Pemex – Page 4 – Oil & Gas 360

Exclusive: Pemex would consider letting private group operate Zama oil field, CEO says- oil and gas 360

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

March 22, 2021

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 leading independent E&Ps, including some of the industry’s leading Permian, Eagle Ford, Marcellus, Utica and Canadian producers, and the oilfield service companies

Mexico takes controversial step to limit private fuel imports

December 28, 2020

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 rules, issued by the energy ministry and scheduled to go into force on Monday, are part of a drive by

Mexico to investigate Vitol bribe allegations, president says

December 10, 2020

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). Lopez Obrador, speaking at a news conference, said the accusations by the U.S. Justice Department related to bribes allegedly paid

Mexican crude oil output slips to record low in July

September 1, 2020

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 lowest production since the 1970s. Pemex, formally known as Petroleos Mexicanos, produced just 1.548 million bpd in July while private

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

July 21, 2020

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 government that he has vowed to clean up. Once a symbol of Mexican self-reliance and ingenuity, the firm known as

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

July 16, 2020

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 and early 1980s and the resulting social and economic crisis left policymakers with valuable lessons that, considering today’s conversation around

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

May 22, 2020

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. Despite all the risks of holding the world’s largest fallen angel, the ignominious distinction for a company that loses its

Mexico again extends timeframe for oil permits due to coronavirus- oil and gas 360

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

April 7, 2020

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 of state-run Pemex. President Andres Manuel Lopez Obrador is under pressure to relieve Mexico’s $1.2 trillion economy from the strain

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

March 27, 2020

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, which is expected to fall between 10% and 36% in Latin America through the first half of the year. Although

ight over Mexico's Zama oil field is holding up Premier Oil's effort sell its share- oil and gas 360

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

February 25, 2020

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 Mexico are waiting for a resolution to a conflict between Talos Energy, the field’s primary shareholder, and state-owned Petroleos Mexicanos

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

January 31, 2020

Oil and Gas 360 HOUSTON, Jan. 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 regulatory step towards closing of the Company’s previously announced acquisition of affiliates of ILX Holdings, among other entities (the “Acquired Assets”, the “Acquisition”,

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

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