Oil Imports From Mexico Soar After Hurricane Season
U.S. imports of Mexican crude last month climbed above 800,000 bpd for the first time since November 2014. This is the result of a number of factors, but in large Continue Reading
Mexico Blames Brazil For Failing Auction
The state-run oil company PEMEX blamed the failure of a recent deep-water Gulf of Mexico auction in the on competition from ongoing tenders in Brazil, according to a new report Continue Reading
Chevron to study Mexican oil block, no drilling seen in first four years
U.S. oil major Chevron Corp will focus on studying the geology of its block in Mexico’s deepwater Gulf during the first four-year phase of its contract, rather than drilling new Continue Reading
Crude oil output, exports at Mexico’s Pemex rise in October
Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said on Friday.Crude output rose by 9.9 percent from the Continue Reading
Global Majors Eyeing Mexico’s Deep Waters
As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led by Exxon Mobil Corp and Continue Reading
Pemex Chief Hopes Recent Oil Find Makes It More Attractive for Joint Ventures
Mexican state oil giant Petróleos Mexicanos hopes that a recent major oil discovery will make it a more attractive partner as it considers whether to expand a program of joint Continue Reading
Pemex makes Mexico’s biggest onshore oil find in 15 years: president
Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Continue Reading
Threats to NAFTA cast doubt over Mexico’s oil tenders, investment
Uncertainty about the fate of the North American Free Trade Agreement (NAFTA) and investor protections it guarantees could crimp future investment in Mexico’s oil industry, including a high-stakes January deepwater Continue Reading
Mexico spent about $1.26 billion on 2018 oil hedges: official
Mexico spent some 24.1 billion pesos ($1.26 billion) on contracts to hedge its 2018 oil exports, Finance Ministry Chief Economist Luis Madrazo said on Tuesday, part of government’s efforts to Continue Reading
Mexico’s Pemex posts $5.6 billion loss in quarter on lower output
Mexico’s Pemex reported a narrower loss in the third quarter on Friday, but results for the state-run oil company were weighed down by a sharp slump in crude output. The quarterly Continue Reading