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Tag Results for "Petroleos Mexicanos"

Oil Giant Pemex Posts $12.15 Billion Trade Surplus for First Half of 2013

Mexican state oil monopoly Petroleos Mexicanos posted a $12.15 billion trade surplus for the first seven months of 2013, the company said Wednesday. Exports of crude oil, petroleum products, petrochemicals and natural gas continue reading »

Mexico’s State-Owned Oil Giant Pemex Fined $50 Million

Mexico's Federal Competition Commission, or CFC, said it imposed a fine of 653.2 million pesos (about $50 million) on state-owned oil giant Petroleos Mexicanos, or Pemex, for forcing service stations to hire the oil monopoly's trucks to handle deliveries of gasoline and diesel. continue reading »

Methane, Vapors From Solvents Responsible for Pemex Blast

Mexico's Attorney General's Office said the deadly January explosion at state oil company Petroleos Mexicanos' headquarters in this capital was caused by a mix of methane gas of biological origin and vapors from solvents. continue reading »

2013 2nd Quarter: Mexico Economy Grows 2.5%

Mexico's gross domestic product grew at an annual rate of 2.5 percent in the second quarter of this year, the government said. "The Mexican economy continued in an expansion trend, albeit with less than expected dynamism," continue reading »

Developing Deep-Water Reserves Will Cost $900 Billion, Says Pemex

Mexican state oil monopoly Petroleos Mexicanos said some $900 billion must be invested to develop its deep-water oil reserves in the Gulf of Mexico, estimated at 27 billion barrels. continue reading »

Pemex, Mexican Navy Sign Fleet-Renewal Agreement

Mexican state oil company Petroleos Mexicanos and the Navy Secretariat have signed an agreement for the construction of 22 ships, they said in a joint statement. continue reading »

Illegal Tapping of PEMEX Pipeline Results in Multiple injuries and Damage

An explosion at a pipeline belonging to state-owned oil giant Petroleos Mexicanos, or Pemex, injured at least seven people on Sunday, officials and media reports said. continue reading »

Pemex’s Gasoline Production Hits 40 Month High

Gasoline production hit a 40-month high in Mexico in May, reaching a daily average of 417,000 barrels, state-owned oil giant Petroleos Mexicanos, or Pemex, said. continue reading »

Mexican President Stresses Need to Modernize Pemex

Mexican President Enrique Peña Nieto reaffirmed his commitment to maintain Petroleos Mexicanos as a state-owned company, but also stressed the need to modernize and transform the world's No. 5 oil producer. continue reading »

PEMEX to Upgrade Docks with $67 Million Investment

Some 840 million pesos (nearly $67 million) will be invested this year to upgrade and modernize seven docks in Mexico, state-owned oil giant Petroleos Mexicanos, or Pemex, said. continue reading »

Pemex Produced 2.54 million Barrels Per Day in Early 2013

Mexican state-owned oil company Petroleos Mexicanos said it produced an average of nearly 2.54 million barrels per day in the first four months of 2013, nearly half of which was destined for export. continue reading »

Pemex Discovers Deep-Water Find in Gulf of Mexico

Mexican state-owned oil monopoly Petroleos Mexicanos said it detected the presence of oil at a deep-water field in the Gulf of Mexico. "There are clear signs of the presence of hydrocarbons in Maximino, but final tests are still needed to fully confirm it," Pemex announced on Twitter. continue reading »

Pemex Brings Cogeneration Power Plant Online in Mexico

Mexican state oil monopoly Petroleos Mexicanos said it has brought a cogeneration power plant online in the southeastern state of Tabasco, a facility it says is the largest of its kind in Latin America. 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 »

One Week After PEMEX Explosion Employees Return to Work

Thousands of employees of Mexican state-owned oil monopoly Petroleos Mexicanos returned to work Wednesday at the company's headquarters in this capital, where an explosion last week left 37 dead and more than 100 injured. 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 »

Mexico’s PEMEX Takes Delivery of Environmentally-Friendly Ships

Oil giant Petroleos Mexicanos, or Pemex, said it took delivery of two ships from South Korea's SPP Shipbuilding Group. continue reading »

Mexico’s Leftist Party Plans Campaign to Protect State-Owned Pemex

The leftist opposition Party of the Democratic Revolution, or PRD, plans to organize a national campaign to protect state-owned oil giant Petroleos Mexicanos, or Pemex, party officials said. continue reading »