39 articles
President Claudia Sheinbaum criticized Pemex executives over falling fuel production and safety accidents, as Mexico increases reliance on costly imports due to refinery inefficiencies.
Pemex is working to contain a new crude oil leak from an offshore pipeline in the Gulf of Mexico, following a similar incident earlier this year. Authorities are monitoring the slick's path, though no
Mexico's 2027 budget projects a deficit reduction to 3.9% of GDP while cutting support for state oil firm Pemex, which expects a surplus. The plan emphasizes energy and infrastructure public works to
Mexico's finance ministry projects 1.5% to 2.5% economic growth in 2027 with a narrowed public deficit to 3.9% of GDP. The budget allocates $4.8 billion for Pemex debt repayment and forecasts crude oi
Mexico’s government plans to cut financial support for state-owned oil giant Pemex by nearly 70% to $4.8 billion in its 2027 budget, aiming for a $5.6 billion surplus despite ongoing challenges like d
PEMEX and Petrobras signed a strategic cooperation agreement to explore deepwater Jurassic reservoirs in the Gulf of Mexico. Leveraging Petrobras' salt-layer expertise, the project aims to mitigate ri
Mexico's sovereign bonds risk junk status after $130 billion in bailouts for state oil giant Pemex, which faces declining output and soaring debt. Credit downgrades highlight concerns over the company
Petrobras and Pemex are partnering to explore ancient, deep-sea rock formations under the Gulf of Mexico for potential massive oil reserves. This high-risk project aims to revitalize Pemex and diversi
Petrobras and Pemex are collaborating to explore deep Jurassic rock formations off Mexico's coast for potential oil reserves. This high-risk venture aims to revitalize Pemex and could significantly im
Braskem Idesa filed for pre-packaged bankruptcy after chronic ethane shortages from PEMEX eroded its cost advantage and liquidity during a petrochemical downturn. Despite rising polyethylene prices, t
Mexican President Claudia Sheinbaum is evaluating pilot hydraulic fracturing projects in northern states to reduce reliance on U.S. gas imports. Pemex could commence work by September to boost domesti
Mexican state-owned oil company Pemex completed the closure of its Krem-1 well five months after a fire burned 300 million cubic meters of gas. The company will continue environmental cleanup and prov
Mexican state energy firm Pemex reported a $1.03 billion second-quarter net profit, though crude production remained below government targets at 1.66 million barrels per day. Financial debt stood at $
Pemex reported a $1 billion second-quarter profit driven by higher global oil prices, marking its first quarterly gain since last year. The state-owned oil giant continues to seek private partnerships
Residents near a burning Pemex natural gas well in Mexico raise health and environmental concerns five months after the incident began. Satellite data estimates 300 million cubic meters of gas have be
Pemex has appointed Elizabeth González Garduño as its new Chief Financial Officer effective June 25. The move comes amid efforts to boost crude output through joint ventures and address significant de
Brazil's Petrobras and Mexico's Pemex signed an MOU for oil, petrochemical, and fertilizer collaboration, focusing on deepwater resources and low-carbon technologies in the Gulf of Mexico.
Pemex and Petrobras have signed a memorandum of understanding to collaborate on oil exploration, refining, and petrochemical projects across Latin America. The partnership aims to boost reserves and l
Brazil's Petrobras and Mexico's Pemex signed an MoU for cooperation in oil exploration, petrochemicals, and fertilizers, targeting Gulf pre-salt resources and refining capabilities without immediate b
Petrobras and Pemex are set to sign memorandums of understanding for technical and strategic oil and gas cooperation, with CEOs attending the event in Rio de Janeiro.
The Commission for Environmental Cooperation will review a complaint alleging Mexico failed to enforce environmental laws following hydrocarbon contamination from a Pemex oil well in Veracruz. Pemex c
Mexico's state oil company Pemex announced a $5.3 billion investment plan for 2026-2030 to expand petrochemical and fertilizer production in Veracruz. The initiative aims to boost domestic output of e
Pemex CEO Juan Carlos Carpio is scheduled to visit Brazil to negotiate a joint oil exploration deal with Petrobras in the Gulf of Mexico. State-run firms intend to sign memorandums for offshore studie
Pemex announced a $5.3 billion investment plan from 2026 to 2030 to reactivate Mexico's petrochemical sector, aiming to boost ethylene derivatives and fertilizer production while reducing import depen
Pemex plans to invest $5.3 billion by 2030 to revive petrochemical and fertilizer plants, targeting over 4 million tonnes of annual fertilizer output. This initiative aims to reduce import dependence
A fire at Pemex's Salina Cruz refinery alkylation plant triggered emergency protocols, with preliminary reports suggesting a potential hydrofluoric acid leak. No injuries were reported, though this fo
Investors recommend Pemex issue global bonds for the first time in three years to refinance debt amidst strong market appetite. Analysts cite narrowing yield premiums and upcoming maturities as key dr
Mexican billionaire Carlos Slim plans to invest $5 billion this year while avoiding new ventures with state oil company Pemex. Despite his existing energy portfolio, he labeled ultra-deepwater drillin
Mexican investor Carlos Slim declared the Lakach deepwater natural gas field project irrational due to distance from land, potentially halting the partnership with state energy firm Pemex.
Mexico's state oil company Pemex confirmed that a brief fire at its Olmeca refinery during scheduled maintenance has been controlled with no operational impact or safety risks.
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