Mexico’s finance ministry announced a series of measures to improve national oil company Pemex’s ailing finances, giving $4.2b liquidity boost. As Reuters reported, that includes a capital injection and a ...
The Mexican oil regulator informed that a new estimate of country’s proven oil and gas reserves that have an over 90% chance of being extracted with the existing technology have dropped in 2015, with crude oil r...
Pemex, Mexico’s state oil company, is hoping that an infusion of capital from private equity firms and other foreign investors will help it stave off a pressing liquidity crunch, Platts reported. Pemex, which is going...
A fire that broke out on a Pemex offshore Abkatun A Permanente processing platform in Mexico’s oil-rich Bay of Campeche killed three workers and injured at least seven more, Reuters reported. One of the dead wor...
Mexico saw prices of its crude fall to $24.47 a barrel in February. The country is also facing a severe oil pipeline theft problem, Business Insider reported. The Mexican oil industry is suffering from increasing thef...
Mexican regulators announced that they would continue easing the pace of oil auctions on deepwater and shale production for private investors – in line with the country’s controversial energy reform –...
Mexico’s crude exports to the US dropped to their lowest level in 25 years in September, as the Latin American nation seeks other buyers in response to reduced demand from US refiners, reports Bloomberg. Mexico&...
Petróleos Mexicanos, commonly known as Pemex, is unlikely to meet production goals for this year, The Wall Street Journal reported. The company has faced major obstacles over the past year as the Mexican government op...
Petroleos Mexicanos seems to have misplaced 2.7 million barrels of oil. Since a deadly blast on April 1 tore through one of its offshore platforms, the state oil giant has baffled industry analysts with its assessment...
Mexico’s state-run oil and gas company Pemex has announced the discovery of new shallow water oil fields in four locations in the Gulf of Mexico. The oil fields are located near the Cantarell oil field and Pemex...