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PEMEX Achieved MX$106 Billion in Profits in 4Q23
By Perla Velasco - Mon, 03/04/2024 - 10:26
PEMEX closed 4Q23 with significant profits despite debt challenges.
https://mexicobusiness.news/tag/duc
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Mexico Did Not Make Use of Its Oil Hedge in 2023
By Perla Velasco - Thu, 02/01/2024 - 10:52
Mexico did not activate its oil hedge in 2023, citing an alignment of oil prices with expectations throughout the year.
Lower Oil Revenue for Mexico in 2023, PEMEX Covered for 2024
By Perla Velasco - Thu, 02/01/2024 - 08:59
Oil revenue in 2023 stood below projections, and the NOC’s debt for 2024 is covered, reports the Treasury.
PEMEX Receives Fiscal Relief of MX$200 Billion
By Karin Dilge - Wed, 01/31/2024 - 04:40
The Ministry of Finance has proposed two support mechanisms for PEMEX, totaling MX$200 billion, to support the NOC with its debt commitments.
PEMEX Reports on Finances, Debt
By Perla Velasco - Tue, 01/16/2024 - 12:03
PEMEX debt decreased by 22.5%. Octavio Romero presented comparative data with respect to past administrations.
Mexico to Reach Energy Self-Sufficiency in 2025
By Perla Velasco - Wed, 01/10/2024 - 09:23
PEMEX CEO reported on the NOC’s operations in 2023 and discussed its outlook toward 2025.
Shell Drops Deepwater Contract: The Week in Oil and Gas
By Perla Velasco - Thu, 11/23/2023 - 09:24
Shell has relinquished a deepwater contract in favor of PEMEX. This and more in this week’s roundup!
PEMEX Pays DUC in October
By Perla Velasco - Thu, 11/16/2023 - 11:44
The FMP saw a sustained decrease in financial contributions from private operators. Meanwhile, PEMEX made significant payments in October.
Government Fights Illicit Fuels
By Perla Velasco - Thu, 10/26/2023 - 10:16
The government has taken measures to combat illicit fuel, while CRE has strengthened its regulatory capacity.
PEMEX’s Shared Profit Right Tax Contracts to 30%
By Perla Velasco - Fri, 10/20/2023 - 16:03
The Chamber of Deputies approved the 2024 Federal Revenue Law, introducing various adjustments including a reduction of PEMEX’s tax burden.