Post Tagged with: "Pemex"

Source: Reuters

Shell to hand over Deer Park refinery to Pemex next week – sources

Nasdaq


MEXICO CITY, Jan 13 – Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.

Royal Dutch Shell RDSa.L

Source: Reuters

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

Reuters


MEXICO CITY/HOUSTON -A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico’s state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claiming the sale would raise U.S. gasoline …

December 22, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Bloomberg

Mexico may cut Pemex tax liability in bid to boost oil production

World Oil


MEXICO CITY (Bloomberg) –Mexico could slash Pemex’s taxes further as the world’s most indebted oil company scrambles to reverse long-term oil production declines.

“With Pemex, for example, we are constantly or periodically lowering taxes so they have more …

Source: Reuters

Mexico’s Pemex to issue new debt as $3.5 bln cash injection planned

Nasdaq


Dec 6 – Petroleos Mexicanos (Pemex) said on MondayPEMX.ULit will issue new debt and that the Mexican government plans to inject up to $3.5 billion into the state oil company to help manage its liabilities.

In a …

December 6, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance, Mexico
Source: Bloomberg

Pemex replaces CFO as Mexico’s president tightens his grip

World Oil


MEXICO CITY (Bloomberg) –Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant.

In Pemex’s first C-suite shift under the current administration, the Mexican producer named …

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Source: World Oil

Pemex reduces 2022 oil output forecast after platform troubles

World Oil


MEXICO CITY (Bloomberg) –Mexico cut its forecast for oil production at Pemex next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state company is struggling.

The country’s Finance

September 9, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: World Oil

Pemex presses forward with money-losing U.S. refinery purchase

World Oil


MEXICO CITY (Bloomberg) –The Texas oil refinery that Pemex is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking energy independence.

Mexico’s state-owned oil giant …

August 31, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Midstream
Source:Reuters

EXCLUSIVE-Mexico forecasts $60 per barrel prices for 2022 crude oil exports

Nasdaq


MEXICO CITY- Mexico expects an average price of $60 per barrel for its crude oil exports, as well as an average crude production of 1.9 million barrels per day (bpd) for 2022, as state-owned Pemex struggles to increase output, …

August 27, 2021 - 1:00 pm Uncategorized
Source: Reuters

Pemex targets restoring oil output lost to platform fire by Aug 30

Reuters


MEXICO CITY  – Mexican state oil firm Petroleos Mexicanos (Pemex) expects to resume by Aug. 30 all oil production shut down by a deadly fire on an offshore platform, the firm’s chief executive said on Tuesday.

Five workers were …

August 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico, Offshore
Source: Reuters

One dead, five missing after Pemex offshore platform fire

Reuters


MEXICO CITY – At least one person died and five more are missing due to a fire that erupted on an offshore platform run by Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico, the Mexican state oil and …

August 23, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: Reuters

Mexico’s Pemex posts quarterly net profit; debt swells to $115 bln

Nasdaq


MEXICO CITY – Mexico’s state oil company Petroleos Mexicanos (Pemex) on Wednesday reported net profit of 14.4 billion pesos ($722.5 million) in the second quarter, reversing course after a loss in the same period last year thanks to higher …

Source: Fox Business

Shell to sell interest in Deer Park refinery to partner Pemex

Fox Business


HOUSTON/MEXICO CITY – Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its …

Source: Bloomberg

Mexico’s fuel market grip is poised to tighten, buoying AMLO

Bloomberg


Mexico’s bill to increase government controls over the fuel market won final congressional approval in the latest blow to the country’s historic opening up of the energy industry.

With 65 lawmakers in favor, 47 opposed, and 6 abstaining, the …

April 23, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

Reuters


MEXICO CITY- The United States has raised concerns with Mexico about a worsening climate for U.S. energy investors in the Latin American nation, the Office of the United States Trade Representative (USTR) said.

Mexican President Andres Manuel Lopez Obrador, …

Source: Reuters

EnerCom Dallas Presenter Update: Exclusive: Pemex would consider letting private group operate Zama oil field, CEO says

Reuters


Editor’s Note: Talos Energy (NYSE: TALO) will be presenting at The EnerCom Dallas Energy Investment & ESG Conference April 6-7, 2021. EnerCom Dallas is a financial conference that provides institutional investors an early 2021 opportunity to meet CEOs from

March 22, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico takes controversial step to limit private fuel imports

Reuters


MEXICO CITY – Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a weekend decree, fanning concerns that the move may unduly benefit national oil company Petroleos Mexicanos (Pemex).

The …

December 28, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico to investigate Vitol bribe allegations, president says

Reuters


MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex).…

December 10, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Mexican crude oil output slips to record low in July

Mexican crude oil output slips to record low in July

Reuters


MEXICO CITY  – Mexico’s oil output hit a record low in July at 1.605 million barrels per day (bpd), down slightly for both state-run Pemex and upstart private producers and putting the country’s oil patch on track for its …

Trial of ex-Pemex boss threatens to lift lid on Mexico’s ‘cash box’

Trial of ex-Pemex boss threatens to lift lid on Mexico’s ‘cash box’

Reuters


MEXICO CITY  – The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvas for Mexico’s leftist president to depict rot at the heart of …

Source: Reuters

There has to be more to Mexico’s oil sector than Pemex

Forbes


There are experiences in Mexico’s history (and certainly other countries’) that serve as painful reminders that building an economy highly dependent on hydrocarbons is not, in the long term, the cleverest of decisions.

The oil boom in the 1970s …

July 16, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Why bond investors are willing to bet on money-losing Pemex after oil price crash

Reuters


MEXICO CITY/NEW YORK  – Mexico’s state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.…

Source: Reuters

Ideology may trump the market in Mexican president’s energy revamp

Reuters


MEXICO CITY – Mexico’s leftist president may offer some concessions to pro-market voices in his cabinet when he unveils a $13.5 billion energy plan this week, but likely not enough to attract major investment or to revive the fortunes …

Source: Reuters

Falling Latam demand deprives U.S. refiners of top customers

Reuters


MEXICO CITY/NEW YORK  – Latin American demand for refined products is rapidly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their main export destination.

The crisis has nearly shut down worldwide air travel and fuel demand, …

General Electric Oil & Gas and Petroleos Mexicanos (PEMEX), Mexico's state-owned oil and gas company, have signed a technology collaboration to help PEMEX improve its oil and gas production. Pictured here is an aerial photo of a PEMEX deepwater platform in the Gulf of Mexico.

Fight over Mexico’s Zama oil field is holding up Premier Oil’s effort sell its share

Houston Chronicle


The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.

Some international oil companies operating in …

February 25, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations

Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations

Oil and Gas 360


HOUSTONJan. 31, 2020 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the filing of a preliminary Schedule 14C information statement with the Securities and Exchange Commission (“SEC”), an important …

Source: Reuters

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

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.…

Source: Houston Chronicle

Pemex communications still spotty after crippling cyberattack

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 …

Source: Houston Chronicle

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

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 …

Source: Reuters/Edgard Garrido

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

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 …