Mexico Archives - Page 11 of 24 -

Mexico’s Pemex wants to operate Zama as its block holds most of the oil

January 29, 2020

Reuters MEXICO CITY – Mexican state oil company Petroleos Mexicanos would like to run the operations in a major offshore oil area discovered by a consortium of private companies when development eventually begins, the company’s chief executive said on Wednesday. Chief Executive Officer Octavio Romero told a regular government news conference that the company known as Pemex believes most of

EIA expects U.S. net natural gas exports to almost double by 2021

January 23, 2020

EIA EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations. In its Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will exceed natural gas

Talos Energy Announces Appointment - oilandgas360

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

January 23, 2020

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

China invests $600 million into Mexico’s Dos Bocas refinery

January 14, 2020

Houston Chronicle Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government. During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the Industrial and Commercial Bank of China, or IDBC, would invest $600 million into the Dos Bocas Refinery. Already under construction

Shell brings fuel to Mexico in push for 15% of retail market

January 9, 2020

Houston Chronicle Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete. The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 states in Mexico, plans to grow its share of the retail fuel market to as much as 15% from 1%

Talos Energy goes on $640M buying spree in Gulf of Mexico

December 11, 2019

Houston Chronicle The Houston offshore oil and gas producer Talos Energy announced the results of a $640 million buying spree, picking up a slew of assets in the Gulf of Mexico from multiple companies backed by Riverstone Holdings and other private equity firms. Talos, which focuses on both the U.S. and Mexican sides of the Gulf, would acquire substantially all

Pemex communications still spotty after crippling cyberattack

November 26, 2019

Houston Chronicle Some of Petroleos Mexicanos’s communication systems are still affected two weeks after a cyberattack hit Mexico’s beleaguered state oil firm. For some employees, internet access is limited, some computer files aren’t accessible and they are having difficulty receiving external emails to corporate accounts, according to people in Pemex’s finance, legal and refining departments who asked not to be

Reports of Pemex cyberattack has U.S. companies taking precautions

November 25, 2019

Houston Chronicle American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack that allegedly knocked out computers at Mexico’s state-run oil company Petroleos Mexicanos, or Pemex. Mexican media outlets have been reporting over the past two weeks that a ransomware attack prompted the Pemex to shut down all computers at

Mexico’s Pemex won’t pay ransom after cyberattack: energy minister

November 13, 2019

Reuters Mexican national oil company Pemex will not pay a ransom demanded by suspected cyberattackers who targeted the firm’s computer systems, Energy Minister Rocio Nahle told reporters on Wednesday. Nahle, who also serves as chair of the Pemex board, added that the attack hit the company’s administrative headquarters in Mexico City and that its “plants and wells” continued to operate.

Big Oil seeks refuge in Brazil from Latam regional turmoil

October 28, 2019

Source: Reuters RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks a dramatic change from only a year ago. In early October 2018, Brazil’s current president, Jair Bolsonaro, was in

https://www.chron.com/business/energy/article/Pemex-posts-4-6-billion-loss-amid-sagging-14568423.php?cmpid=ffcp#photo-18515611-oag360

Pemex posts $4.6 billion loss amid sagging exports, domestic sales

October 28, 2019

Source: Houston Chronicle Mexico’s state-run oil company Petroleos Mexicanos, or Pemex, reported slightly higher production figures but posted a $4.6 billion loss during the third quarter amid sagging exports and domestic sales. In a Monday morning statement, Pemex reported a $4.6 billion loss on $18.4 billion of revenue during the third quarter. The figures are down compared to a $1.4

Mexico plans infrastructure blitz worth billions to shore up economy

October 2, 2019

From Reuters Mexico will soon unveil a set of major infrastructure projects drawn up by the private sector to lift the economy, President Andres Manuel Lopez Obrador said on Wednesday, seeking to banish the specter of recession from his young administration. Speaking at a news conference, Lopez Obrador said some 1,600 projects were under consideration that would “reactivate” Mexico, Latin

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