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Pemex

Recent Articles

Mexican Senate Approves Bulk Of Pending Energy Legislation
Tuesday, July 22, 2014 Mexico's Senate completes approval of the bulk of legislation setting out rules and regulations for President Nieto's opening of the oil and gas market, the cornerstone of his economic agenda.
Mexico Senate Gives General Approval To Key Energy Reform Bill
Friday, July 18, 2014 Mexico's Senate gives general approval early to a key bill to regulate the opening of the oil and gas industries to private investment, the centerpiece of President Enrique Pena Nieto's economic reform agenda.
Mexico's Pemex to Spend $6B to Maintain Output at Cantarell
Wednesday, July 02, 2014 Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official says.
Bloody Mexican Shale Fields Sit Idle While Texas Booms
Thursday, June 12, 2014 Surging crime, while dramatic, is just one of many obstacles thwarting a Mexican shale boom that is seen as years off at best.
Mexico's Pemex Ends 25-Year Partnership With Repsol
Wednesday, June 04, 2014 Pemex sells most of its stake in Repsol, and plans to unload the rest soon, ending a quarter-century partnership and freeing up cash to invest in in its own energy sector.
Pemex Selling 7.86% Of Repsol Worth $3 Billion
Tuesday, June 03, 2014 Pemex is selling a 7.86% stake in Repsol, worth about $3 billion at current market prices, Citigroup and Deutsche Bank say.
Tropical Storm Boris Forms Off Mexico, Heads Toward Key Refinery
Tuesday, June 03, 2014 Tropical Storm Boris forms off the southern Pacific coast of Mexico, churning northward toward Pemex's largest refinery Salina Cruz.
Mexico's Pemex Near Deal to Form Energy Fund with Chinese Firms
Thursday, May 29, 2014 Pemex is in the final stages of negotiating to form an investment fund with two Chinese companies that could eventually finance up to $5B in its energy infrastructure projects.
PEMEX Transforming Corporate Culture Ahead of Energy Reform
Tuesday, May 06, 2014 PEMEX is seeking to implement changes into its corporate culture to prepare for operations in Mexico's reformed energy sector, a company official says at OTC.
Report: Mexico's Pemex Prepares to Sell 9% Repsol Stake
Monday, May 05, 2014 Pemex hires Credit Agricole to sell its stake of just over 9% in Repsol, Spanish online newspaper El Confidencial reports, citing financial sources.
PEMEX Announces New Tender for Mudline Suspension Equipment
Tuesday, April 29, 2014 PEMEX Procurement International issues a new international public tender for the acquisition of mudline suspension equipment.
Pemex Chief Touts Mexico's Energy Reform In Washington Visit
Thursday, April 24, 2014 While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex says.
McDermott's China JV Clinches Fabrication Contract from Jord
Friday, March 28, 2014 McDermott's joint venture in China clinches a module fabrication contract from Jord Oil and Gas Systems.
Repsol Shareholders Seal Argentina Deal But Pemex Tensions Linger
Friday, March 28, 2014 Shareholders of Repsol approved the $5B settlement with Argentina over the 2012 seizure of YPF at an annual meeting that also shed light on tensions with Pemex.
Mexico May Trim Pemex's Oil Field Wish List
Thursday, March 27, 2014 Mexico's energy ministry aims to find a middle ground between strengthening Pemex and ensuring major opportunities for new private producers, a top government official says.
Seadrill Finalizes PEMEX Contracts, Unveils Joint Venture
Tuesday, February 18, 2014 Seadrill finalizes drilling contracts with PEMEX and establishes a joint venture to own and manage jackups working offshore Mexico.
Coastal Contracts Bags $372M Deal to Supply Self-Elevated Jackup to Pemex
Tuesday, February 11, 2014 Coastal Contracts' subsidiary bags $371.6 million contract to provide a self-elevated jackup to Pemex.
PEMEX CEO, Team Seen Favoring Rapid Adoption of Energy Reform
Tuesday, January 28, 2014 PEMEX's executive team appears to favor energy reform, but sees the need for a level playing field in face of competition from private companies.
FMC Signs $64M Deal with Pemex for Supply of Surface Wellheads
Monday, January 27, 2014 FMC Technologies signs a deal, valued at $64 million, with Pemex for the supply of surface wellheads for its drilling and well maintenance programs in the Gulf of Mexico.
Pemex CEO: Russia's Lukoil, Mexico's Pemex to Sign Cooperation Memorandum
Friday, January 24, 2014 Mexico's Pemex is to sign a cooperation deal with Russia's Lukoil Friday.