Recent Articles

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.
Pemex Said Seeking to Raise $5 Billion in First 2016 Dollar Sale
Thursday, January 28, 2016 Petroleos Mexicanos plans to sell $5 billion of debt at a discount to similarly-rated peers as the oil company faces the threat of a credit-rating cut amid worsening losses.
Mexico to Evaluate Possible Pemex Capital Boost After Steps
Wednesday, January 27, 2016 Mexico could inject capital into slumping state-owned Pemex and allow it to increase debt more than planned if the oil producer presents a plan to ensure its long-term sustainability and profitability, Deputy Finance Minister Miguel Messmacher said.
Mexico's Deepwater Future Must Balance Gov't Revenues, Bidding Terms
Tuesday, January 26, 2016 Mexico's future lies in its deepwater oil and gas resources, but must balance government financial interest with attractive bidding round terms.
Mubadala, Pemex Signs MOU to Cooperate in Mexico's Upstream Sector
Wednesday, January 20, 2016 Mubadala Petroleum signs memorandum of understanding with Pemex to cooperate in Mexico, including upstream projects.
Mexico Regulator Approves Pemex Plan To Drill New Deepwater Wells
Tuesday, January 12, 2016 Mexico's oil regulator voted to approve plans by Pemex to drill two new deepwater wells later this year near the maritime border with the United States in the Gulf of Mexico.
Mexico Oil Giant to Announce Job Cuts as It Tries to Slim Down
Thursday, December 24, 2015 Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient.
Pemex to Announce Job Cuts With Oil Production at 25-Year Low
Thursday, December 24, 2015 Pemex plans to cut jobs next year after posting a record loss and seeing oil production fall to a 25-year low.
Fugro Secures Pemex Services Contract Extension
Wednesday, December 23, 2015 Pemex awards Fugro a services contract extension to support its exploration drilling activities in the Bay of Campeche, worth approximately $20 million.
Mexico's Pemex Says Two Oil Discoveries to Add 40,000 Bpd
Wednesday, December 09, 2015 Mexico's state-owned oil company, Pemex, has discovered two shallow-water oil deposits that will eventually produce 40,000 barrels a day, the company's top executive says.
Mexico Reveals Bid Minimums For December's Onshore Oil Auction
Tuesday, December 01, 2015 Mexico's government will require winning oil companies to bid at least 1% of pre-tax profits in next month's onshore oil auction, the country's Finance Ministry says.
Mexico's Pemex Inks Deal with Global Water Development Partners
Monday, November 30, 2015 Mexico's state-owned oil company Pemex has entered into a partnership with Global Water Development Partners that aims to invest $800 million in water treatment infrastructure projects, the Mexican company said.
Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Monday, November 23, 2015 Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.
Anti-Corruption Strategies Still Key to Navigating Mexican Energy Sector
Thursday, November 05, 2015 Anti-corruption strategies remain key to oil and gas companies in successfully navigating Mexico's energy sector.
Mexico's Pemex Loses Nearly $10B In 3Q, 12th Loss In Row
Wednesday, October 28, 2015 Pemex reports a steep 3Q loss of $9.9 billion, hurt by low oil prices and a weaker Mexican peso.
Hurricane Patricia, One Of strongest Ever Storms, Set To Hit Mexico
Friday, October 23, 2015 Pemex says it has taken measures to protect its installations at ports in Manzanillo and Lazaro Cardenas in Michoacan state.
OGCI Pledges to Further Reduce Greenhouse Gas Emissions
Friday, October 16, 2015 The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.
Pemex Extends Geophysical, Geotechnical Contract for the Fugro-Diavaz JV
Wednesday, October 07, 2015 Pemex extends contract for an ongoing offshore geophysical and geotechnical campaign off Mexico undertaken by the Fugro-Diavaz joint venture.
Pemex Workers Return to GOM Platform after Gas Leak
Wednesday, October 07, 2015 Pemex workers return to the Sihil A platform in the Gulf of Mexico to perform repairs after a gas leak.