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Pemex News


Low oil prices hamper Mexico’s deregulation, limit potential Cuban development

Expert Jorge Pinon talks to World Oil about the future of oil in Mexico. He believes that current projects will take up to seven years to monetize, raising questions among investors as to how future oil prices affect their investment. On the other hand, Pinon says that Cuba’s oil industry has yet to demonstrate its potential. After five failed attempts, low…

Infrastructure: Energy, Central America Key Focus

The Latin American Leadership Forum will take place in Guatemala in June 9-11. At this event, energy industry leaders from Mexico, Guatemala, Honduras, and El Salvador, will come together to announce upcoming projects for the Central American regions. One of these projects involves large oil producer PEMEX, and consists of the construction of a pipeline…

PEMEX and GWDP announce partnership to develop water-focused infrastructures for Mexico

Petroleos Mexicaons (PEMEX) and Global Water Development Partners (GWDP) have recently signed an agreement for better management of gas water and wastewater operations. The  Memorandum of Understanding (MOU) signed by both companies, includes financial agreement and access to each other’s most advanced technology. by Christine Anderson, Blackstone Press Releases, May 12th, 2015 Petroleos Mexicanos (“Pemex”), and Global…

Mexico’s energy reform has potential to be transformative

Mexico has some of the world’s largest oil and gas reserves, and now that Petroleos Mexicanos (PEMEX) will seize to be the oil monopoly leader, eyes are being drawn to Mexico. The newest energy reform opens doors to foreign firms for exploration, investment and research opportunities in Mexico. Such opportunities have a great impact no only…

Mexico: Petroleum Exports Fall 5.9% in March

Pemex recent export report shows a fall of almost 6% during the month of March. In comparison to the previous month, exportation decreased by 2.36 millions of barrels per day, resulting in a loss of $68 million USD for this year’s first trimester. Recently Mexico’s largest petroleum supplier had to cut it’s production from 2.888…

New Geological Studies Seen Giving Clearer Picture of Mexico’s Oil Potential

More than two dozen of exploration studies are expected to happen in the next few years. Thanks to Mexico’s new energy reform, which allows private firms to study the land and sell it to foreign companies, opportunities of geological research will be able to reveal and challenge oil and gas deposits below the ocean. With…

Pemex prepares to expand oil production after decade of decline

After a decade of decline in production PEMEX is finally ready for its recovery. The oil company told the Financial Times they’ve negotiated with private investors to transfer contracts and together boost oil production. The deals came after Mexico’s energy reform stated that, as of July 2015, contracts will be offered in a bidding round,…

UT Jackson School of Geosciences Aims to Enhance Research in Mexico

by Valerie Jones, Rigzone, February 23, 2015 With a focus on building future professionals in the energy sector and continuing academic research in earth sciences and engineering, The University of Texas at Austin (UT) Jackson School of Geosciences and the National Autonomous University of Mexico (UNAM) have strengthened collaborations with each other in the fields…

Pemex to deliver at least three Suezmaxes to Asia from Salina Cruz

Pemex is set to deliver 1 million-barrel cargo of Isthmus crude to Japanese refinery Cosmo who operates at 147,500 b/d.  As a way to focus exports of crude from its Pacific Coast ports Pemex will also be exporting 1 million barrels of Isthmus to Korea’s GS Caltex. by Richard Capuchino, Platts, January 20, 2015 Mexico’s…

Oil Crash No Obstacle for Pemex as Mexico Plows Ahead With Bids

Even as prices of oil are collapsing, Pemex CEO Emilio Lozoya has committed to run tenders on fields where it is seeking partners.  For the first time in 7 decades, Mexico will be pressing ahead with plans to start offering oil licenses, specifically Pemex will be bidding as a minority partner in five blocks to…

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