Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter.These partnerships would be similar to past Pemex joint ventures with private oil producers, also known as farm-outs, that Mexico pursued through an energy reform enacted a decade ago…
Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex.In March, Reuters reported…
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy NFE.O have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said…
A fire broke out early Friday morning at the Nohoch-A offshore platform run by Mexican state oil company Pemex at the Cantarell complex, a source at the company said.Pemex has sent four vessels to extinguish the fire and is preparing to receive potentially injured workers at a nearby hospital…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
Mexico's state-owned Pemex and a consortium led by U.S.-based Talos Energy submitted a development plan for a major offshore oil field to regulators on Thursday, in the latest step in a years-long saga over the potentially lucrative discovery…
Mexican state oil company Petroleos Mexicanos (Pemex) said it has been falling behind in a global race to transition from fossil to renewable energy sources, and that stricter demands from environmentally conscious investors pose a threat. Investors…
Mexican state oil company Pemex expects a key offshore natural gas field located in the deepwater Gulf of Mexico will add significant output after inking a service contract on Monday, part of a push to grow local output while reducing imports…
Mexico's environmental regulator has no records of state oil company Pemex reporting a methane leak last December at the country's top oil field, according to the regulator's response to a freedom of information request filed by Reuters.'There…
Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture.Officials at regulator National Hydrocarbons…
Mexican senators will consider a new head of the country's powerful oil regulator, according to legal announcements to lawmakers dated Wednesday and Thursday, after the current head abruptly resigned.National Hydrocarbons Commission (CNH) President…
BW Offshore Limited announced that, effective July 22, 2022, Pemex has assumed the ownership and operation of the FPSO Yùum K’ak Náab in accordance with the terms of the 15 year FPSO financial lease contract that commenced in 2007.Following the transfer…
Mexico's state-owned oil company Pemex plunged deeper into so-called junk status on Monday after a major credit rating agency downgraded its long-term debt by one notch.Moody's Investors Service cut Pemex's credit rating to B1 from Ba3, or four notches into the agency's speculative status…
The former chief of security for Petroleos Mexicanos (Pemex) was arrested in Canada on charges of protecting a fuel theft racket within the state-run oil company, and his extradition process has begun, Mexican officials told Reuters on Friday…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
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