Mexico's Pemex has started a corporate restructure to become a more 'flexible and efficient,' it announced today. The announcement comes after Mexican president Enrique Pena Nieto approved the country's historic energy reform earlier this month…
Mexican national Pemex will pump an additional US$6 billion into its beleaguered Cantarell oilfield to maintain its current production levels, Reuters has reported. The heavy oilfield, located about 80km off Ciudad del Carmen in the Bay of Campeche…
Mexican President Enrique Peña Nieto officially named Gustavo Hernández García (pictured) director general of Pemex Exploration and Production (PEP) effective 1 June, the Mexican national announced 4 June. García has served as the interim director general since February…
Petróleos Mexicanos' (Pemex) Board of Directors unanimously voted to sell its 7.86% stake of Spanish oil company Repsol, the state-owned firm announced 4 June. Pemex expects to net US$900 million as a result of its decision, selling the shares for $27…
It has been less than a year since Mexico’s landmark energy reform, but the effects of this major restructuring on one of the world’s largest economies are already being observed. Gustavo Hernandez Garcia, acting director of E&P, Pemex,…
ION Geophysical Corporation subsidiary GX Technology (GXT) group has been awarded a multi-year contract with Petroleos Mexicanos (PEMEX), the national oil company of Mexico. Under this contract, GXT is providing a broad range of seismic…
FMC Technologies Inc. announced today that it signed a 3-year contract with Pemex Exploration and Production to manufacture and supply surface wellheads to support drilling and well maintenance programs in the Gulf of Mexico. The award…
High-quality technology and proper backing investments are keys to “[allowing] Mexico to continue as one of the main hydrocarbon producers of the world,” said Jose Antonio Escalera-Alcocer, deputy director of exploration for Pemex Exploration…
On September 9, Petróleos Mexicanos (Pemex) reported that between January and August 2013, the company unloaded a total of 11.1MMbo to satisfy the market needs of two regions in Mexico: the northern Quintana Roo area and the Yucatan. Of the 11…
GE Oil & Gas and Pemex Exploration and Production have signed an US$84 million agreement for the supply and installation of subsea wellheads for Pemex’s deepwater and ultra-deepwater drilling projects in the Gulf of Mexico. The agreement…
COLLOQUY: Editor's Column The structure of the Mexican oil industry is on the verge of change, driven by a need to increase revenues and build reserves. The consensus is that Mexican fields are aging, production is declining, and although…
Mexican state oil company Pemex and US oil giant ExxonMobil renewed a general cooperation agreement to share technical and scientific information, Pemex announced on April 3, 2013.Mexican President Enrique Pena NietoThe five-year agreement, Pemex said…
Mexicans go to the polls 1 July to elect a new president and congress. Polls suggest big gains for the institutional Revolutionary Party which dominated post-revolutionary Mexican politics for seven decades. Will a new administration have the…
Despite a reputation for ‘cumbersome’ contract processes, recent oil & gas sector reforms have created a more favorable investment climate at Mexican state oil company Petróleos Mexicanos, a Pemex official told the 2011 Petroleum Exposition & Conference of Mexico in Villahermosa…
Mexico just registered its first Clean Development Mechanism with the United Nations under a collaboration between Pemex and Statoil to reduce gas flaring at the onshore Tres Hermanos oil field in Mexico. Statoil said 26 October 2010 the registration…
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