Skip Navigation
The University of Texas at Austin
 

Pemex News


Mexico’s Pemex approves post-reform corporate revamp

Pemex has finalized a corporate restructuring, including the creation of new business units that will focus on fertilizers and ethylene. The company will maintain its money-making exploration and production division and consolidate poorer performers focused on natural gas, refining and petrochemicals into a single entity called Industrial Transformation. by David Alire Garcia, Reuters, November 18, 2014…

Mexico’s Pemex Considers Sukuk Sale to Lure Muslim Investors

Pemex is considering the sale of the Islamic-compliant bonds known as sukuk. A date and amount has yet to be set, but it will be the first sukuk out of Latin America. by Isabella Cota, Bloomberg News, November 14, 2014 Petroleos Mexicanos is considering a sale of the Islamic-compliant bonds known as sukuk, courting Muslim investors…

Mexico’s Pemex inks $10 bln credit line with China’s ICBC for oil projects

Pemex has created a line of credit with Chinese bank ICBC. The credit line will be used for exploration and production projects as well as offshore acquisitions. by David Alire Garcia, Reuters, November 13, 2014 Nov 13 (Reuters) – Mexico’s state-owned oil company Pemex has inked an initial line of credit for exploration and production projects…

Pemex plan for a $6 billion LNG export terminal faces skepticism

Pemex’s plan to build a $6-billion natural gas liquefaction plant at Salina Cruz is being met with skepticism. Analyst argue that Pemex lacks a track record for a comparable operation, and that there isn’t enough gas in Mexico. by Ronald Buchanan, Platts, November 10, 2014 A plan by Mexican state-owned Pemex to build a $6-billion natural…

Pemex Looks to Develop Natural Gas Export Terminal

Pemex has announced it wants to develop a liquefied natural gas export terminal on the Pacific coast of Oaxaca, and is seeking private investment to help with costs. This is an effort to help expand the country’s energy sector following the energy reform. by Alison Sider, Wall Street Journal, November 5, 2014 Mexico’s state-owned energy company,…

Pemex to become Mexico’s No. 2 power generator

Pemex plans to convert oil-fired plants to natural gas. By doing so, the company will become Mexico’s second largest electricity generator behind State utility CFE. This change is expected to happen within the next three or four years. by Adam Critchley, BN Americas, November 6,2014 Pemex will become Mexico’s second largest electricity generator once oil-fired plants…

Pemex to build Pacific coast liquefaction plant

In an effort to transform from an LNG importer to an LNG exporter, Pemex announced its plans to develop a $6 billion liquefaction project on the Pacific coast. This plan goes along with US Sempra’s liquefaction plant at Costa Azul in California. Both projects are mainly targeted toward the Asia-Pacific LNG market. by Argus, November…

Pemex signs oil cooperation agreement with Italy’s ENI

Mexico’s Pemex signed a memorandum of understanding on Thursday with Italy’s ENI. The agreement will allow for join development of sustainable practices and efforts to take action to reduce emissions of pollutants. The agreement will also allow for training and apprenticeship programs to help both companies meet their need for “highly specialized human capital.” by…

Pemex to invest $1.4 bn in cogeneration projects

In order to supply electricity to its refineries in Tula, Hidalgo and Cadereyta, Pemex plans to invest $1.4 billion in two cogeneration projects. Deals were signed between Pemex and both Mexica-Canadian consortium, Hermes Atco and Japan’s Mitsui in order to build power generation projects at the refineries. by EFE, Fox News Latino, October 28, 2014…

Mexico to launch shallow water tenders in November

According to the energy minister, the first tenders for private firms to partner with Pemex in shallow water oil and gas extraction will take place in the first half of November. During the first half of Devember, bases for tenders for extra heavy crude projects will be launched, followed by onshore and deepwater projects tendered…

UT Main  |  UT Directory  |  UT Direct  |  Blackboard  |  Privacy Policy  |  Accessibility
© 2014 Jackson School of Geosciences, The University of Texas at Austin
Site Last Modified: November 12, 2014