Tag

Pemex
Just two days before the United Kingdom ambassador, Duncan Taylor, leaves his post as diplomatic representative of the European country; he predicted that the next presidential term with Andrés Manuel López Obrador will continue to strengthen ties of friendship and investments in Mexico. “We can invest six thousand million pesos over the next four years...
Read More
The president-elect of Mexico, Andrés Manuel López Obrador, said today that the country will only extract the oil it requires to satisfy domestic consumption and that it will stop exporting this resource abroad. “Mexico is no longer going to sell, in the medium term, crude oil abroad; We want to process all our raw material,”...
Read More
Mexican state oil firm Pemex [PEMX.UL] said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields. Pemex, which has been struggling with declining output for over a decade, said the...
Read More
Oil theft is becoming one of Mexico’s most lucrative criminal businesses Violent battles between rival criminal groups vying for control over Mexico’s lucrative oil theft business left more than 50 people dead over the span of five days, highlighting the deadly consequences of the trade’s emergence as one of the country’s most prized illicit economies....
Read More
Mexico must double oil exploration spending to halt output fall
Reuters By Marianna Parraga and David Alire Garcia ACAPULCO, Sept 28 (Reuters) – Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday....
Read More
Highlights 20 shale wells expected by the end of the next year Company expects to ease fracking concerns of incoming president Acapulco, Mexico — Mexico’s Pemex expects to explore and assess its shale oil and gas portfolio with the hope of starting mass development in 2023-2024, the company’s exploration director said Friday. Receive daily email...
Read More
In Mexico's shale patch, cartel violence scares off drillers
REYNOSA, Mexico (Reuters) – The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened access to billions more barrels. FILE PHOTO: Soldiers keep guard a gas facility of Pemex in Reynosa September 18, 2012. REUTERS/Daniel...
Read More
The one selected to represent Mexico in the world championship, which will be held in Slovenia, is elegant, sober, has mahogany eyes, a damp nose, a smooth black coat and his name is “Geri”. “Geri” is a rescue dog from the National Autonomous University of Mexico (UNAM), which will participate for the first time in...
Read More
In the swampy wetlands of southern Mexico, officials and researchers are struggling to explain the deaths of dozens of manatees, the chubby marine mammals once confused with mermaids by ancient mariners. Fishermen who navigate the muddy waters inland from the coast of Tabasco state have discovered since May at least 28 dead West Indian manatees,...
Read More
The first call, from someone claiming to belong to the Michoacan Family drug cartel, came in February 2015. “They said they knew who I was and where I lived,” said Alberto Arredondo, who got the call at work as a pump technician at an oil refinery in the central Mexican city of Salamanca. “They wanted...
Read More
The state-owned petroleum giant Pemex paid $9 million in 2011 to have an oil rig towed halfway round the world, from the United Arab Emirates to the Gulf of Mexico. When government auditors looked at the contract, they turned up some problems. The rig had the wrong equipment for the assignment, according to a report...
Read More
A new pipeline project to move Eagle Ford Shale natural gas into Mexico’s growing energy market has opened. Although Mexico has vast natural gas reserves, it hasn’t been able to develop them quickly enough to meet the country’s consumption, which has been climbing at four times the pace of overall economic growth at times in...
Read More
1 2