U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. refiners that use Mexican oil by boosting prices, and raising concerns about Continue Reading
Mexican investigators have filed charges with federal prosecutors against the former head of state-run oil company Petróleos Mexicanos in connection with a corruption probe, officials said on Monday. The case Continue Reading
Highlights Pemex expects to add 320,000 b/d from 20 new fields by end of 2021 Company aims to develop 20-40 new fields every year Program to have a major focus Continue Reading
The enormous debt of Mexico’s state oil firm Pemex has not increased since the new administration took office in December 2018, and will not increase in the future, Mexican President Continue Reading
Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes on foreign investment to give the public a bigger Continue Reading
The Mexican government has approved a fiscal stimulus measure that could see Pemex raise oil production by as much as 400,000 bpd, S&P Global Platts reports , quoting the country’s Continue Reading
Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. Petroleos Mexicanos Continue Reading
Mexico’s newest oil refinery project is set to exceed the planned budget—and in a big way—according to Moody’s cited by Reuters. The massive undertaking—by Mexico itself, no less—will most likely Continue Reading
President Andrés Manuel López Obrador said state oil company Petróleos Mexicanos would build an oil refinery after bids by private companies came in above his government’s $8 billion budget. The Continue Reading
Mexico’s government is notching some successes in its battle against the country’s fuel thieves, dealing a blow to organized crime and restoring lost revenues to financially troubled state-run oil company Continue Reading
