Tag: Pemex

• Wednesday, January 23rd 2019 - 08:56 UTC

  Mexican fuel pipeline explosion death toll climbs to 91, and could increase

  

  The death toll from a fuel pipeline explosion in central Mexico last week rose to 91 as Pemex defended its response to one of the deadliest incidents to hit the state-run oil company in years.

• Sunday, December 16th 2018 - 15:39 UTC

  AMLO announces plan to reshape Mexico's oil production

  

  Mexican President Andrés Manuel López Obrador, commonly referred to by his acronym as AMLO, Saturday launched the National Plan for the Production of Hydrocarbons in a move to strengthen the country's oil industry.

• Thursday, December 6th 2018 - 08:28 UTC

  Mexican president pressing foreign oil companies to show results

  

  Mexico’s newly inaugurated president Andres Manuel Lopez Obrador, AMLO, is turning up the heat on foreign oil companies to show results before he holds new auctions.

• Monday, June 11th 2018 - 08:20 UTC

  Mexico's future closely linked to oil development no matter who's the next president

  

  Mexican oil output could return to 2 million barrels per day by about 2022 if the next government pursues plans to auction off development blocs to private investors, Energy Minister Pedro Joaquin Coldwell announced. Mexico will elect a new president on July 1 but the front-runner in opinion polls, leftist Andres Manuel Lopez Obrador, has threatened to delay opening up the energy sector to private investment.

• Wednesday, February 28th 2018 - 09:20 UTC

  Pemex loss of US$ 18bn in fourth quarter; blames weaker Peso and declining oil fields

  

  Mexican state-owned oil company Pemex reported a nearly US$18 billion fourth-quarter loss on Monday after both crude output and processing slid, though the company said refining levels should rebound as major maintenance plans are completed. The company posted a 352.3bn (US$17.9bn) peso loss for the last quarter of 2017, blaming a weaker peso exchange rate and higher financing costs for its performance, according to a filing with the Mexican stock exchange.

• Tuesday, January 30th 2018 - 10:00 UTC

  Petrobras to join the Oil and Gas Climate Initiative

  

  The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

• Tuesday, December 12th 2017 - 10:47 UTC

  Mexico and Brazil compete for investors in deepwater projects

  

  Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected.

• Wednesday, November 8th 2017 - 05:06 UTC

  Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

  

  Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.

• Wednesday, May 13th 2015 - 08:29 UTC

  Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

  

  Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.

• Monday, April 6th 2015 - 16:43 UTC

  Mexican oil production drops following deadly fire on offshore rig

  

  Mexico's oil production dropped following a deadly fire at an offshore platform, while authorities are still searching for three missing workers, state-run energy firm Pemex said.