Consolidation of Nuvoil Business Group

On February 23rd, 2021 the 8th Annual Meeting called “Consolidation of Nuvoil Business Group” was held.

As a consequence of Covid-19 global pandemics, the group has implemented several measures to prevent the spread of the virus. Therefore, the general management decided to hold an annual general meeting that will be virtual for all participants (with no exceptions).

These measures are being taken to safeguard the health and safety of all the attendees and to ensure compliance with the applicable national and local restrictions and standards.

The transparency exercise, which is the basis of the annual meeting, was marked this year by the unprecedented global crisis caused by Covid-19, before which Nuvoil Group prioritized its work as an essential service, maintaining the operation of the projects it runs and ensuring the provision of its services; at the same time, the supporting areas have performed their functions in the home office modality since March 2020 to this day.

In this framework, each director of the companies of the group presented the 2020 results and the planning for the year 2021.

“Covid-19 pandemics created an unprecedented world crisis, which produced a turning point in the energy sector due to the fall in hydrocarbon prices. Additionally, the commitment of the company for the digitalization and its comprehensive management system let it react rapidly so that its collaborators, whose duties can be performed remotely, had the appropriate means to telecommute. In this extraordinary context, Nuvoil prioritized the continuity of its activity, proving its soundness and reaffirming once again that we are a Mexican company which offers services to create the energy required by the Mexican Society, said José Edel Álvarez Delong, director general of Nuvoil Business Group.

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