Pemex sees oil output boost from looming joint ventures
Mexican state oil company Pemex expects to boost crude output over the next few years with a handful of joint ventures that will focus on onshore and offshore fields, a Continue Reading
Pemex oil refinery could be forced to close due to ongoing protests
Mexico’s national oil company Pemex said on Friday it may be forced to shut its largest refinery in the next few days if ongoing protests in the southern state of Continue Reading
Pemex to speed up overhaul to beat falling oil output
Mexico’s national oil company plans a wave of new asset sales and production partnerships to navigate through the oil price downturn and stabilize soaring debt and falling production levels, its Continue Reading
Haze Returns to Mexico City, Where Not Driving Is Hardly an Option
Back in the late 1980s, the air got so dirty in Mexico City that birds would emit a final chirp before they tumbled from the trees onto the sidewalk, their Continue Reading
Statoil May Consider Pemex Partnerships in Deep Waters, VP Says
Statoil ASA may seek to partner with Petroleos Mexicanos in Mexico’s deepwater fields as the producer looks to gain a foothold in the country’s recently opened energy market. “We see Continue Reading
Mexico gets first non-Pemex gas station in almost 8 decades
For the first time in nearly eight decades, the ubiquitous Pemex gas stations have competition along Mexico’s highways and city streets. Two companies have opened three gas stations under their Continue Reading
New diesel quality rules will challenge Mexico’s Pemex
Mexican state oil giant Pemex has until 2018 to meet new fuel quality standards that will affect 40 percent of its diesel production that does not yet comply, the energy Continue Reading
Exxon, Total, Chevron in Talks With Pemex on Gulf Prospects
Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total SA and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Continue Reading
Winners of Mexico blocks expect to drill initial wells within a year
The winners of acreage from the first three bidding rounds in Mexico last year are moving ahead on plans to develop oil from the country’s major energy reforms, with the Continue Reading
Pemex Posts 14th Straight Loss as Spending Cuts Crimp Output
Petroleos Mexicanos posted a loss for the 14th consecutive quarter as massive spending cuts diminish the state oil producer’s ability to arrest years of declining production. The first-quarter loss narrowed Continue Reading