Petroleos Mexicanos and private-equity firm First Reserve Corp. are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two people with knowledge of the discussions.
Mexican state oil firm Pemex will present its first possible deepwater tie-up with oil firms in the Trion field.
Oil majors are in talks with Mexico's state-owned Pemex as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Four more people were found dead after a fatal petrochemical blast in Mexico.
Pemex has said the death toll from a petrochemical plant blast has risen to 28 workers.
The number of fatalities after a leak caused a deadly petrochemical plant blast has risen to 24, officials have confirmed.
An explosion has ripped through a petrochemical plant on the Gulf of Mexico’s southern coast, killing three people, injuring dozens and sending a toxin-filled cloud into the air.
Moody's Investors has downgraded the credit rating of Mexican state oil company Pemex.
When you’re owed $7 billion and the borrower asks for more time to pay, it tends to make you nervous.
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom.
Petroleos Mexicanos fully revoked a truck- leasing contract that was 63 percent more expensive than a prior agreement, saying selection of the providers didn’t adhere to the standards of Mexico’s state-owned oil company.
Emilio Lozoya resigned as Petroleos Mexicanos’ chief executive officer after the oil giant failed to reverse falling output and reported 12 straight quarterly losses.
A fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight.
Pemex was forced to evacuate a platform in its top producing oilfield after a fire broke out in the machine room.
Pemex said it has extended a contract with Linde for supply of its nitrogen to its oil reservoirs in the Gulf of Mexico until 2027. The company said Linde now supplies around 1,500 million cubic feet of nitrogen per day from its plant on the Atasta Peninsula in the State of Campeche.
Authorities said one person had been killed and seven other have been injured after a fire broke out when people gathered fuel near an illegal tap on an oil pipeline in southern Mexico.
Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient. The state-owned oil producer is set to announce job cuts for next year as part of the plan to restructure the company and to synchronize itself to industry standards, interim Chief Financial Officer Rodolfo Campos said in a phone interview Wednesday.
Pemex has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche adding a further $20million in value.
A blaze near a pipeline owned by Mexican state oil company Pemex left seven people injured after emergency services were called.
At least 30 were wounded after a fire ripped through a Pemex pipeline in Cardenas, the Mexican state of Tabasco.
Monthly US crude oil imports from Mexico totalled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011, according the US Energy Information Administration.
Pemex has announced two new shallow-water discoveries in the Gulf of Mexico that could add up to 40,000 barrels a day to the company’s output. The announcement was made by the state-owned company’s chief executive Emilio Lozoya at a visit to a refinery earlier this week.
Northcote Energy has withdrawn from the pre-qualification process for Mexico’s next licensing round.
A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform.
The cause of a platform fire in Mexico earlier this year which killed four workers and left 16 injured was a leak in a rarely used gas fuel line which had corroded, according to a new report. The findings by Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) on what happened on board the Pemex Abkatun Permanente platform will not lead to any fines against the company. The gas fuel line had shown what was described as an “unusual” kind of accelerated corrosion due the presence of micro-organisms and sulphuric acid within the gas.