Top Senator: Mexico Lawmakers Poised To Debate Energy Reform
Wednesday, December 04, 2013 Mexican lawmakers are poised to send a landmark energy bill to Senate committees to start debate on a cornerstone of President Enrique Pena Nieto's economic reform drive.
Spain's Repsol Says Board Backs Preliminary YPF Deal
Thursday, November 28, 2013 The board of Spain's Repsol unanimously agrees to start formal talks with Argentina over a compensation offer for assets Buenos Aires seized last year that could end an 18-month standoff between the two countries.
Pemex Renews Contracts with COSL for Module Rigs COSL1, COSL2
Thursday, November 28, 2013 China Oilfield Services Limited has renewed contracts for module rigs, COSL1 and COSL2, with Pemex at higher day rates.
Spain's Repsol Has Initial Deal With Argentina On YPF
Monday, November 25, 2013 Repsol and Argentina reach a preliminary deal for the Spanish oil major to get paid for the 51 percent stake in YPF.
Spokesman: Mexico's Slim Not Looking at Repsol Stake
Tuesday, November 19, 2013 Pemex wants billionaire Carlos Slim to buy 10 percent of Repsol and join it in a new investor alliance in the Spanish oil major.
KBR: Foreign Investors May Balk at Pemex's Sovereign Status
Friday, November 15, 2013 An ongoing legal dispute between KBR and Pemex units serves as a warning for any foreign company doing business in Mexico, contends a top attorney with KBR.
Lawmakers: Mexico Oil Reform Could Go Beyond Profit-Sharing Contracts
Wednesday, November 06, 2013 Mexico could offer oil companies incentives that go beyond planned profit-sharing contracts when Congress passes the government's energy reform, two senior officials from the ruling Institutional Revolutionary Party (PRI) said.
Mexico to Keep Pumping Pemex for Tax Money Despite Promised Reforms
Wednesday, October 30, 2013 Saddled with a tax rate of almost 100%, Pemex hands over so much cash to the government that it has only a fraction of the money it needs to invest in production and exploration.
Mexico Evacuates 4,500 for Gasoline Pipeline Leak
Wednesday, October 30, 2013 A geyser of gasoline spewing from a state-owned pipeline in western Mexico forced officials to evacuate about 4,500 people. Officials blamed the accident on fuel thieves.
Mexico's Pemex Inks $2B Credit Line Deal with Korea Eximbank
Wednesday, October 16, 2013 Pemex signs a memorandum of understanding with Korea Eximbank to open a $2 billion credit line for financing a range of projects.
Reform Seeks to Lower Pemex Tax While Raising Other Sectors
Friday, October 11, 2013 Mexico's recently proposed tax reform for 2014 would gradually lower government taxes on PEMEX while raising tax revenues from other sources.
Keppel O&M, Pemex's Units to Develop, Own, Operate a Yard in Mexico
Monday, October 07, 2013 Keppel Offshore & Marine inks memorandum of understanding with Petroleos Mexicanos' units to develop, own and operate a yard facility in Mexico.
Reformed Mexico Energy Sector Could Be in Place by Early 2014
Monday, September 23, 2013 The proposed reform of Mexico's energy sector could be approved late this year or in early 2014, according to a panel of industry experts.
Two Major Storms Lash Mexico, 41 Dead Amid 'Historic' Floods
Tuesday, September 17, 2013 Two powerful storms pummel Mexico as they converged from the Pacific and the Gulf on Monday, killing at least 41 people and forcing the evacuation of tens of thousands amid some of the worst flooding in decades.
Hurricane Ingrid, Tropical Depression Drench Mexico, Kill 21
Monday, September 16, 2013 Hurricane Ingrid and tropical depression Manuel bring heavy rains to Mexico's Gulf and Pacific coasts on Sunday, causing flooding and landslides, killing 21 people and forcing some towns to cancel national Independence Day celebrations.
Mexico Sees Pemex Profits $7 to $9B/Yr from 2015 Under New Tax Scheme
Friday, September 13, 2013 Pemex will obtain profits of between $7 and $9B a year from 2015 if a new tax structure the government has proposed for the oil major is approved as presented, Finance Minister Luis Videgaray says.
Storm Ingrid Forms in Gulf of Mexico, Pemex Unaffected
Friday, September 13, 2013 Tropical Storm Ingrid, the ninth storm of the Atlantic hurricane season, has formed in the southern Gulf of Mexico, NHC said, although oil operations were not affected.
KBR Says Moves Closer to Resolving $356M Pemex Dispute
Thursday, August 29, 2013 KBR wins its latest court battle with Pemex in a decade-long dispute over payments from the Mexican state oil company for offshore platform work.
Mexico's Pemex to Explore, Exploit Shale Gas, Oil in US
Monday, August 19, 2013 Pemex plans to form a new company to explore for and exploit shale gas and deep-water crude in the United States as it seeks to branch out beyond its borders, the company's CEO says.
Mexico Opposition Party, PRD, Proposes Limited Energy Reform
Monday, August 19, 2013 Mexico's largest left-of-center political party proposes a plan that would revamp Pemex, but without amending the constitution to permit more private investment in the oil, gas and electricity sectors.