Mexico plans to cut spending next year in order to meet its zero deficit target as manufacturing exports slowed and lower oil prices weighed on revenue. After slashing 2016 spending Continue Reading
An employee walks at Pemex refinery in Salamanca, Guanajuato state. Mexico’s proven oil reserves fell… MEXICO CITY–Mexico’s proven oil and gas reserves fell sharply last year as oil prices dropped Continue Reading
For the past eight decades, Mexican drivers have had only one choice of filling stations: state oil firm Petróleos Mexicanos. But that is going to change in coming months as Continue Reading
A view of Mexico’s national oil company Pemex’s refinery in Salamanca, in Guanajuato state, Mexico, February 8, 2016. Picture taken, February 8, 2016. Mexican state-run oil company Pemex expects to Continue Reading
Oil companies operating in Mexico’s deep waters must use national suppliers for 8 percent of the projects by 2025, the government said on Tuesday, a relatively low rate meant to Continue Reading
Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from U.S. drillers eyeing expansion south of the Continue Reading
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom. Cotemar, one of Mexico’s largest oil service providers, will lay Continue Reading
Petroleos Mexicanos’s financial woes continue to mount as the country’s biggest company reported a 168.9 billion pesos ($9.3 billion) loss in the fourth quarter and laid out plans for deep Continue Reading
Mexico’s state oil company Petróleos Mexicanos, reeling from the drop in world oil prices, will cut 100 billion pesos ($5.5 billion) from its budget this year by deferring investments and Continue Reading
Mexico’s state-owned oil company is taking deepwater development off its plate for now. Driven to rip $5.5 billion out of its budget this year to cope with a lengthening market Continue Reading
