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Pemex News


Mexico’s Pemex to export 6 mn barrels of oil to Japan

Pemex agreed to send 6 million barrels of crude to Japan’s JX Nippon Oil & Energy Corporation in the next six months. The shipment, which will be leaving from a Oaxaca port, is an addition to the 4 million barrels Pemex delivered to JX Nippon earlier this year. by Fox News Latino, July 24, 2015 …

Mexico draws natural gas interest from France

French energy group Engie, recently signed cooperation agreements with Mexican entities Pemex, Federal Electricity Commission (CFE), and  National Center of Natural Gas Control (CENAGAS). These MOUs focus mainly on natural gas and electricity projects, facilitating projects and transfer of knowledge between both countries. By Daniel J. Graeber, UPI, June 16, 2015 French energy company Engie said…

Pemex is granted oil refining permits for the next 30 years

Sener granted Pemex 18 permits that will allow the company to continue working on oil and gas activities. Six of these permits correspond to refineries, nine were appointed to gas, and three for oil. All licenses expire withing 30 years and should operate withing the Hydrocarbon Law. These permits establish new obligations such as the…

Pemex drops out from Round One

Pemex drops out from Round One

Just a week before Round One winners were announced, Pemex declined its participation for this bid. The Mexican oil company is undergoing financial pressure due to lower income and oil prices and had decided to focus its efforts partnering with other corporations for future bids. Energy expert Jorge Piñon talks to CNN about the recent Pemex’…

Pemex won’t take part on Round One first phase

Pressured by the collapse of its income due to low oil prices, Pemex will not be taking part of Round One’s first phase. The Mexican oil company expects to participate in future bids, but only in partnership with other corporations. The announcement was made after companies Noble Energy, Ecopetrol, PTT Exploration and Glencore also dropped out of…

Pemex production falls, causes of gas shortage

After a couple weeks of little or no gas availability in several Mexican states, Pemex gave reason and solution to this shortage. Pemex attributes the problem to a change in management of Pemex refinery and distribution, delay in production on some of its plants due to low maintenance, and bad weather. The Mexican oil company is solving the…

French Energy Group Engie is ready to take part on CFE’s pipeline bidding

Philippe Delmotte, Director of Engie Mexico, announced the company’s intentions to prepare for CFE’s pipeline bidding. Engie will submit three proposals for electric factories, each one with a $1 billion USD investment. The french enterprise, which has operations in Estado de Mexico, Jalisco, and Queretaro among others, is building a natural gas project in “Los Ramones”…

New Auction for Round One Will be the Cherry on Top

Mexican Energy Secretariat recently announced Round One’s fourth auction in July, which will include exploratory block in deep waters of Tamaulipas, Veracruz, Tabasco, and Campeche. It will also include fields of heavy oil with 2P reserves in shallow waters of Sonda de Campeche. The new bidding opportunity gives Pemex more liberties, as the company will…

Recent PEMEX discovery will improve bid for Round One

Pemex recent discovery in the Gulf of Mexico is expected to improve negotiations during the Round One bids. The new find is located close to the Round One area, in Tabasco, which may motivate companies to offer better terms during the bid. Results of this first round will be announced July 15th. by Yussel González,…

Mexico’s Pemex unveils large oil find

Mexico’s Pemex unveils large oil find

Pemex just discovered new shallow water oil fields that could produce 200,000 barrels a day by 2018. These fields are located in the Gulf of Mexico off the coast of Tabasco and Campeche and are comprised of light crude and heavy crude. by The Guardian, June 10, 2015 The Mexican state oil company Pemex has…

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