Mexico’s current president said ex-Pemex CEO Emilio Lozoya is testifying that lawmakers were bribed to pass measures that opened the energy sector to private investment….
Tag: Mexican Oil
Mexico’s Pemex to launch world’s largest oil hedge
Mexico’s economy depends heavily on oil exports and thus is looking to safeguard against future market turmoil that might cause the number two Latin American…
Mexico’s production costs at priority fields are below $5/bbl
Executives at Pemex said they have now achieved their goal of stabilizing years of declines in oil production and that the company is “on a…
American debt-rating agencies go after Mexico’s Pemex
Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes on foreign investment to…
Mexico’s New Oil Refinery is good for Mexico but bad for American Business?
Mexico President Andres Manuel Lopez Obrador has promised a new oil refinery and also upgrade current refineries that lacked updated parts so they could run…
Pemex adds 1B barrels of oil reserves in biggest onshore find in 25 years
Pemex triples estimate of Veracruz oil field’s reserves.
Pemex’s preliminary development plan includes drilling more than 40 development wells at a cost of more than $1.5 billion, Carlos Trevino, Pemex general director, said at an event Tuesday announcing Ixachi’s progress.
“The expected value of the total production of Ixachi is worth $40 billion,” Trevino said. “Based on these numbers, you can see how profitable this project will be.”