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Tag Results for "Pemex"

Environmental Group Claims Old Pemex Ships Contain Hazardous Materials

Two ships sold by state-owned oil giant Petroleos Mexicanos, or Pemex, to scrap yards in Pakistan and Bangladesh contained hazardous materials, a violation of both Mexican and international law, an environmental group said. continue reading »

Pemex Covers Expenses and Investments By Selling $1.75 Billion in Bonds Internationally

State-owned Petroleos Mexicanos, or Pemex, said it sold $1.75 billion worth of bonds on the international market, raising funds that will be used to cover operating expenses and investment. continue reading »

Carlos Slim’s Grupo Carso Gets $205 Million Pemex Rig Contract

Billionaire Carlos Slim's Grupo Carso said its Operadora Cicsa unit received contracts worth $205 million from state-owned Petroleos Mexicanos, or Pemex, to build three offshore oil rigs. continue reading »

Illicit Oil Depots Found By Mexican Authorities

Army troops found clandestine oil depots containing 1.5 million liters (396,258 gallons) of stolen fuel in the eastern state of Veracruz, the Mexican Defense Secretariat said. Soldiers from the 29th Military Zone, "in responding to a tip from citizens, carried out land reconaissance in Ejido Tacoteno, city of Minatitlan, Veracruz, where they found two fields with clandestine hydrocarbons deposits," the secretariat said in a statement. continue reading »

Spanish region and Mexico’s Pemex in Talks Over New Ship Deal

Talks between the northwestern Spanish region of Galicia and Mexican oil giant Pemex for the construction of several ships are "advancing" and a deal could be reached "soon," the head of the regional government, Alberto Nuñez Feijoo, said. continue reading »

Mexico’s Pemex Denies $30 billion Accounting Fraud

Mexico's state-owned oil monopoly Petroleos Mexicanos has denied any accounting irregularity after a congressional oversight body said it had identified a possible $30 billion fraud. continue reading »

Mexico and Cuba Consider Doing Joint Oil Exploration in Gulf of Mexico

Mexican President Felipe Calderon said his country's state-owned oil company, Petroleos Mexicanos, is considering participating and investing in crude and natural gas exploration and production projects in Cuban territorial waters. continue reading »

U.S. and Mexico Sign Energy Agreement for Gulf of Mexico

The Mexican and U.S. governments signed an agreement Monday for the exploration and development of oil and gas reservoirs that straddle the countries' maritime boundary in the Gulf of Mexico. continue reading »

7 Oil Rig Workers Found Alive, 2 Dead and 1 Remains Missing in Gulf of Mexico

Mexico’s national oil company, PEMEX is announcing that it has rescued seven of the ten oil rig workers that have been missing for three days. PEMEX that is heading the search and rescue missing also located two bodies in the Gulf of Mexico which is has not identified. continue reading »

Tropical Storm Nate Hits Mexico with Little Impact

Tropical Storm Nate was heading west aiming toward Mexico gulf coast and was expected to make landfall as a hurricane. However, when the Tropical storm made landfall in the state of Veracruz today around noon CST report of damages were minimal. continue reading »

Mexican Pres. Calderon Confirms that Country Has No Plan to Make Pemex Oil Public

Tuesday, the President of Mexico, Felipe Calderon clarified that rumors of the government-owned Petroleos Mexicanos (Pemex) going public are not true, but he does have plans for a second attempt at oil reform before his term ends in 2012. continue reading »

American’s Crossing Border for Cheaper Gas in Mexico In Spite of Long Lines & Possible Violence

At $2.94 or less for a gallon of gas in Mexico, U.S. residents are braving long lines and putting fears of violence aside. According to AAA reports, gas in the U.S. is average $3.82 but is much higher in many places, making the Mexico price very attractive. continue reading »

Drug Cartels Threatening Mexican Natural Gas Operators Unless Extortion Money Paid

There appears to be a new twist in the means by which Mexico’s drug cartels are earning money – blackmailing the countries oil drillers and threatening havoc. continue reading »

Drug Cartel Violence Costing Oil Industry $350,000/Day in Lost Revenue

Threats and violence by Mexican drug gangs are preventing some government oil workers from reaching installations in northern Mexico and costing state-owned Petroleos Mexicanos (Pemex) about $350,000 every day in lost production, a company official said. continue reading »

PEMEX Reporting Massive Explosion, Multiple Deaths Feared

Petroleos Mexicanos (PEMEX) is reporting an accidental explosion at one of its largest refinery’s located outside of Monterrey, Mexico. Spanish language news is reporting at least seven dead and many injured. continue reading »