Pemex death toll rises to 28
Pemex has said the death toll from a petrochemical plant blast has risen to 28 workers.
Pemex
Pemex plant blast death toll rises to 24
The number of fatalities after a leak caused a deadly petrochemical plant blast has risen to 24, officials have confirmed.
Three killed and dozens injured in Mexico petrochemical plant blast
An explosion has ripped through a petrochemical plant on the Gulf of Mexico’s southern coast, killing three people, injuring dozens and sending a toxin-filled cloud into the air.
Moody’s cuts Pemex rating
Moody's Investors has downgraded the credit rating of Mexican state oil company Pemex.
New Pemex CEO raises hopes of contractors for $7billion payment
When you’re owed $7 billion and the borrower asks for more time to pay, it tends to make you nervous.
Pemex woes trigger 2,000 provider job cuts as boom turns to bust
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom.
Pemex revokes truck-leasing contract after bidding probe
Petroleos Mexicanos fully revoked a truck- leasing contract that was 63 percent more expensive than a prior agreement, saying selection of the providers didn’t adhere to the standards of Mexico’s state-owned oil company.
Pemex CEO Emilio Lozoya resigns after three years of losses
Emilio Lozoya resigned as Petroleos Mexicanos’ chief executive officer after the oil giant failed to reverse falling output and reported 12 straight quarterly losses.
Two killed and eight injured in fire on Mexico offshore platform
A fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight.
Pemex evacuates platform after fire breaks out
Pemex was forced to evacuate a platform in its top producing oilfield after a fire broke out in the machine room.
Pemex extends contract for nitrogen with Linde
Pemex said it has extended a contract with Linde for supply of its nitrogen to its oil reservoirs in the Gulf of Mexico until 2027. The company said Linde now supplies around 1,500 million cubic feet of nitrogen per day from its plant on the Atasta Peninsula in the State of Campeche.
Update: One dead, seven injured after illegal pipeline tap
Authorities said one person had been killed and seven other have been injured after a fire broke out when people gathered fuel near an illegal tap on an oil pipeline in southern Mexico.
Pemex to announce job cuts with oil production at 25-year low
Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient. The state-owned oil producer is set to announce job cuts for next year as part of the plan to restructure the company and to synchronize itself to industry standards, interim Chief Financial Officer Rodolfo Campos said in a phone interview Wednesday.
Fugro wins $20m Pemex contract extension
Pemex has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche adding a further $20million in value.
Update: Fire near Pemex pipeline injures seven
A blaze near a pipeline owned by Mexican state oil company Pemex left seven people injured after emergency services were called.
Breaking: Pemex pipeline fire leaves at least 30 wounded, after oil heist attempt
At least 30 were wounded after a fire ripped through a Pemex pipeline in Cardenas, the Mexican state of Tabasco.
Mexican crude shipments to Europe and Asia rise as US imports fall
Monthly US crude oil imports from Mexico totalled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011, according the US Energy Information Administration.
Pemex makes two shallow-water discoveries off Gulf of Mexico
Pemex has announced two new shallow-water discoveries in the Gulf of Mexico that could add up to 40,000 barrels a day to the company’s output. The announcement was made by the state-owned company’s chief executive Emilio Lozoya at a visit to a refinery earlier this week.
Northcote withdraws from Mexico’s next licensing round
Northcote Energy has withdrawn from the pre-qualification process for Mexico’s next licensing round.
Sierra aims to beginning drilling in Mexico in 2017 after winning contract
A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform.
Fatal platform fire caused by leak in gas fuel line
The cause of a platform fire in Mexico earlier this year which killed four workers and left 16 injured was a leak in a rarely used gas fuel line which had corroded, according to a new report. The findings by Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) on what happened on board the Pemex Abkatun Permanente platform will not lead to any fines against the company. The gas fuel line had shown what was described as an “unusual” kind of accelerated corrosion due the presence of micro-organisms and sulphuric acid within the gas.
Pemex evacuates platform after gas leak
Pemex was forced to evacuate its Sihil A platform in the Gulf of Mexico after a gas leak was detected. Mexico’s state-owned company confirmed 85 workers had been evacuated. The leak was believed to have started at 9pm local time. Pemex confirmed there was no fire or injuries as a result of gas leak.
Fugro and Diavaz win $13million Pemex contract extension
Fugro has been awarded an extension on the ongoing offshore geophysical and geotechnical campaign being led by Pemex in a deal worth $13million. The company is working in conjunction with Diavaz on the project which will support exploration drilling activities in the Bay of Campeche and deepwater locations in the Perdido area.
Pemex investors face crude reality with threat of credit downgrade
More than a year after Mexico rewrote laws to give oil giant Petroleos Mexicanos the financial independence needed to compete with global peers like ExxonMobil, things aren’t looking good for the state-owned driller. With crude near a six-year low, output dropping and Moody’s Investors Service warning that it’s considering a cut to Pemex’s credit rating, investors are demanding a widening premium to own the company’s bonds instead of government notes. The extra yield they demand to hold the dollar debt from Pemex is at a six-month high of 1.1 percentage points.
Wood Group nets $28million contract with Pemex
Wood Group has won a $28million contract with Mexican state-owned oil company Pemex. The deal will see Wood Group Kenny (WGK) and Wood Group Mustang (WGM) provide deepwater and complex shallow water concept and basic engineering services.