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Pemex’s Crude Output Up 1.6 percent

Mexican state-owned oil monopoly Petroleos Mexicanos said it produced an average of 2.56 million barrels of crude per day in January, a 1.6 percent increase over the same month of 2012. continue reading »

Oil Workers Union has Spent Over 95 pct of $39.3 Million Pemex Loan

Some 95.4 percent of the interest-free loan of 500 million pesos (about $39.3 million) provided by state-owned oil giant Petroleos Mexicanos, or Pemex, in 2011 for employee housing has been spent, the STPRM oil workers union said. continue reading »

Mexican Oil Field Produced 865,000 Barrels Per Day in December

Output at Ku-Maloob-Zaap, Mexico's most productive oil field, climbed to a record high of 865,000 barrels per day in December, state-owned oil monopoly Petroleos Mexicanos said. continue reading »

Pemex Lends $39.3 Million to Workers’ Union Interest-free

Mexican state-owned oil monopoly Petroleos Mexicanos made a 10-year, interest-free loan for 500 million pesos ($39.3 million) to the union representing its employees, Mexico City daily Reforma reported Thursday. continue reading »

Union Calls Upon Pemex to Give Jobs to Children of Dead Victims of Blast

The children of the employees killed in the explosion last week at the Mexico City headquarters of state-owned oil giant Petroleos Mexicanos, or Pemex, should be allowed to inherit their parent's jobs, oil workers union leader Carlos Romero Deschamps said. continue reading »

Rescue Workers Continue to Search for Victims Among Pemex Blast Debris

Some 2,500 rescue workers - aided by specially trained dogs - continued to pore through rubble Saturday at the Mexico City headquarters of state-owned oil monopoly Petroleos Mexicanos, where an explosion two days ago left 33 dead and more than 100 injured. continue reading »

Presidents Discuss Pemex, Petrobras Oil Alliance

Mexican President Enrique Peña Nieto and Brazilian President Dilma Rousseff discussed forging strategic alliances between oil giants Pemex and Petrobras during a meeting at the CELAC-EU summit in Chile. continue reading »

Pemex Prepares to Lay Off 15,000 in Mexico

State-owned oil giant Petroleos Mexicanos, or Pemex, plans to cut at least 15,000 jobs as part of a reorganization, press reports said. continue reading »

Mexico’s PEMEX Hits High Oil Production Levels in 19 Months

State-owned oil giant Petroleos Mexicanos, or Pemex, said production hit 2.57 million barrels per day (bpd) of crude in November, the highest level in the past 19 months. continue reading »

PEMEX Finds 500 Million Barrels of Crude Oil, Largest Discovery in a Decade

State-owned oil giant Petroleos Mexicanos, or Pemex, said it found reserves of up to 500 million barrels of crude in southern Mexico, a discovery that President Felipe Calderon hailed as the "biggest find" of petroleum on land in the past decade. continue reading »

Pemex Up $2.45 Billion Since Beginning of 2012

State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about $2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011. continue reading »

1,000 People Evacuated after Thieves Rupture Gas Pipeline in Mexico

More than 1,000 people were evacuated from their homes as a precaution after would-be thieves ruptured a pipeline in the central Mexican town of Tepeji del Rio, authorities said Monday. continue reading »

Pipeline Fire in Jalisco Forces Hundreds to Evacuate

Roughly 400 people were evacuated early Friday from their homes in the western Mexican state of Jalisco after a gas leak at a pipeline operated by state oil firm Petroleos Mexicanos triggered a fire, authorities told Efe. continue reading »

Mexico Researches Non-conventional Oil and Gas Resources

Mexico plans to invest 3.13 billion pesos (some $242 million) in a project that will use state-of-the-art technology to assess the nation's prospective non-conventional oil and gas resources, the Energy Secretariat said. continue reading »

Death Toll at Pemex Gas Plant Blast Rises to 29

State-owned Petroleos Mexicanos said Wednesday that 29 people perished in an explosion and subsequent fire at a gas plant in the northeastern state of Tamaulipas, three more than the company reported earlier. continue reading »

Pemex Blast Near Reynosa Kills 26, Injures 51

Twenty-six workers were killed Tuesday in a explosion and subsequent fire at gas plant in the northeastern Mexican state of Tamaulipas, state-owned Petroleos Mexicanos said. continue reading »

PEMEX Finds Large Oil Reserve in Gulf of Mexico

Mexican state-owned oil giant Petroleos Mexicanos, or Pemex, has made a large deep-water light crude discovery in the Gulf of Mexico off the coast of the northeastern state of Tamaulipas, President Felipe Calderon said Wednesday. continue reading »

PEMEX Finds Large Oil Reserve in Gulf of Mexico

Mexican state-owned oil giant Petroleos Mexicanos, or Pemex, has made a large deep-water light crude discovery in the Gulf of Mexico off the coast of the northeastern state of Tamaulipas, President Felipe Calderon said Wednesday. continue reading »

Mexican Oil Spill Responsible for Deaths of Sea Turtles, Says Environmentalists

A total of 24 sea turtles have been found dead on the beaches of the southern Mexican state of Oaxaca after oil spilled from a sunken loading buoy owned by state oil monopoly Petroleos Mexicanos, or Pemex, the environmental group Wildcoast/Costa Salvaje said. continue reading »

Mexican Environmental Groups Demand Pemex to Clean Up Oil Spill

Mexican environmental authorities are demanding that state oil company Petroleos Mexicanos clean up a crude spill that occurred when a loading buoy sank nearly two weeks ago and polluted six beaches. continue reading »