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Tag Results for "Petroleos Mexicanos"

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 Announces New Significant Crude Oil Discovery in Gulf of Mexico

Mexican President Felipe Calderon on Friday said another significant crude discovery has been made at a well in deep waters of the Gulf of Mexico, hailing the find as confirmation of a "huge oil system" in that region. 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 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 »

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 »

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 Ends 2011 with Net Loss of $6.5 Billion

State oil monopoly Petroleos Mexicanos, Mexico's largest company, said it posted a net loss of $6.5 billion in 2011, a 103 percent increase over 2010. 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 »

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 »