Pemex, Mexico’s debt-burdened state oil producer, has reported a fourth consecutive quarterly loss but lauded a slight increase in crude output as a hopeful sign for the strained finances of the Continue Reading
The audio recordings are part of the evidence in a lawsuit filed last year against the Mexican government by a Mexican oil-field drilling company called Oro Negro. The company claims Continue Reading
Every couple of minutes, a large truck splattered with mud rumbles through the gate to what was once an expanse of mangroves. After recent rains, a lake has formed where Continue Reading
Pirate activity in the Gulf of Mexico is on the rise and so is oil theft from platforms operating in the area, Fox News reports , with losses for Pemex Continue Reading
Pemex is reportedly seeking a way to take over an offshore oil exploration project in the Gulf of Mexico that is currently developed jointly by the Mexican major and U.S. Continue Reading
When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the Continue Reading
Mexico’s new government came into power with promises to turn around the country’s oil industry and boost production after, it said, the previous government failed. Despite these promises and the Continue Reading
Mexico’s controversial Dos Bocas oil refinery project will indeed be built despite investor criticism, Mexican Energy Minister Rocio Nahle said during a radio broadcast on Thursday, reported by Reuters . Continue Reading
Pemex has failed to convince ratings agency Moody’s Investor Services with its newly unveiled business plan, an analyst for the Mexican state oil company said on Wednesday, adding that the Continue Reading
President Andrés Manuel López Obrador presented the Business Plan of Petróleos Mexicanos (Pemex) this morning for 2019-2023, stating that the Plan he is supporting he has acted in Pemex’s best Continue Reading
