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Pemex

Podcast

EVOL: Aramco dips, another Pemex disaster and Harbour vs cigs

Saudi Aramco ditched around one third of its jackups this week in a sign that the oil-rich state is demonstration of a move away from some of its grandiose visions. The market remains tight, with South East Asia likely to provide a home for spare capacity. Whether the North Sea, beset by windfall tax woes, can secure some of these newly idle jackups remains to be seen.

Oil & Gas

State oil companies take first ungainly steps toward climate neutrality

Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis — then refused to discuss why they’d soared by double-digits from April to June, compared to a year ago.

Americas

Pemex’s mounting death toll

When 62-year-old Tomas Morales registered a fever of 101.3 Fahrenheit on April 14, the doctor told him to self-isolate. But there was a problem: Morales was on an oil platform off the Mexican coast only reachable by helicopter, and he shared a bedroom with three other workers.