The death toll from a pipeline explosion in central Mexico has risen to 66, according to Hidalgo state governor Omar Fayad.
Leaders of Mexico's state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López Obrador, who spoke of rolling back the nation's recent energy reforms and building new refineries.
US oilfield service firm McDermott International has won a pipeline installation contract with Mexico's Pemex.
Mexico’s 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
Eni was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.
Fatal fires at two Pemex refineries over the past four months have come at a bad time.
Pemex has put a kids’ recreation park up for sale as it combs through its assets searching for property it can exchange for needed cash.
BHP Billiton has won a contest to partner with Pemex in a joint oil venture to develop a deepwater field in untapped Gulf waters.
Pemex said crude oil exports rose nearly 22% in September compared to the same month last year.
Petroleos Mexicanos has turned to bond repurchases, maturity extensions and swaps to reduce shorter-term debt, Chief Financial Officer Juan Pablo Newman said.
The crew had to be evacuated from an oil tanker after it caught fire in the Gulf of Mexico on Saturday, a news report said.
Petroleos Mexicanos, the state oil company, may avoid deeper cuts to its 2017 budget if lawmakers approve an 86-billion-peso ($4.6 billion) reduction proposed by the Finance Ministry.
Drilling contractor Seadrill is “reviewing its legal options” in a dispute with Mexican state-owned company Pemex over a rig contract cancellation.
A subsidiary of Northcote Energy has signed a preliminary agreement with Pemex to carry out waste treatment services for the Mexican-state owned oil company. Mayan Drilling Fluids (MDF) will use its soon-to-be commissioned treatment facility in Comalcalco, Mexico, to recycle oil cuttings from fields operated by Pemex, if a binding agreement is reached. MDF is a joint venture between Northcote, which holds 51% of the enterprise, and its Mexican partner Gaia Ecologica.
SapuraKencana Petroleum has won a contract worth $113million from Pemex.
Petroleos Mexicanos is ramping up fuel imports for next month to make up for the shutdown of its fourth-largest refinery this week, according to a person familiar with the matter.
The biggest corporate issuer of bonds in emerging markets appears to be taking a breather.
McDermott International said it has been awarded a $454million contract from Pemex for engineering, construction and installation of the Abkatun-A2 platform.
Petroleos Mexicanos and private-equity firm First Reserve Corp. are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two people with knowledge of the discussions.
Mexican state oil firm Pemex will present its first possible deepwater tie-up with oil firms in the Trion field.
Oil majors are in talks with Mexico's state-owned Pemex as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Four more people were found dead after a fatal petrochemical blast in Mexico.
Pemex has said the death toll from a petrochemical plant blast has risen to 28 workers.
The number of fatalities after a leak caused a deadly petrochemical plant blast has risen to 24, officials have confirmed.