Pemex Company News

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Eni Bets Big on Zohr Explorer Finding New Treasure
Friday, October 06, 2017 The Zohr field off Egypt sits in an area that Royal Dutch Shell pored over for years.

Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
Wednesday, October 04, 2017 The rush of enthusiasm that followed the July find has turned into a nervous wait.

Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct
Thursday, September 28, 2017 Located on Mexio's Pacific coast, Salina Cruz is the country's largest refinery.

Mexico's Pemex Sees Salina Cruz Refinery Restart Third Week October
Wednesday, September 27, 2017 Pemex says it expected its Salina Cruz refinery to resume operations by the third week of October, after a series of natural disasters kept the facility offline.

Mexico's Pemex Says Gasoline, Diesel Supplies Guaranteed
Thursday, September 21, 2017 Pemex says its installations suffered no significant damage from an earthquake.

Mexico's Pemex Says Refinery Electrical System Damaged By Quake
Tuesday, September 12, 2017 Pemex says that it soon expects to repair turbogenerators damaged at its refinery near the epicenter of last week's massive earthquake.

Mexico's Pemex Delays Starting Salina Cruz Refinery After Quake
Monday, September 11, 2017 Pemex has not yet restarted its Salina Cruz refinery due to aftershocks following last week's huge earthquake that struck off southern Mexico,

Shell Opens First Mexico Gas Station, Eyes Up To $1B Investment
Tuesday, September 05, 2017 Shell opens its first gas station in Mexico, adding to a growing list of foreign-branded pumps.

Harvey Hits US Fuel Supplies to Latin America
Monday, August 28, 2017 Fuel supplies to Europe will also be disrupted by the storm.

Mexico's Pemex Says Fuel Supply Guaranteed Despite Harvey
Monday, August 28, 2017 Pemex said that Mexico's gasoline and diesel supplies were "guaranteed" despite the closure of Texan refineries that supply Latin American markets.

Pemex Carries Out Major Maintenance Work At Ciudad Madero Refinery
Thursday, August 24, 2017 Pemex sais it is undertaking substantial maintenance work at its Ciudad Madero refinery.

Harvey Could Become First Hurricane to Strike Texas Since 2008
Wednesday, August 23, 2017 Harvey has already spurred one refiner to start shutting down a plant and forced workers to be evacuated from Gulf of Mexico platforms.

Mexican Government Raises Pemex Deductions To Continue Oil Output
Friday, August 18, 2017 Mexico's finance ministry says Pemex will be allowed to deduct more costs for developing some projects so the firm can maintain production.

Novum Completes First Sale of Imported Diesel to Mexican Retailer
Monday, August 14, 2017 US-based trading firm Novum Energy said it has completed its first sale of imported ultra-low sulfur diesel to a Mexico-based fuel retailer.

Exploration Chief: Mexico's Pemex Seeks Oil Projects In Americas
Wednesday, August 09, 2017 Pemex is looking for oil projects in the United States, Brazil, Colombia and Argentina to keep up output after an energy reform.

Mexico's Pemex Posts Profit For Third Straight Quarter
Thursday, July 27, 2017 Pemex reports a 32.8 billion peso ($1.8 billion) second-quarter profit.

Mexico's Pemex Says $5B Bond Deal Covers Needs Through 2018
Monday, July 24, 2017 Pemex says that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.

Tesoro Signs Deal with Pemex to Enter Mexico
Wednesday, July 19, 2017 The Texas-based refiner that will soon be called Andeavor will supply fuels in Mexico's Sonora and Baja California states.

Mexico Delays Next Oil Auction to Let Huge New Find Sink In
Monday, July 17, 2017 "International and national interest is awakening," said Mexico's chief oil regulator.

Mexico Oil Privatization Pays Off With Billion-Barrel Find
Wednesday, July 12, 2017 It's the first new find by a private company in the country in almost 80 years, according to consultant Wood Mackenzie.

Pemex Terminates Odebrecht Refinery Contract Amid US Probe
Tuesday, July 11, 2017 Pemex last month terminated a 1.8 billion peso ($100 million) contract with Odebrecht SA amid a probe by the U.S. Justice Department.

Sources: Pemex Declares Force Majeure On Maya Crude From Pacific Coast
Wednesday, June 28, 2017 Pemex has declared force majeure over at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal.

Mexico's Pemex Sees Restart of Salina Cruz Refinery on July 30
Friday, June 23, 2017 The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.

Mexico Seen Importing More US Gasoline With Top Refinery Out
Wednesday, June 21, 2017 Mexico is expected to increase imports from the US with Pemex's biggest refinery out of service for at least two weeks.

Two Killer Refinery Fires No Help as Pemex Seeks Partners
Friday, June 16, 2017 Pemex's bid to recruit partners to help run their facilities "was already a tough sell" because of the condition of the aging plants, said Tim Samples.

Mexico's Pemex Expects To Begin Restart Of Top Refinery
Thursday, June 15, 2017 Pemex says it expects to begin startup operations at its Salina Cruz refinery later in the day once it extinguishes a large fire that completely shut down the plant.

ExxonMobil Plans to Import Fuel to Mexico to Supply Its Gas Stations
Friday, May 19, 2017 ExxonMobil expects to open its first service stations in Mexico later this year and will sell gasoline and diesel fuels.

Glencore Agrees JV Deal to Supply Mexican Fuel Stations
Thursday, May 18, 2017 The new franchise will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.

Fire Triggered by Suspected Fuel Thieves Kills Four in Mexico
Monday, May 15, 2017 The pipeline has a capacity of 73,000 barrels per day and transports gasoline and diesel from Pemex's Minatitlan oil refinery to Mexico City.

Mexican Fuel Importers Weigh Risk After Thefts Trigger Bloodbath
Wednesday, May 10, 2017 A gun battle May 3 between soldiers and huachicoleros, the local nickname for fuel thieves, left 11 people dead and many more injured and triggered protests in Puebla, where pipelines are often tapped to steal gasoline.

Mexico's Pemex Posts First Quarterly Profit In Five Years
Wednesday, May 03, 2017 Pemex reported a first quarter net profit of $4.7 billion, the firm's first quarterly profit since 2012.

CEO: Pemex Will Be Profitable By 2020
Wednesday, May 03, 2017 Pemex is taking advantage of energy reform and its finances are steadily improving, CEO tells OTC crowd.

Mexican Oil Regulator Approves First Onshore Joint Venture Projects
Friday, April 28, 2017 Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved.

Mexico's Pemex Sharply Reduces Losses as Oil Prices Rise
Monday, February 27, 2017 Mexican state-owned oil company Pemex reported a much smaller fourth-quarter loss, due in large part to higher crude prices.

Mexico's Pemex Jan Crude Output Drops 10.6 pct from A Year Ago
Friday, February 24, 2017 Mexican national oil company Pemex produced 10.6 percent less crude oil in January than in the same month last year, the company said.

What's Next for Mexico's Energy Sector?
Thursday, January 12, 2017 Rigzone examines the possible long-term outlook for Mexico's energy sector.

Supply Chain Partnership Helping PEMEX Manage Payments
Thursday, January 12, 2017 PEMEX copes with declining oil prices by addressing its supply chain issues, an industry observer tells Rigzone.

BHP Billiton Named as Pemex's First Deepwater Oil Partner
Monday, December 05, 2016 BHP Billiton will pay $624 million to be Petroleos Mexicanos' first private partner in producing oil and natural gas in the deep waters of the Gulf of Mexico.

Mexico Certifies Bidders for December Deep Water Oil Auctions
Monday, November 28, 2016 Mexico's oil regulator announces a final list of 16 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions set for Dec. 5.

Pemex Expects To Post Primary Surplus In 2017 Despite Production Drop
Thursday, November 03, 2016 Pemex will post a primary surplus next year even as crude production continues to decline, the firm says.

Pemex Posts Narrower 3Q Loss Despite Falling Prices, Output
Friday, October 28, 2016 Pemex reports a narrower 3Q net loss.

Mexico's Pemex OKs New Gulf Joint Venture In Bid To Boost Output
Tuesday, October 18, 2016 Pemex approves a joint venture for two shallow water fields in the Gulf of Mexico, the firm says.

Mexico's Pemex Set to Announce Debt Management Deal
Wednesday, September 28, 2016 Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman says.

Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016 EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.

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.