Pemex Company News
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Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.
Mexican Oil at a Crossroads
Tuesday, January 29, 2019 Will history or recent reforms drive future policy for the Mexican oil industry?
AMLO Doubles Down to End Fuel Theft after PEMEX Explosion
Monday, January 21, 2019 Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft.
Mexican Driller Latina Is Said to Bid for Pemex Contract
Thursday, January 17, 2019 Latina Offshore is working along with one of the consortia invited by Pemex to submit offers for oil-services contracts, according to sources.
Mexico Fuel Sellers Said to Seek Pemex Alternative
Friday, January 11, 2019 Private gasoline retailers are scrambling for alternatives to state-owned Pemex to supply their service stations in Mexico that are running out of fuel.
AMLO Earmarks $23B to Boost National Oil Industry
Monday, December 17, 2018 Mexican President Andres Manuel Lopez Obrador is boosting Pemex's budget to $23 billion next year to reverse flagging oil production and increase domestic fuel output.
Mexico Cancels Two Oil and Gas Auctions
Wednesday, December 12, 2018 The Mexican government canceled February bidding on two oil and gas auctions, including one which offered blocks targeting shale resources.
Pemex Refineries Operating at Lowest Level in Almost 3 Decades
Thursday, November 29, 2018 Petroleos Mexicanos' refineries are operating at the lowest level in almost three decades.
Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Wednesday, November 28, 2018 Pemex has more than tripled its estimated reserves in its Ixachi field.
Gasoline Retailers Face Supply Shortage Due to Mexico Fuel Theft
Thursday, November 01, 2018 BP Plc and Total SA are among international gasoline retailers that are facing a supply shortage in Mexico.
Pemex Signs Landmark Offshore Deal
Friday, September 21, 2018 Pemex and a three-way JV have struck what is reportedly the first pre-unitization agreement ever signed in Mexico.
Data, Source: Mexico's State-Run Pemex Pauses Light Crude Exports
Friday, August 31, 2018 Pemex has not exported light crude since May, according to a source and export data seen by Reuters.
Bay of Campeche Subsea Tieback Contract Goes to McDermott
Wednesday, August 01, 2018 Pemex has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche.
Pemex Hunts for Partners as Election Approaches
Wednesday, June 27, 2018 Pemex is accelerating efforts to bring on partners before an election that could slow foreign investment in Mexico's oil industry.
Mexico's Pemex Says Fire Under Control at Minatitlan Refinery
Monday, June 11, 2018 Mexico's Pemex said that a fire at its Minatitlan refinery was under control and the plants were operating normally.
Reeling From Job Cuts, Mexican Oil Country Pins Hopes on a Rebel
Wednesday, May 02, 2018 The promised wave of investment has yet to arrive.
Mexican State Oil Company Pemex Turns $6B Profit On Oil Prices
Friday, April 27, 2018 Pemex says its net profit rose 29% in the first quarter compared with the year-earlier quarter.
Regulator: Mexico's Pemex Will Tender For Partners In Seven Onshore Areas
Thursday, April 26, 2018 Mexico's CNH says that Pemex will tender for partners in seven onshore areas.
Pemex CEO Says We Must Move To IPO, But Will Take Years
Wednesday, April 25, 2018 Pemex says it must move towards a stock exchange listing like Saudi Arabia's Aramco has done but that such a step would take years.
Crude Processing in Mexico up 9 pct at 834,000 bpd - Pemex CEO
Tuesday, April 10, 2018 Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said.
Pemex Signs Shale Contract With Lewis Energy In Northern Mexico
Monday, March 26, 2018 Pemex says it had signed a contract with US firm Lewis Energy.
Mexico Regulator Wants Minority Stake Floated in State Oil Firm Pemex
Thursday, March 22, 2018 "Pemex needs more capital to invest in its own projects," said an official with Mexico's National Hydrocarbons Commission.
Slowing Mexico Oil Reform Would Be 'A Shame,' Pemex CEO Says
Wednesday, March 07, 2018 Mexico's 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
CEO: Mexico's Pemex Eyeing Partners For Heavy Oil Projects
Tuesday, March 06, 2018 Pemex might bring partners into two heavy crude oilfields in the Gulf's shallow waters, the company's chief says.
CERAWEEK: Pemex Seeking Allies For Deepwater Blocks Won In Auction - CEO
Monday, March 05, 2018 Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction.
Mexico's Pemex Posts Nearly $18B 4Q Loss As Output, Refining Dip
Monday, February 26, 2018 Pemex reports a nearly $18 billion fourth-quarter loss.
Pemex Refinery Chief Looks to Deal With Mitsui to Spur Recovery
Friday, February 02, 2018 Pemex is a few months away from closing an agreement for the project with a group led by Mitsui.
Mexico's Oil Reform A Boon For Hard-Hit Oil Service, Seismic Firms
Tuesday, January 30, 2018 Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms.
Oil's Heavy Hitters Line Up to Dive Into Mexico's Deep Waters
Friday, January 26, 2018 The sale will be Mexico's biggest, in terms of fields and expected investment, since Pemex's monopoly ended in 2013.
Mexico Says Deepwater Oil Tender Doomed By Brazil Competition
Friday, December 08, 2017 Pemex blames the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite.
Sources: Mexico's Pemex Declares Force Majeure On Isthmus Crude Oil
Wednesday, November 29, 2017 Pemex declares force majeure on the loading of Isthmus crude, two sources with knowledge of the matter say.
Mexico's Pemex Makes Biggest Onshore Oil Find in 15 Years - President
Friday, November 03, 2017 Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said.
Mexico's Pemex Posts $5.6B 3Q Loss On Lower Output
Friday, October 27, 2017 Pemex reports a narrower loss in the 3Q, but results for the state-run oil company were weighed down by a sharp slump in crude output.
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.