Petroleos Mexicanos’s plans last year included joint ventures and higher oil production. For 2016, that’s turned into job cuts and asset sales as it tries to weather the worst downturn Continue Reading
Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient. The state-owned oil producer is set to announce job cuts for next year as part Continue Reading
Mexico’s onshore oil and gas bidding round beat initial expectations as the nation’s government seeks to grow the diversity of players in Mexico’s oil and gas industry. Mexico’s onshore oil Continue Reading
On the heels on this week’s successful auction of 25 onshore blocks with modest oil and gas resources, Mexico’s Energy Ministry on Wednesday announced plans for a highly anticipated tender Continue Reading
The opening of Mexico’s oil industry is warming up after a slow start. Mexico awarded all of its 25 onshore fields auctioned Tuesday, defying the six-year low in crude prices Continue Reading
After being forced to stand on the sidelines for eight decades due to state control of the oil industry, private Mexican oil and gas firms came roaring back Tuesday by Continue Reading
Getting paid has always been hard for government contractors in Mexico, but seldom has the problem been so bad, as low oil prices are battering government finances. Analysts and officials Continue Reading
The opening of Petroleos Mexicanos’s first-ever gasoline station in Houston featured several cultural reminders of the company’s origins. There were mariachis dressed in traditional Charro suits, trumpet-heavy Mexican music and, Continue Reading
In September 2015, monthly U.S. crude oil imports from Mexico totaled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January Continue Reading
Mexico is not willing to cut its crude production as part of any coordinated action by OPEC and non-OPEC producers, a Mexican energy ministry source said Thursday. “The ministry has Continue Reading
