An alliance of opposition parties in Mexico is threatening a proposal for greater state control of the electricity market, saying on Monday it would vote against President Andres Manuel Lopez Continue Reading
Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading
Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms Continue Reading
The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López Obrador may Continue Reading
The facility is crucial to Pemex’s plans to halt crude oil exports in 2023. Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is Continue Reading
Mexico’s Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government’s target of refining all Continue Reading
Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production. Petroleos Mexicanos, the Mexican state-owned producer Continue Reading
Mexico could further ease the fiscal burden on its state oil firm Pemex, the world’s most indebted oil company, as the government looks to stop years of production declines. “With Continue Reading
A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said Continue Reading
Mexico is in the process of locking in its income from next year’s oil production, people familiar with the matter said, in what’s one of the most closely watched deals Continue Reading
Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading
Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading
Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading
One of Mexico’s largest oil refineries has been shuttered for weeks—only we are just now finding out about it. And oil products are now building up at the site. Mexico’s Continue Reading
Mexico’s second-largest refinery remains halted since late September due to protests by teachers that are blocking roads used by state-run Petroleos Mexicanos(Pemex) to transport the facility’s output for domestic consumption Continue Reading
Mexico cut its forecast for oil production at Petroleos Mexicanos next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state Continue Reading
Mexican oil is taking hit after hit this year. First, a deadly fire led to disruptions in production and then output was once again hindered by the anticipation of hurricane Continue Reading
The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking Continue Reading
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people, but the pace of output recovery could be slower Continue Reading
Mexico expects an average price of $60 per barrel for its crude oil exports, as well as an average crude production of 1.9 million barrels per day (bpd) for 2022, Continue Reading
Pemex Chief Executive Officer Octavio Romero gestures in a news conference after Sunday’s fire on an offshore platform in the southern Gulf of Mexico, at the headquarters of state-owned oil Continue Reading
A deadly weekend fire at on an offshore platform in the southern Gulf of Mexico operated by Mexican state oil firm Petroleos Mexicanos (Pemex) could have been caused by a Continue Reading
PEMEX reported Monday that five people have died, six have been injured and two are missing following a fire in the Ku-A Processing Center at the E-Ku-A2 compression and electricity Continue Reading
A fire that struck an offshore oil platform operated by Mexico’s state-run Pemex cut the company’s production by 444,000 barrels per day (bpd) due to the lack of natural gas Continue Reading
A fire at an offshore oil platform operated by Mexican state oil company Pemex has left five people dead and slashed the country’s oil output by almost a quarter.About 420,000 Continue Reading
Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash Continue Reading
Incidents of piracy in the Mexican waters in the Gulf of Mexico have led to calls to Mexico’s Navy to increase its presence in the area where pirate attacks on Continue Reading
Highlights Independent E&P companies increased crude oil output to 70,000 b/d in June Three largest producers responsible for 50,000 b/d Pemex struggling to meet own goals Mexico City — Crude Continue Reading
Mexican President Andres Manuel Lopez Obrador said on Wednesday that his government will create a new business within the state oil company Petroleos Mexicanos (PEMX.UL) to distribute liquefied petroleum gas Continue Reading
The Mexican government launched a quest against foreign oil companies operating in the country pretty much from day one in office. First, it suspended new oil and gas auctions and Continue Reading
Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a Continue Reading
Lukoil sees Mexico as a strategic region for international upstream development Project contains two oil fields with reserves estimated at 564 million boe Lukoil already involved in blocks 10, 12, Continue Reading
Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico’s national oil company has declared that environmental Continue Reading
Mexico’s government designated state oil company Petróleos Mexicanos as the operator of a large offshore oil reservoir it shares with a consortium led by Houston-based Talos Energy Inc., which has already invested heavily Continue Reading
Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States. An article about the development last week garnered Continue Reading
Russian authorities have been having so many problems producing second doses of their Sputnik V coronavirus vaccine that Russia probably will be unable to supply enough to people who already Continue Reading
A Mexican court has issued an injunction against new legislation that sought to change the rules of competition on the country’s fuel market, The Associated Press reports . The legislation, Continue Reading
Petroleos Mexicanos is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales. While Pemex has long Continue Reading
The mystery surfaced early in the pandemic. Hospitals were jammed with coronavirus victims, but the official death count in Mexico City appeared suspiciously low. Sitting at her dining-room table one afternoon, Laurianne Despeghel, Continue Reading
A study suggests that as many as one-third of Mexicans may have been exposed to the coronavirus by the end of last year. Coronavirus antibodies were found in 33.5% of Continue Reading
Crude oil projects involving private companies in Mexico could bring an additional 704,000 bpd to total national oil production by 2030, BNAmericas has reported , citing a commissioner from Mexico’s Continue Reading
Pfizer Inc’s shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots Continue Reading
Cross-border flows approach record 7 Bcf/d in April Mexico modeled power burn hits record 4.6 Bcf/d US gas exports to Mexico could hit record highs over the next two weeks, Continue Reading
The lower house of the Mexican parliament has passed a controversial bill that will give state-owned oil major Pemex more sway over the Mexican fuel market. Bloomberg reports that the Continue Reading
Repairs at Mexico’s Minatitlan 285,000 b/d plant after an April 7 could keep the plant offline for 90 days, Pemex said in a statement. Receive daily email alerts, subscriber notes Continue Reading
Petroleos Mexicanos expects its gasoline sales won’t fully recover to pre-pandemic levels this year as lockdown measures hurt demand and competitors win market share. While the state-owned company’s gasoline sales are Continue Reading
A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters Continue Reading
Mexican President Andrés Manuel López Obrador is using the Texas Freeze to cut the country’s dependence on U.S. gas imports and to garner support for rolling back the energy sector’s Continue Reading
Mexico’s Pemex is considering letting U.S.-based Talos Energy lead the development of the Zama oil field, Reuters reported , citing the state oil company’s chief executive. Talos Energy, leading a Continue Reading
