexico at 2.5%. Global economic growth estimates continue to decline. >> Read More – April 12, 2016

IDB: Mexico avoid a pro-cyclical crisis with coverage & the Stabilization Fund. Tax revenue from oil price fell 35%. >> Read More – April 12, 2016

Goldman: oil producers meeting in Doha on oil production to do little to boost prices, could even lead to a fall. >> Read More – April 12, 2016

Pemex still have to pay debt to 500 big suppliers for US$6.7 million, despite having covered 90% of payments to suppliers. Seek to reframe debt or capitalization by selling assets, but not hiring more debt. >> Read More – April 11, 2016

SHCP: 100Mbls of oil reduction estimated additional to the one already programed, due to budget adjustments and low oil prices. Mexico hasn't impacted current oversupply. >> Read More – April 11, 2016

ECLA reduced from 2.6% to 2.3% forecast growth for Mexico on 2016 because of the difficult global environment, while for the whole region expects an average reduction of -0.6%. >> Read More – April 11, 2016

Despite rating downgrade, Mexico remains among most creditworthy countries in Latin America, just below Chile & Peru level. It is expected that structural reforms increase economic strength in the medium term.>> Read More – April 11, 2016

President of Mexico travels to Germany and Denmark to promote investment opportunities in energy and telecommunications Mexican industry by taking advantage of the Energy Reform. >> Read More – April 11, 2016

As part of the pension scheme reconfiguration, Pemex will offer an Exchange Bond for unionized workers to migrate to individual accounts scheme. >> Read More – April 8, 2016

Pemex must generate mechanisms to reduce drilling time. Also need to renegotiate suppliers’ contracts, seeking to reduce exploration costs. >> Read More – April 8, 2016

German Ministry of Economy: Mexico is, for some time, an economic force in continuous growth. Its economic development is above Latin American countries average. >> Read More – April 8, 2016

Energy Reform leads oil companies dedicated to give added value to Mexican crude, to become a major exporter of oil derivatives products. >> Read More – April 8, 2016

CNH: 6 of the 9 companies prequalified to participate in the 4th phase of Round One are Mexican multinational subsidiaries: BP, Chevron, Exxon, Shell, Statoil y Total. >> Read More – April 8, 2016

President of Mexico attempt to avoid Moodys’ downgrade, is succeeding with Barclays, Bank of America and Banco Itau. Also announced spending cuts for US$ 9.9 Bn next year, due to lower deficit. >> Read More – April 7, 2016

Mexico's international reserves increased to US$ 177 billion coming from the sale of US$ 500 million from Pemex, Government buying US$ 12 million and an increase of US$ 323 million due to valuation of Banxico foreign. >> Read More – April 7, 2016

Pemex will sell 8,000 km of pipelines, ferrous and non-ferrous waste, equipment, and components of drilling equipment, and vehicles as a strategy to ease your finances. Expected revenues of US$274 million. >> Read More – April 7, 2016

New operators of oil industry are aware of new challenges of the Energy Reform. Companies will have to reduce operating expenses and partner with Pemex as it keeps most oil reserves. First production expected for early 2017 when a barrel cost $60. >> Read More – April 7, 2016

IEA: US crude inventories fell from record level, refiners increased production, imports fell and gasoline stocks rose after 6 weeks declining. >> Read More – April 7, 2016

2017 Pemex production forecasted to be the worst in 36 years. 40% less compared to 2004 production, when it reached the highest level ever. >> Read More – April 6, 2016

Pemex employees aren't happy with foreign firms’ contracts of Round One, regarding labor conditions and rights, fair wages and pensions. Already preparing to sue for annulment. >> Read More – April 6, 2016

Mexican peso, as well as other LATAM currencies, have depreciated due to further decline of international oil prices, affecting demand on global risk aversion. >> Read More – April 6, 2016

LATAM oil producers, Ecuador, Colombia, Venezuela and Mexico will meet on Friday seeking to reach a joint proposal regarding next OPEC meeting. >> Read More – April 6, 2016

8 municipalities’ inhabitants against Pemex for not complying to pay damages caused by oil exploration and production activities. Threaten to close wells in Tabasco. >> Read More – April 6, 2016

At least 10 oil companies: Shell, ExxonMobil, BP, Valero Energy, Trafigura, Chevron-Texaco & Lukoil, seeking agreements to allow import, distribution and commercialization of oil. >> Read More – April 5, 2016

Banco de Mexico surplus could be used to boost oil emergency fund and to finance oil hedges for 2017 while Mexico frees gasoline prices next year. >> Read More – April 5, 2016

According to the goals set by the 2017 Pre Criteria Economic Policy, oil production, estimated on 2,3 Mmbpd, would drop 20.4% or 1.3 Mmbpd less production. >> Read More – April 5, 2016

Oil import into Mexico from eligible companies will benefit the country, although infrastructure for storage and transportation still insufficient. >> Read More – April 5, 2016

Mexico expects to generate, by 2018, cleaner and more economical, electrical input for consumers taking advantage of the benefits from the Energy Reform. >> Read More – April 5, 2016

Moody's: 33% possibility that Mexico's current credit rating could degraded due to Pemex fiscal situation and lower growth scenario. >> Read More – April 4, 2016

Mexican oil started second quarter of 2016 with a 5.8% reduction, to settle at US$ 28.96 per barrel. Reduction equivalent to US$ 1.8 due to Saudi Arabia announcement regarding freeze production pact. >> Read More – April 4, 2016

EIA: 95.6Mmbl daily global oil production for 1Q16 from which 57Mmbl were produced by non OPEC countries. 94Mmbl world oil consumption during the same period, which implies 1.87Mmbl oversupply. >> Read More – April 4, 2016

IMP creates technology that reduces oil transportation costs for heavy and extra-heavy crude from production sites to refineries, by reducing its viscosity. >> Read More – April 4, 2016

SHCP: Mexican government will make a US$10 billion additional expenditure adjustment to preventive cuts announced in February for US$8 billion. >> Read More – April 4, 2016

Pemex to process 6.3% more crude oil this year, 1.134 million bpd compared with 1.066 million bpd in 2015, and to solve problems at refineries leading to a record low in 2015. >> Read More – April 1, 2016

Mexico's proven oil equivalent reserves fell 21,3% annual rate at 1 Jan 2016 recording 10.243 Mmbl, while in 2015 13.017 Mmbl. >> Read More – April 1, 2016

Oil production fall in Mexico generates several states to recorded negative growth rates during 2015. >> Read More – April 1, 2016

Southern Mexico economy stagnant due to low oil industry activity. No crisis foresee as expected to be temporary. >> Read More – April 1, 2016

Mexican conglomerate Alfa to buy Pacific Exploration & Production. Higher offer for O'Hara Administration's support. >> Read More – April 1, 2016

SHCP: Mexican Government oil revenues for February 2015 increased 10%, totalized US$7bn, due to temporary collection factors and exchange rates, although the average price fell 44.5%, from US$ 47 in Feb 2015, to US$ 26 in Feb 2016. >> Read More – March 31, 2016

Mexico, energy investment opportunity due to economic reforms. Large proven oil reserves and a more favorable business environment: no political barriers, geopolitical risks or economic sanctions. >> Read More – March 31, 2016

First power auction in Mexico, contemplating long-term contracts and clean energy projects, will involve investments of over US$2,600 million. It was allocated about 85% of energy competition, ganaron18 projects. >> Read More – March 31, 2016

US crude inventories rose last week to 534.4 Mmbl, 3.3 Mmbl less than expected. Dollar loses value vs other currencies like Japanese Yen and Euro, also oil price rises. >> Read More – March 31, 2016

Mexican peso appreciates against a weakened dollar due to possible interest rate increase by the FED, and rising oil prices. >> Read More – March 31, 2016

Oil companies operating deep waters blocks in Mexico must use 5% of domestic suppliers in its projects in 2015 and 8% in 2025. Minimum for projects on land and shallow waters are much lower. >> Read More – March 30, 2016

Mexican government anticipates gas and diesel imports to benefit consumers and attract more investments in the energy sector due to lower maximum prices, mainly in areas bordering the U.S. >> Read More – March 30, 2016

SHCP must submit 2017 realistic scenario on Pre-economic policy criteria. Economy will grow 3.5%, 3% inflation, fiscal deficit 0 and price per barrel of crude US $ 30.  >> Read More – March 30, 2016

Ecuadorian Minister seeks support from Mexico & Colombia to hold a meeting in Quito regarding falling oil prices before meeting between OPEC and non-OPEC countries on 17 April.  >> Read More – March 30, 2016

Mexican sub-sovereign government financially held down as a result of long low oil prices period. It have the lowest ability to cut spending or develop alternative income sources. >> Read More – March 30, 2016

85% of Pemex providers are SMEs & MSMEs in need of Pemex to pay its debt as its financial viability depends on it. Payment already, and is expected to be completed the next two weeks. >> Read More – March 29, 2016

February 2016 oil production fell 5% compared with February 2015, dropping from 2.3 Mmbd to 2.2 Mmbd. Wells drilled decreased 43% due to lower completions. >> Read More – March 29, 2016

Despite devaluation of Mexican Peso, inflation is still below 3.0%. Oil prices fall, aggressive monetary policy in Japan and the Central Bank led to dollar strengthening against Peso. >> Read More – March 29, 2016

US to accelerate regional electricity integration supporting the integration of Mexico through the energy reform by revising the regulation to promote long-term contracts and facilitating dialogue between countries. >> Read More – March 29, 2016

Keppel O&M delivered 2 jackup rigs to support operations at the $5bn Cantarell oil field located offshore Mexico. >> Read More – March 29, 2016

Pemex's oil equivalent proved reserves fell to 13,017 mmboe in Jan 2015. 6% negative difference with 2012 proved reserves of 13,810 mmboe, ie 793 mboe less. >> Read More – March 28, 2016

The credit lines granted by development banks to Pemex for US$ 854M will be use to settle debts under US$ 5M. Pemex will pay to 1,200 companies. >> Read More – March 28, 2016

Oil exports free falling. In the first two months of 2016, 104 mbd weren't sold. US$ 20.44, value loss per barrel exported. Due to oil prices fall and less exports, Mexico didn’t received US$ 27 million a day. >> Read More – March 28, 2016

US$7 Mm investment for the first storage and distribution plant of liquid petroleum gas of a foreign company, Windstar from Texas, as one of the Energy Reform projects. >> Read More – March 28, 2016

Pemex fired 139 engineers and 648 workers from platforms, who were part of PEP Talent recruitment program, highly qualified professionals to compete facing new market conditions. >> Read More – March 28, 2016

IEA: U.S. oil inventories rising by 9.4 Mbd for a total of 532.5 Mbd, since refineries reduced its processing levels, imports climbed, and gasoline stocks fell. >> Read More – March 24, 2016 

Pemex new retirement and pension scheme, redesigned to provide better legal and administrative tools to become a competitive company and stipulated on secondary laws of the Energy Reform, must be submitted to the Senate. >>Read More – March 24, 2016

Low oil prices to lead to insolvency and non-payment of sovereign or corporate debt. Urges to support oil demand. >>Read More – March 24, 2016

Pemex oil production fell 55 Mbd in last year, 2.4% decline compared to the same period last year and is below budget projection. Production volumes remain the lowest in decades. >>Read More – March 23, 2016

Exxon, Chevron & Shell to participate in deepwater partnership projects with Pemex seizing on its budget cut. Alfa and Grupo México to partner with Pemex for shallow waters. >>Read More – March 23, 2016

US$ 1.2 billion of Foreign Direct Investment on gas transportation, 5 times previous year, under bidding program for infrastructure projects to transport and store hydrocarbons.>>Read More – March 23, 2016

So far in 2016 Pemex has fired 1500 technical, maintenance and operational employees due to its financial situation. >>Read More – March 23, 2016

Federal Electricity Commission to promote renewable energy generation projects in Mexico’s public schools using solar panels to protect the environment and electricity consumption saving. >>Read More – March 23, 2016

Standard & Poor's rating of Pemex will keep falling despite Mexican Government support. Major reform, as well as it implementation is needed for banks to provide resources to pay debts. >> Read More - March 22, 2016

Corruption, low productivity and oil prices fall are responsible for Pemex crisis. Plan to strengthen Pemex financial capacity and restructure it to eradicate corruption is required. >> Read More – March 22, 2016

Mexican economy growing at 3% annual rate resisting oil market fluctuations. Mexico has a solid industrial base and projects opportunities derived from Energy Reform. >> Read More – March 22, 2016

Gas to surpass oil as main source of energy. US have high production and reserves level. Mexico will need to renew its productive system based on oil production and buying gas from the U.S. >> Read More – March 22, 2016

Iran could join OPEC's plan to freeze pumping oil to support prices. Right now Iran is looking to increase exports. >> Read More – March 22, 2016

Pemex plans to eliminate up to 66% of offshore platforms contracts, going from mainly for drilling. Ku-Maloob-Zaap, Mexico's most prolific oil asset, will go from 12 platforms to 5 aiming to reduce costs. >> Read More – March 21, 2016

Pemex collects USD$ 287Mm with the issuance of a 3 years bond acquired by banks, investment funds and public and private treasuries. Resources will go to help overcome current liquidity problems. >> Read More – March 21, 2016

Difficult but necessary actions to be taken in Pemex to strengthen the company facing the oil prices crisis. Pemex must act with vision and responsibility in collaboration with Mexican government. >> Read More – March 21, 2016

80% of Mexican oil is used to produce fuels and electricity, the 20%left is used by petrochemical industry to elaborate different products, a boom in the international market. >> Read More – March 21, 2016

US oil taking on, and reshaping energy market and map. Exportations still small compared with giant OPEC’s and non OPEC’s exporters like Saudi Arabia and Mexico. >> Read More – March 21, 2016

Moody’s: Unless Mexican government provides a significant amount of capital, or reduces taxes and duties to Pemex, the company will face growing borrowing needs>> Read More March 18, 2016

Pemex crude has been rising as a global result to its highest level so far this year. US$ 25 per barrel of oil, average target set by Pemex new CEO, to define investment projects. >> Read More – March 18, 2016

Monterra Energy LLC will build a new pipeline to mobilize 165000 Mbd of refined oil from Veracruz to Hidalgo in order to board Infrastructure needs for transportation. >> Read More - March 18,206

Spain's Tecnicas Reunidas has been awarded with a US$$800 Mm contract for the second phase of General Lazaro Pemex refinery. The project is part of the modernization plans of Pemex. >> Read More - March 18,206

Mexico's energy ministry estimated a slow oil price increase, between US$40 and US$60 per barrel in 2017; however doesn’t foresee a scenario of US$ 100 per barrel. >> Read More - March 18, 2016

CNH: 20 companies interested in 4rth face of Round One. 14 have requested access to the Data Room of whom 11 already have access to it. 9 companies began their prequalification process, BHP, Exxon, Shell among others. ow.ly/ZAd2L – March 17, 2016

Mexico public spending still depends, in great degree, on Pemex, company whose total debt sums US$86 bn. Real problem: 11 years of oil declining production. ow.ly/ZAdUZ – March 17, 2016

Profit margin obtained from the previous 3 faces of Round One, where 30 E&P contracts have been assigned, is close to 70% of the revenue, therefore Mexican oil was not wasted and won’t be on the 5th face to auction deep and ultra-deep oil fields in the Gulf of Mexico. ow.ly/ZAeNt – March 17, 2016

Mexican Institute of Public Accountants: Banxico's 2015 remnants of operations calculated in US$20 Bn, which must be submitted to SHCP, could be used to capitalize Pemex. ow.ly/ZBNcc – March 17, 2016

Mexico's debt represented 35% of GDP at the beginning of the decade. JP Morgan estimates it could reach 47% by the end of 2016. ow.ly/ZCpeD– March 17, 2016

US President reversed proposal to allow oil and gas E&P offshore the Atlantic, to protect sensitive resources in a responsible development of domestic energy to reduce dependence on foreign oil. ow.ly/ZvEsP – March 16, 2016

So far any company has request for permission to transport or store hydrocarbons, although it can be a profitable a market, only Pemex Logistica has the appropriate permissions so far. ow.ly/ZvH5I – March 16, 2016

At least a dozen of US companies interested to invest in gas stations in Mexico, after so many years of Pemex monopoly Energy Reform opens the opportunity for oil companies in the world. ow.ly/ZvIoO – March 16, 2016

Unproductive Pemex shows negligence, corruption, abuses, damage, economic losses due to structural problems and other operational problems sinking the company in its worst crisis making it one of the most unproductive energy companies in the world. ow.ly/ZwiUu – March 16, 2016

USD$836 Mm credit granted to Pemex from development banks like Bancomext, Nacional Financiera and Banobras, is not a risk. It only represents 2% of its total portfolio. ow.ly/ZxJCi – March 16, 2016

Mexican peso and Stock Market fall in line with oil price, while US oil reserves keep rising and markets await FED to provide its next steps regarding interest rates. ow.ly/ZsI1C – March 15, 2016

Pemex imbalance has become a matter of "national security" due to the contribution on public finances and to be provider of basic inputs for population and industry. ow.ly/Zu6Zv – March 15, 2016

Energy reform, wide and ambitious economic and social reform, aims for energy supply to be more secure, efficient, and sustainable, while reducing electricity cost for citizens and businesses, and greenhouse effect emissions. ow.ly/ZtGCt – March 15, 2016

OPEC: oil global demand in 2016 will be lower than expected due to greater resistance to low prices, raising market oversupply. Expected supply from outside the group to fall by 700,000 bpd this year.ow.ly/ZsH3e – March 15, 2016

Moody's assigned a Baa1 rating to Pemex's issuances of EUR$2.25 billion based on the company's weak credit metrics. ow.ly/ZsIOT – March 15, 2016

Moody's: Mexican economy is stable despite the international environment, therefore there's no reason to lower sovereign rating. Despite Pemex restructuring, difficult financial situation and debt, does not influence Mexico’s rating. ow.ly/ZpmZ9 – March 14, 2016

LATAM State-owned Oil companies transformed into risky obligations due to debt levels. Companies from Venezuela, Brazil and Mexico have higher dollar debt than its government. Pemex has the highest credit rating among PDVSA, PetroBras and Ecopetrol. ow.ly/ZpnKJ – March 14, 2016

Gulf to present franchise model to open its 4 gas stations seasons this summer. Gulf will try to convince Pemex franchisees to switch brand by showing them they offer higher returns with differentiated services.ow.ly/Zro9g – March 14, 2016

IEA: Oil prices may have bottomed out as The U.S. oil production, as well as non OPEC oil producing countries, is starting to fall. Iran's offer has been less dramatic than expected. ow.ly/ZpLvi – March 14, 2016

Oil theft from Pemex pipelines sum 23500 bd, for a total of US$1.2 billion. New legal system and Law for Oil Extraction and Trafficking crime to combat this crime more rigorously allowed penalizing oil marketing.ow.ly/Zpnkf – March 14, 2016

Gulf Oil Company, American company, announced it arrival to Mexico after Federal Government accepts free importation of gasoline for next April. First company to compete with Pemex in the gasoline market. ow.ly/ZkiAa – March 11, 2016

Employment in the oil states drops 7% due to low oil price & Pemex crisis, which reduced its workforce by 15M people. The extraction sector was the only one to cut jobs. ow.ly/Zkk04 – March 11, 2016

Mexico achieved lowest inflation in 47 years. General inflation reached 2.13%, closed to the 3% target due to fiscal policy and energy, telecommunications and structural reforms efforts. ow.ly/ZklWT – March 11, 2016

Pemex revoked a truck-leasing contract with Integra Arrenda SA because it was 63% more expensive than a prior agreement. Lack of conditions in the bidding process. ow.ly/ZkmhQ – March 11, 2016 

Mexican crude remained at US$ 30 after several days. Crisis measures have yielded results and price is maintained. ow.ly/ZlIDc March 11, 2016

Mexico will explore oil & gas shale fields in the north of the country. Secretariat of Energy is also planning to include these fields in the 5th phase of Round 1. ow.ly/ZhlEi – March 10, 2016

Pemex contracted a credit line for US$846 million with the Inter-American Development Bank to pay 85% of suppliers of goods and services debt. Payments will focus on small and medium vulnerable enterprises. ow.ly/ZhpcB – March 10, 2016

Pemex tanks only saved 2 days' supply, a risk as it imported just over 50% of the fuel consumed in the country. ow.ly/Zhjpz – March 10, 2016

Ministry of Finance, focusing on ways to make Pemex recovered, will help  Pemex with capital that could come from revenue that government will receive from Central Bank due to operating surplus. ow.ly/ZiWuO – March 10, 2016

Pemex experiencing worst financial crisis in its history, while CFE has a labor liabilities which grew almost 500%. ow.ly/ZhoKk March 10, 2016

Pemex CEO: Pemex will pay 90% of suppliers’ debts by the end of this month, in particular small and medium enterprises. Pemex will cover payments for up to US$4.7 million. ow.ly/ZegSk – March 9, 2016

BlackRock CEO: Energy reform and Mexican peso depreciation establish new investment opportunities for Mexico. Many opportunities due to expectations in oil prices to rise, opening of the electricity sector and incentives to invest. ow.ly/ZgNMU – March 9, 2016

Mexico net debt decline curve will start at 2017. At the end of last year, it accounted for 47% of GDP. Economic value amounted US$463 million. Treasury to keep debt at 48% of GDP and to lower the deficit.  ow.ly/ZehGT – March 9, 2016

Pemex CEO: Pemex is one of the most emblematic companies in the Mexican energy sector, and will remain. Facing liquidity problems due to low oil prices is solvent and has enough and growing oil reserves. ow.ly/Zeigs – March 9, 2016

Bank of Mexico: The drastic oil prices fall since 2014 to date, and significant increase in fuel imports caused a net decline of US$10.9 billion in the oil trade balance, from a surplus of US$97 million min 2014 billion to deficit. ow.ly/Zej1x – March 9, 2016

Prosafe to remove two offshore platforms will cease operations in Mexico due to low oil prices and Pemex spending cuts. Its client, Cotemar, which provides services to Pemex, was directly affected. ow.ly/ZblFe – March 8, 2016

28.5% less than scheduled transferred from oil revenues during January to the FMP. US$2.2 Bn expected, but just US$1.6 were transferred, which meant US$619 Bn less. ow.ly/ZbnWK – March 8, 2016

Cash flow reduction, financial costs and debt ratios deteriorating pose a difficult 2016 for Pemex and CFE for debt issuance in the stock markets, as they have to refinance their debts at higher rates. ow.ly/Zdlqz – March 8, 2016

Due to substitution of gas for fuel oil, electricity rates have reduced as premise of the Energy Reform: more competitive tariffs for industry and domestic consumption. Construction of gas plant and ducts for reduce cost reduction, cleaner and friendlier to the environment. ow.ly/ZbUkB – March 8, 2016

HSBC and Citi contemplate expanding businesses in Mexico due to its position compared to other economies. Oil issue deserves a more careful analysis, but feels comfortable with the risk analysis. ow.ly/ZbkZD – March 8, 2016

Pemex Administrative Council led by Mexican Secretary of Energy, authorized new changes to Pemex organizational structure as part of budget adjustment, eliminating some addresses which will be assumed for existing ones. ow.ly/Z8xvF – March 7, 2016

Mexican President: CFE, within energy reform framework will drive 85 major infrastructure projects to generate clean energy. US$26 billion to be invested. ow.ly/Z8FFR – March 7, 2016

Mexican oil closed above US$29, 7.55% rise. Employment, technical factors, and low oil rigs production, encouraged rise. ow.ly/Z8xIF – March 7, 2016

15 oil producing countries to attend meeting in March, to support Venezuela, Saudi Arabia, Russia and Qatar agreement to freeze oil production to January levels. ow.ly/Z8wyQ – March 7, 2016

Puma Energy, midstream & downstream energy company, enters Mexican oil products market. First of many important steps. ow.ly/ZabaU – March 7, 2016

Pemex, the worth less Oil Company and second with more debt after PetroChina, accumulated debt exceeding US$178 billion. Pemex is the only major oil company that has negative equity, US$66 billion. ow.ly/Z3fzF – March 4, 2016

SHCP estimated US$28.7 per bl sold during 2016. Expects lower oil revenues, negative factor for all Mexican states. ow.ly/Z3fQ6 – March 4, 2016

Mexico is more an oil consumer than an exporter, due to production volumes, lower growth and higher inflation. ow.ly/Z2N3Y

 – March 4, 2016

Banxico lowered to 2% GDP growth due to oil price & volatility. Forecast is below official government data, 2.6-3.6%. ow.ly/Z2LFL – March 4, 2016

In the current environment and variable international market, oil producers will find it difficult to raise capital. ow.ly/Z4FHF March 4, 2016

Pemex Cogeneration, Pemex Fertilizers and Pemex Ethylene, 3 of the 5 new Pemex subsidiaries, contributed with USD$40.61 Mm to the total loss of Pemex. ow.ly/Z1FFi – March 3, 2016

External market & world economy weakness, international financial instability, and low oil price crisis, hindering Mexican economic growth. ow.ly/YZWGy – March 3, 2016

Pemex Exploration & Production, subsidiary with higher losses due to high investment costs. USD$28.5 Bn, due to investment high costs, adverse market conditions, & high taxes. ow.ly/Z1Ibl – March 3, 2016

Pemex CEO sees it as a solvent company going through a process of rationality. Administrative units removal will be a challenge, as well as rethinking investments. ow.ly/YZXKM – March 3, 2016

Possibility of disincorporation of some of new Pemex subsidiaries. Not included in cut spending, but remains as an alternative. ow.ly/Z22A0 – March 3, 2016

Pemex will get US$10.4bn in savings from new pension scheme. For every dollar saved Mexican Federal Government will the give same amount. ow.ly/YWYan – March 2, 2016

CNH authorizes Pemex to drill 3 more wells by fracking, in addition to the 1,323 already drilled with fracking. US$29.7 bn investment to be made. ow.ly/YZ5BQ – March 2, 2016

Possible meeting between Venezuela, Ecuador, Colombia & Mexico to support OPEC meeting to stabilize oil market. ow.ly/YWZcq – March 2, 2016

IEA: global oil prices have bottomed out, are expected to rise this year as investment cuts help reduce oversupply. ow.ly/YWXqk – March 2, 2016

Putin: Russian oil companies won't increase production in 2016, after Russian oil supply increased by 1.4% in 2015. ow.ly/YX0Xv – March 2, 2016

Pemex has its worst results in 10 years, declares a US$9 Bn loss for 4Q15. Overall loss for 2015 was over US$30 Bn. ow.ly/YUBg4 – March 1, 2016

Pemex will produce 100M barrels less per day for a total of production of 2.13 Mmbd, and will also cut production projects costing more than US$ 25 to produce a barrel. ow.ly/YUC0h – March 1, 2016

In a year, 900 wells have been closed between the U.S. and Canada because at current prices producers lose money for each barrel they sell. 2 years ago, fracking just was profitable at US$ 70 per barrel, now it is at US$ 40. ow.ly/YUD3K – March 1, 2016

OPEP agreement isn't the end of history regarding oil prices. Agreements and diplomatic negotiations still need to be carried out. ow.ly/YUClB – March 1, 2016

Mexican blend had been rising in line with the international market trend; it ended the day with a 0.48% gain. ow.ly/YUAzY March 1, 2016

Mexico stands out at G20 and IFIs, its reform process succeeded to sustain economic growth despite low oil prices crisis. ow.ly/YO7Eo – February 29, 2016

SHCP discarded that Pemex is going direct to bankruptcy, and said it is a "widely solvent" company facing a liquidity problem. ow.ly/YU3sA – February 29, 2016

Mexico and The U.S. formalized Bilateral Energy Business Council for Mexico's transition to a competitive energy market. ow.ly/YOdjP – February 29, 2016

Pemex recorded 3 accidents last year. Inconsistencies between resources allocated for maintenance and obtained production. ow.ly/YOaLf – February 29, 2016

Prudent fiscal policy, structural reforms implementation, and good debt management, make Mexico attractive to investors. ow.ly/YOc8U – February 29, 2016

Pemex, cash-strapped, ready to sale assets to raise money by selling stakes in pipelines and oil terminals. ow.ly/YLtn2 – February 26, 2016

1 barrel of oil is 32% more expensive to be produced. Oil revenues between 2000-2015 grew by 163%, spending by 240%. ow.ly/YLxtZ – February 26, 2016

Alfa Group stopped operations in the US. 610 wells currently operating, no further investments, but for maintenance. ow.ly/YNjS2 – February 26, 2016

Mexican Secretary of Energy: Oil prices won't recover before the second half of next year, best scenario. ow.ly/YLsp9 – February 26, 2016

Mexico & Colombia preparing to face economic crisis. Colombia, a very important strategic partner due to G3 & TTP. ow.ly/YLwmL – February 26, 2016

As of April 1, Sener will grant, gas, crude oil, jet fuel, diesel and mixtures imports, to any party that meets legal provisions. ow.ly/YIBbb – February 25, 2016

Pemex reduced its oil production last month by 0.7% compared to December 2015; oil exports rose 11% during Jan 2016. ow.ly/YKuqo – February 25, 2016

Oil prices fall below US$ 33 Saudi Arabia ruled out production cuts; Mexican Stock Exchange recorded > 1% losses. ow.ly/YIxJz – February 25, 2016

Tax increase isolated Mexican budget from oil drop after oil sales contribution to federal budget reduced to 20%. ow.ly/YIzqp – February 25, 2016

Pemex CEO plans to reduce suppliers debt because levels are not sustainable, also could adjust its workforce. ow.ly/YIApA – February 25, 2016

President of Mexico became the 2nd person in history to receive IHS Global Lifetime Achievement recognition for "his vision and leadership to achieve a historical modernization in the energy industry of Mexico”. ow.ly/YFKmh – February 24, 2016

Pemex to reverse negative finances in 9 years. Plans to sell nonproductive assets & focus on more useful ones, abandon unprofitable activities and accelerate strategic alliances and partnerships. ow.ly/YFJgY – February 24, 2016

Pemex CEO has met various global companies CEOs & investors interested to invest in Mexico and partner with Pemex, a long-term viability company with large reserves inventory, low production cost and talented technicians. ow.ly/YHITt – February 24, 2016

19 companies interested in 4rth call of Round One, 7 had already paid for data room access: Chevron, Total, Atlantic Rim, Hess, NBL México, Shell y Statoil. ow.ly/YFHM5 – February 24, 2016

Pemex to discuss, on Friday, the future of its wells: ones to remain on their own, to operate in partnership, and the ones to close. ow.ly/YFKGx – February 24, 2016

Mexican President committed to fully implementing energy reform. Intends to maintain E&P contract bidding success. ow.ly/YDvdt – February 23, 2016

Mexican Oil Fund to allocate 1.8% of GDP, far from 4.7% projection according with what energy reform predicted. ow.ly/YDuKG – February 23, 2016

Pemex requested approval to produce, through partnerships with 3rd parties, 13% of its production, 296.940 bd. ow.ly/YDtON – February 23, 2016

Mexican government to auction, in December, deep water fields in Gulf of Mexico, and to liberalize gas imports on April. ow.ly/YDu4m – February 23, 2016

Mexican peso appreciated due to oil prices increase & Wall Street futures higher open. WTI futures above US$30. ow.ly/YDtdw – February 23, 2016

Pemex to ruin Mexican finances. Low oil prices, plus great accumulated debt, don't provide profits to Mexican Government, but ask to pay for Pemex debt. ow.ly/YzTLi – February 22, 2016

Oil producing countries agreement seeks a US$ 50 price per barrel of oil; however, Irak remains aiming to increase production by 700Mbd. ow.ly/YzUzW – February 22, 2016

No contradiction between US$5.5 Bn adjustment to Pemex budget, and rescue capital to be used to pay debts, especially to suppliers.ow.ly/YzVv8 – February 22, 2016

Pemex CAO and Industrial transformation Director, added to list of directors to left their job, structure & organization changes to accelerate Pemex transformation in a productive and competitive company. http://ow.ly/YCKC5 – February 22, 2016

The US: in 2017 production will reach record levels due to 14 new projects. EIA estimated 2017 average production at 1.6 Mmbd. ow.ly/YzTfC – February 22, 2016

Services suspended natural gas compression at Abkatun platform after inspection following fire that left 3 workers dead the past 7 of February. ow.ly/YuPrB – February 19, 2016

Pemex CEO to conduct more layoffs due to US$5,3 Bn budget cut adjustment, seeking to improve profitability and strengthen the solvency. ow.ly/YuQ02 – February 19, 2016

Banxico: possible delay in EU recovery, further oil prices declines, more aggressive policy adjustment, not rule out. ow.ly/YuRmF – February 19, 2016

Mexican Retirement Funds Administrators have US$ 13bn resources to invest in large infrastructure & energy projects.ow.ly/YuROA – February 19, 2016

The United States reserves increase slows progress in oil prices after the agreement reached to freeze production by Saudi Arabia, Qatar, Venezuela and Russia. http://ow.ly/Yx3Be – February 19, 2016

Iran supports the decision of producing countries inside and outside OPEC, to freeze volumes of oil extraction. ow.ly/YtKvC – February 18, 2016

Mexican government cut public spending by US$ 7,000 Mm, 0.7% of GDP, to deal with global environment deterioration. ow.ly/YrQnS – February 18, 2016

Bank of Mexico governor raised benchmark interest rate by 50 %points, now at 3.75%, will suspend dollar auctions. ow.ly/YrQ3B – February 18, 2016

Mexican government seeking to anticipate volatility and uncertainty, placed bonds in euros for EUR$ 2.5Bn, US$ 2.8Bn. ow.ly/YrRmk – February 18, 2016

Siemens expects revenue growth in Mexico, due to development of energy and infrastructure project. ow.ly/YtLoU – February 18, 2016

Pemex reported negative balance of US$ 7,8 Bn. Yet Pemex achieved Congress set goal financial balance of US$ 8 Bn. ow.ly/YoOuF – February 17, 2016

Saudi Arabia, Qatar & Venezuela agreed to freeze oil production, in order to curb oversupply & help prices recover. ow.ly/YoQkG – February 17, 2016

Mergers and acquisitions in Mexico to be cautious due to macroeconomic factors: dollar, oil prices & interest rates. ow.ly/YoRbb – February 17, 2016

Mexican peso strengthened after Russia & Saudi Arabia agreed to freeze oil production, short term recovery expected. ow.ly/YoU7R – February 17, 2016

5 majors started prequalification process to bid for a Ronda 1.4 contract: Chevron, Hess O&G, Statoil, Shell & Total. ow.ly/YoRUE – February 17, 2016

Pemex bankruptcy: New Pemex CEO to drive virtual insolvency process by dealing with investment fund cut & dealing, harshly and fearless, with Pemex union. ow.ly/YmF5c – February 16, 2016

Assignment Contract Program: Pemex must give 70% of its market share of natural gas in the next 4 years to 3d party marketers. ow.ly/YmCAL – February 16, 2016

Mexican Secretariat of Finance and Public Credit will pay Pemex labor liabilities, to assume part of pension & retirement after reaching an agreement with Pemex union. ow.ly/Yo84x – February 16, 2016

Minister of Economy: Pemex future depends on establishing partnerships with private companies & improving financial efficiency by reducing spending. ow.ly/YmFNY – February 16, 2016

Reuters: Saudi Arabia, Russia & Venezuela to hold 1st meeting in 15 years between members and non-members of the OPEC, to control oversupply which has led to lowest prices in 10 years. ow.ly/YmCn2 – February 16, 2016

Pemex: Maya oil price, most exported, could fall to US$ 19 by March. If so, additional pressure on cutting costs and financial restructuring for Pemex. ow.ly/YjocS – February 15, 2016

Moody’s: Pemex needs US$ 23.00Mm for spending, if it is able to reduce 10% of its operating costs, and if it doesn’t adjust to the US$ 15,000Mm capital budget provided. ow.ly/YjoIv – February 15, 2016

Canada, U.S & Mexico signed Clean-Energy Agreement for emissions reduction, carbon captures projects & energy information sharing. ow.ly/Yjnvu – February 15, 2016

Spain oil imports increased 9.4% in 2015. Mexico provided 14% of the total, 4% more than in 2014. ow.ly/YjnJ9 – February 15, 2016

Alfa Group will reduce its investment by 18% in 2016, to limit petrochemicals & energy businesses operations. ow.ly/YlqTB – February 15, 2016

Investors may be losing confidence in Mexican Government support to Pemex, according to what CDS prices imply. ow.ly/YeJmi – February 12, 2016

In Tamaulipas & Tabasco oil production grew in 2015. For the other 5 oil producing states, balance was negative. ow.ly/YeqqO – February 12, 2016

Newcomer to Mexico, Sabadell, Spanish bank has set its sights on Pemex to support mainly on suppliers debt payment. ow.ly/YesbR – February 12, 2016

4 companies interested to partner with Pemex & FEC in electrical cogeneration, storage & hydrocarbons transport. ow.ly/YeqWq – February 12, 2016

Low fuel oil sales in Mexico. Pemex to export it, mainly to Asia, since its more cost effective than natural gas. ow.ly/Yg2AO – February 12, 2016

US reduces need for Mexican oil from 85-60%. Spain, India, France & Japan, with new strategies due to concerns about instability in the Middle East, still demanding it. ow.ly/YdtHa – February 11, 2016

Pemex production & exports decline, 16Mbpd & 52% less than in Dec 2015, respectively, threatens newly approved AWP. ow.ly/YbBH7 – February 11, 2016

Mexican Hope: Alfa, one of the largest Mexican conglomerates, reported US$9.4 Mm profit for 4Q15 & 271% net profit grew in 3Q15 compared with the same quarter of 2014. ow.ly/YbCfP – February 11, 2016

CNH allow Pemex to drill 3 wells: Chocol1, Terra2DL & Valerian1. US$53 Mm required investment, 254 Mmboe prospective resources to be recovered. ow.ly/YbCNV – February 11, 2016

Pemex owed US$ 7Bn to suppliers. Factoring to suppliers, financial mechanism, needs to be implemented ASAP. ow.ly/YbANi February 11, 2016

Pemex Priorities: Farm-outs, Deepwater Tender, Debts to suppliers, Refinery reconfiguration, Budget cuts & Pemex vs Cofece. ow.ly/YaBp6 – February 10, 2016

Pemex deterioration graphs: Total assets, Domestic sales, Exports, Imports & Total debt accentuated deterioration. ow.ly/Y96Xx – February 10, 2016

US government: 2017 domestic oil production will decline by 230Mbpd. EIA: Oil production will fall to 8.46Mmbpd in 2017. ow.ly/Y8KQe – February 10, 2016

New Pemex CEO, Jose Antonio González, priority is on adjusting 2017 investment budget, before considering cutting staff. ow.ly/Y8JPw – February 10, 2016

IEA warns against optimistic forecasts for a slowdown of oil prices fall. IEA don't perceive short term prices increase. ow.ly/Y8I1p – February 10, 2016

Pemex dismissed 10M more employees, for a total of 25M layoffs. Despite low production cost, financial reform is needed to address oil crisis. http://ow.ly/Y7K7G – February 9, 2016

President Peña Nieto fired Emilio Lozoya Austin from Pemex general direction. José Antonio González, former IMSS head, to take his place. ow.ly/Y6pRF – February 9, 2016

Pemex is viable. Despite low oil price production generates profits at a cost between US$8 & US$12 per barrel. ow.ly/Y6pg2 – February 9, 2016

Pemex preliminary financial data show its worst performance since 1993, recorded historic loss of US$7.849 million. ow.ly/Y6oQe – February 9, 2016

Many energy companies have filed for bankruptcy. The less affected, desperately seeks a way out of the crisis. ow.ly/Y6oqI – February 9, 2016

Oil theft to Pemex pipelines reduced by 34% as a result of the infrastructure surveillance & protection strategy. ow.ly/Y553F – February 8, 2016

Venezuela puts pressure on OPEC to lower oil production. Seeking support from other countries for emergency meeting. ow.ly/Y3G6k – February 8, 2016

2 workers were killed & 8 were injured due to fire broke out on Pemex oil processing platform in the Gulf of Mexico. ow.ly/Y3FYh – February 8, 2016

For 40 years, oil industry was Mexico's cornerstone. Today the country no longer depends on it as oil prices have plummeted. ow.ly/Y3Ft0 – February 8, 2016

Pemex's Ethics & Corporate Integrity Program seeks change in attitudes, behavior, performance & values of workers. ow.ly/XYgIe – February 5, 2016

Banxico: falling oil prices & risks for Mexican economy to require adjustments in public finances, including Pemex. ow.ly/XYgy8 – February 5, 2016

Obama to propose a fee of US$ 10 for each barrel of oil produced, to boost research and transport of clean energy. ow.ly/XYfFG  – February 5, 2016

Scotiabank: Mexican economy will grow 2.5% in 2016, 672M new jobs to be created, although volatility to continue. ow.ly/XYfnF – February 5, 2016

Mexican government secured 2016 budget. Unlikely additional cut, but may occur 2017, if oil price remains at US$23. ow.ly/XW5x4February 4, 2016

Pemex drilling, only means to extract & find oil, decreased 50% in 2015, due to low oil prices. 278 wells last year. ow.ly/XWyTy – February 4, 2016

Jan/16, Pemex contribution to Bank of Mexico Reserve was negative. In 2015 contributed US$2.8Bn, lowest in 19 years. ow.ly/XW6Gc – February 4, 2016

Sign of the times: PDVSA buys crude from the US. OK from own subsidiary Citgo but still news ow.ly/XVXRB – February 4, 2016

Turner Manson: Mexico should invest more in refining oil and labor in this sector to be a competitive country. ow.ly/XSnc9 – February 3, 2016

AMIPE & suppliers celebrate Pemex capitalization, Good sign to continue energy reform & national industry leverage. ow.ly/XSn11 – February 3, 2016

Pemex facing 70% revenues fall due to low oil prices & short-term debt to pay in the next 12 months for US$11,700Mm. ow.ly/XSmR1 – February 3, 2016

IDB offers at US$2,500Mm for sustainable development projects. It has supported Mexico's electrical interconnection. ow.ly/XSmzSFebruary 3, 2016

Electricity reform: gas pipeline investment & combined cycle plants to improve interconnections & avoid net leaks. ow.ly/XOP7IFebruary 2, 2016

Oxford Economics: Mexico one of 11 oil producers vulnerable to extreme oil prices fall along with Colombia, Iran. ow.ly/XOOiO – February 2, 2016

Mexicos's oil revenues fell 33% & fiscal deficit increased by 15%. Mexico to cut 25,000 pub jobs due to oil crisis. ow.ly/XON0T – February 2, 2016

Pemex purchased Fertinal Group. To add in 3 years 1.2 Mm tons of solid fertilizers to the company production. ow.ly/XOLUU – February 2, 2016

Banxico must increase interest rate to lower expensive dollar. 3 choices: cut spending, raise taxes or increase debt ow.ly/XM47w – February 1, 2016

Cuetzalan defeats fracking. Pemex can't drill its territory, hydrocarbons E&P & other minerals mining prohibited. ow.ly/XM3vk – February 1, 2016

Mexico's growth due to export activities. Sluggish US economy will reduce export capacity, thus main growth driver. ow.ly/XM3ca – February 1, 2016

SHCP: Mexican Petroleum Fund Technical Committee meeting for Stabilization and Development aproved 4Q15 report. ow.ly/XM2f6 – January 29, 2016

Surprise! Mexican government backs and supports Pemex as a key asset of public finances and of the Mexican economy. ow.ly/XEF8X – January 29, 2016

CNH allow Pemex to drill the Koban 1 exploration well. Pemex to extract extra-light crude, the highest market value. ow.ly/XEEkR – January 29, 2016

Saudi Arabia proposed 5% oil production each country aiming stabilization of oil prices. Russia & OPEC to approach. ow.ly/XEBZL – January 29, 2016

IEA forecasting oil supply to exceed demand by 1.5 Mmbpd in 1H15. Oil market to drown in oversupply unless changes. ow.ly/XDEDF – January 28, 2016

Oil prices affects Mexico's trade balance. Trade deficit quintupled last year. Total exports fell 4.1%, oil's 45%. ow.ly/XClX9 – January 28, 2016

Pemex seeks alliances under 4 schemes: producers’ partnerships, service contracts, assets monetization & 3rd parties. ow.ly/XClbl – January 28, 2016

Mexico to inject capital to Pemex & allow debt to increase if there is plan to ensure sustainability & profitability ow.ly/XBXcr – January 28, 2016

ECLAC: falling oil prices to hit energy reform. Chevron, Shell and Total interested in participate in Round One. ow.ly/Xz5ZH – January 27, 2016

Low oil prices should lead Mexico to implement strategy for Pemex reengineering to overcome difficult situation. ow.ly/XyZIV – January 27, 2016

Pemex providers accept agreement to ask credit for project cost. Pemex to pay within a max period of 180 days.. ow.ly/Xy53T – January 27, 2016

Pemex pipeline explodes due to theft of hydrocarbons, at least 200 people of Barrio de la Cruz were evacuated. ow.ly/Xyfjl – January 26, 2016

Pemex owes US$2.7 bn to its suppliers, companies seeking to benefit from support programs in development banks. ow.ly/Xy7E7 – January 26, 2016

Sener estimated 4th phase of Round One investments in US$44 bn, 10 deepwater and ultra deep areas to be tender 3Q16. ow.ly/XwKJc – January 26, 2016

Gran Tierra considers Mexico as key point of investment plan, much potential, undeveloped basins, infrastructure. ow.ly/XwKrv – January 26, 2016

IMF: Markets exaggerating Mexico´s dependence on oil prices, overreaction in the value of its currency. ow.ly/XwJlc – January 26, 2016

Pemex reported fire in engine room of the Zaap E platform the Campeche Sound. Immediat internal emergency response. ow.ly/XwJbG – January 25, 2016

Moody's placed many O&G companies under review, including Pemex, for downgrade and warned of a "substantial risk". ow.ly/Xv58N – January 25, 2016

Saudi Arabia, leader of pumping crude above demand strategy to sink prices, believes oil price will rise this year. ow.ly/Xq8Y8 – January 25, 2016

Mexican peso to recover its true value, oil prices won't stop energy reform. Peso is undervalued against the dollar. ow.ly/Xq8nG – January 25, 2016

FMI: Markets exaggerating Mexico's dependence on oil prices leading to an overreaction in the value of its currency. ow.ly/Xq3bi – January 22, 2016

Oil industry suppliers of products & services to establish national and international business at Pecom Expo. ow.ly/Xp9iE – January 22, 2016

The World Bank Director for Mexico considered that Mexican economy outlook remains "positive & good" growth in 2016. ow.ly/XnZBz – January 22, 2016

With oil price below US$28, producers and banks in serious problems, due to debt to produce & unfeasible production. ow.ly/XnYWC – January 22, 2016

Mexican oil at lowest price in 13 years, US$18.90, US$4.1 lower than production cost. Pemex prepared for the worst. ow.ly/XnYCi – January 21, 2016

Pemex announced in 2015, strategy to discourage oil theft. A year after and with higher penalties they have failed. ow.ly/XlhNI – January 21, 2016

Oil prices drop has driven services (drilling and exploration) have fallen between 30% & 40% to stay competitive. ow.ly/Xlgyc – January 21, 2016

IMEF: Mexico has strengths to face international volatility, this year will contribute 85% of Latin American growth. ow.ly/XleKx – January 21, 2016

Pemex fined for disobeying the antitrust regulator's request to suspend transportation contracts with gas stations. ow.ly/XldR0 – January 20, 2016

Pemex signed two agreements with companies Mubadala Petroleum and ADNOC, UAE, to explore business opportunities. ow.ly/XikEh – January 20, 2016

IEA: unusually warm weather & oil supply increased, until end of 2016, could lead to prices lower than 12year ago. ow.ly/Xik3q – January 20, 2016

Pemex CEO: oil extraction still "a profitable business" for the country, and production levels will remain stable. ow.ly/XiinQ – January 20, 2016

IMF reduced Gross Domestic Product forecast from 2.8% to 2.6% expected this year and 2.9% for 2017 forecast. ow.ly/XijD9 – January 19, 2016

President of Mexico: The world must replace fossil fuels for clean energy due to devastating global warming effects. ow.ly/XfjAm – January 19, 2016

No more International sanctions against Iran, to try to quickly raise oil exports in an already oversupplied market. ow.ly/Xf9JD – January 19, 2016

Pemex budget cuts affect investment pace in oil fields, onshore and offshore, including Ku-Maloob-Zaap & Cantarell. ow.ly/Xf8Ep – January 18, 2016

Saudi Arabia & Mexico signed cooperation agreements, among others to discuss the energy sector and double taxation. ow.ly/XczwK – January 18, 2016

Anticipating projects adjustments due to low oil prices, Pemex has reduced E&P activity & productivity of each drill ow.ly/Xczpk – January 18, 2016

Mexico's president began state visits tour to 4 oil-producing countries of Arabian peninsula seeking investments. ow.ly/Xcz8a – January 18, 2016

LatinFinance awarded Pemex best corporate issuer for innovation strategy, diversity & funding operating opportunity. ow.ly/XcyCS – January 15, 2016

Mexico & Cuba studying project to send CNG to the island, to cover needs generated with expected industrial growth. ow.ly/X5voA – January 15, 2016

Mexican government to issue additional debt equivalent to 2.7% of GDP this year, to pay bonds worth 5.9%. ow.ly/X5uQ5 – January 15, 2016

Federal Reserve: Oil prices decline to complicate inflation expectations measurements. Constant decline is worrying. ow.ly/X4MHW – January 14, 2016

CNH unanimously approved resolution authorizing Pemex to drill exploratory wells Basto Mil Uno y Nobilis Uno. ow.ly/X2V7l – January 14, 2016

Pemex: activities are profitable due to worldwide lower production costs, US$ 7 offshore fields & US$12 onshore. ow.ly/X2Uxt – January 14, 2016

Former energy secretary: "Mexico has lived with relatively low oil prices, US$20, and O&G activity was profitable". ow.ly/X2U0G – January 14, 2016

Sputnik Novosti: Low oil prices impact of have been dampened by Mexico, with an economy less oil dependent ow.ly/X2TwP – January 13, 2016

Sener: complex situation, deepest drop in oil price. No plan to reduce production, efforts have been to increase it. ow.ly/WYqd2 – January 13, 2016

Pemex with approval of its Board of Directors to cut budget by US$ 4Bn, including dismissal of 13,000 workers. ow.ly/WYon6 – January 13, 2016

78.35% oil prices cumulative decline, from US$101.9 in 2012 to US$22.07. Mexican oil located US$4.12 below E&P cost. ow.ly/WYngu – January 13, 2016

US government: Oil superabundance to continue until 3Q17, steady demand growth to help soften crude excess by 3Q17. ow.ly/WYlG5 – January 12, 2016

Mexican oil at US$22.07 per barrel due to new oil prices collapse, 5.3%, lowest level in 12 years. ow.ly/WXlF3 – January 12, 2016

World Bank states that Mexico's GDP will grow 3% by 2017. Estimate growth will offset weakness in southern Europe. ow.ly/WVLwA – January 12, 2016

Pemex seeks to recover 800MMbbl of oil over the next 11 years by signing a contract with Cantarell Nitrogen Company. ow.ly/WVLdV – January 12, 2016

OECD: Mexico to work for further oil dependence decrease. It's necessary to diversify sources of government revenue. ow.ly/WVKFu – January 12, 2016

Mexico´s President: country is prepared to face economic plight, oil prices drop, financial volatility & slow growth ow.ly/WVKiZ – January 12, 2016

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