Pemex

Recent Articles

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.
Mexico's Pemex Boosts Crude Shipments to Japan Through Spot Sales
Wednesday, May 11, 2016 Mexico's state-run oil company Pemex will increase crude exports to Japan in the coming months after selling several spot cargoes to customers including Cosmo Oil, JX Holdings and TonenGeneral, sources say.
Pemex Says $8B More In Government Aid Could Be On Its Way
Friday, April 29, 2016 Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.
Mexico's Pemex Posts Narrower First Quarter Loss
Thursday, April 28, 2016 Mexican national oil company Pemex reports a 62 billion peso ($3.6 billion) loss in the first quarter, less than last year as a lower tax burden helped offset a slump in crude prices.
IFC, China-Mexico Fund Invests $200M in Mexico's E&P Firm Citla Energy
Thursday, April 21, 2016 International Finance Corp. and China-Mexico Fund invest $200 million in Mexican independent oil and gas exploration and production company Citla Energy.
Mexico Gives $4.2B Liquidity Boost To Pemex Finances
Wednesday, April 13, 2016 Mexico's finance ministry announced a series of measures to improve national oil company Pemex's ailing finances, giving it a $4.2B liquidity boost.
Mexico Has $13.6 Billion Surplus to Pay Debt, Boost Oil Fund
Monday, April 11, 2016 Mexico will use $13.6B from a central bank surplus to pay down debt and boost its rainy day fund, shoring up finances as it prepares a support plan for Pemex.
Moody's: Mexico Risks Rating Downgrade on Pemex Woes
Thursday, March 31, 2016 Mexico is at risk of a credit-rating cut because of subdued economic growth and the possibility the government will need to give financial support to the state oil company, according to Moody's.
New Pemex CEO Raises Hopes Of Contractors For $7B Payment
Tuesday, March 15, 2016 When you're owed $7 billion and the borrower asks for more time to pay, it tends to make you nervous.
New Pemex CEO Raises Hopes of Contractors for $7 Billion Payment
Tuesday, March 15, 2016 Oil service companies are pinning hopes on Pemex's new CEO, Jose Antonio Gonzalez Anaya.
From Champs To Chumps: Latin America Oil Giants Owe $275B
Friday, March 11, 2016 The Latin American state-run oil companies whose largesse filled government coffers during the crude boom are quickly becoming dangerous liabilities as soaring debt levels spook investors.
Mexico's Pemex Sets Up Credit Lines to Pay Suppliers
Tuesday, March 08, 2016 Pemex sets up lines of credit with Mexico's development banks to improve liquidity and start paying back billions of dollars in debt to suppliers.
PEMEX Makes $5.5B Budget Adjustment for 2016
Monday, February 29, 2016 PEMEX's board of directors approves a $5.5 billion adjustment to PEMEX's 2016 budget to help the company face the new reality of low oil prices.
CERAWeek: Constant Industry Feedback Aiding Mexico's Reformed Energy Sector
Thursday, February 25, 2016 Officials with Mexico's Energy Ministry offer answers on what to expect in this year's deepwater bidding round.
New PEMEX CEO Seeks to Guide Company in New Oil Reality
Tuesday, February 23, 2016 New PEMEX CEO Jose Antonio Gonzalez Anaya talks at CERAWeek about his plans for the company.
Pena Nieto Committed to Fully Implementing Energy Reform
Monday, February 22, 2016 Despite low oil prices, Mexican President Enrique Pena Nieto said this is the time to move forward with energy reform.
Rule of Law Changes Needed to Ensure Mexico Energy Reform Success
Wednesday, February 17, 2016 Successfully implementing energy reform in Mexico is not just about rules, but the effectiveness, fairness, and transparency of legal institutions and processes.
Mexico's Pena Nieto Axes Pemex CEO, Orders Cuts Amid Oil Slump
Tuesday, February 09, 2016 Mexican President Enrique Pena Nieto removes chief at state oil firm Pemex, replaces him with the country's social security chief.
Fire On Mexico Pemex Platform Kills 3 Workers, Now Under Control
Monday, February 08, 2016 Three workers are killed and at least seven injured due to a fire on a Pemex oil processing platform in the Gulf of Mexico.