Pemex

Recent Articles

Pemex Discovers 6 New Crude Deposits In Gulf of Mexico
Tuesday, September 13, 2016 Pemex says it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters.
Mexico 2017 Budget Cuts To Squeeze Pemex, Primary Surplus Eyed
Friday, September 09, 2016 Mexico's government set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a $5.36 billion reduction in funding.
Pemex Cancels West Pegasus Drilling Contract
Monday, August 22, 2016 Seadrill Limited receives a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract, effective Aug. 16.
In Third Bid to Lead Mexico, Fiery Leftist Puts Oil Feform in Crosshairs
Friday, August 12, 2016 A firebrand leftist who twice narrowly missed becoming Mexico's president is riding high with a fresh bid for election in 2018, vowing to upend a landmark energy sector opening championed by President Enrique Pena Nieto.
Grupo R's Newbuild Cantarell I & II Begin Work for Pemex in Gulf of Mexico
Friday, August 05, 2016 Grupo R's Cantarell I and Cantarell II jackups commence work at Pemex's Cantarell oil field in the Gulf of Mexico.
Pemex Losses Accumulate as Oil Production Hits Record Low
Thursday, July 28, 2016 Pemex adds to more than three years of losses as a cash injection from the government wasn't enough to overcome the pinch of record-low crude output, refinery upsets and a petrochemical plant explosion.
Mexico's Pemex must take Minimum 45 pct Stake in Deep Water Venture
Wednesday, July 27, 2016 Mexico's oil regulator said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever proposed joint venture with would-be private partners to develop oil reserves in the Gulf of Mexico's deep waters.
Malaysia's SapuraKencana Secures $113M Contract for a Mexican Assignment
Tuesday, July 26, 2016 Malaysia's SapuraKencana Petroleum secures a $113 million contract from Mexico's Pemex Exploracion y Produccion.
Mexico's Pemex Agrees to 3.17% Pay Increase for Oil Workers' Union
Wednesday, July 20, 2016 Pemex signs a one-year agreement with the country's oil workers union that boosts pay by 3.17 percent, the firm says.
Keppel AmFELS Delivers Newbuild Uxpanapa to Mexico's Central Panuco
Thursday, July 14, 2016 Keppel AmFELS delivers newbuild Uxpanapa to Mexico's Central Panuco and the jackup has been chartered for work offshore Mexico by national oil company Pemex.
KKR's Mexican Oil Deal Kicks Off New Era in Funding for Pemex
Friday, July 08, 2016 The biggest corporate issuer of bonds in emerging markets appears to be taking a breather.
McDermott Secures $454M EPCI Contract for Abkatun-2 Platform from Pemex
Tuesday, June 28, 2016 McDermott secures a $454 million contract from Pemex Exploracion y Produccion for the engineering, procurement, construction and installation for the Abkatun-A2 platform to be located in Mexico's Bay of Campeche.
Pemex, First Reserve Said to Near $500 Million Asset Deal
Wednesday, June 22, 2016 Pemex and private equity firm First Reserve are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two sources.
Sources: U.S. KKR, Mexico's Pemex Agree to $1.2B Sale, Leaseback
Thursday, June 16, 2016 U.S. private equity fund KKR and Mexico's Pemex are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.
Moody's: LatAm Oil Companies Need Over $55/Bbl To Break Even
Tuesday, June 14, 2016 Latin American national oil companies need crude prices to surpass $55 per barrel to break even, a level that would allow them to invest capital enough to start reverting declining output, according to credit rating firm Moody's Corp.
Statoil May Consider Pemex Partnerships in Deep Waters, VP Says
Monday, June 13, 2016 Statoil may seek to partner with Pemex in Mexico's deepwater fields as the producer looks to gain a foothold in the country's recently opened energy market.
Mexico's Pemex Approves Trion Field as First Farm Out
Friday, June 10, 2016 Mexican state oil company Pemex picks up the deep-water Trion field near the U.S. border as the first one it will farm out to other operators to help it develop untapped resources.
Mexico Plans Next Bidding Round For Energy Opening By End-July
Thursday, June 09, 2016 The next bidding round in the opening of Mexico's oil and gas sector will be called by the end of July and consist of 15 shallow water blocks for exploration and extraction in the Gulf of Mexico, Energy Minister Pedro Joaquin Coldwell says.
Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects
Friday, May 20, 2016 Pemex is in talks with Exxon Mobil Corp., Total and Chevron as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Mexico's Pemex Says It Failed To Replenish Its Reserves In 2015
Tuesday, May 17, 2016 Mexican state oil giant Pemex says it failed to replenish its proven reserves in 2015 with enough new discoveries, after its reserve-replacement ratio hit just 18 percent in 2014.