Posts Tagged ‘pemex’

Mexico energy reform may stumble in Congress

by on November 9, 2012 5:51 pm BST
President-elect Enrique Pena Nieto wants to shake up the sector by opening up state oil monopoly Pemex to more private investment, hoping it will help boost production.But as a feisty debate in Congress over a labor reform bill has shown, Pena Nieto may struggle in a divided Congress

Pemex to need $10bn in financing

by on November 8, 2012 4:43 am BST
The company's finance director Ignacio Quesada said Mexico's incoming government led by President-elect Enrique Pena Nieto, set to take office on 1 December, will rubber-stamp Pemex's authorized financing for next year.Pena Nieto will also get to pick the successor to current Pemex Chief Executive Officer Juan Jose Suarez

Pemex reports profit uptick

by on October 30, 2012 9:04 pm BST
Mexico's state oil company reported third-quarter revenues of 408.9 billion pesos ($31.8 billion) in the July to September period, up 4.3% compared with the third-quarter of 2011, Reuters reported.Pemex posted a net loss of 81 billion pesos for the year-earlier period on revenue totaling 392 billion pesos.The company said

BP, Pemex sharing capping stack info

by on October 23, 2012 4:47 pm BST
In addition, BP will hold workshops and brief Pemex on suppliers and fabricators in case the state-run Mexican oil company decides to build its own unit designed to shut in blowouts, according to a joint statement."The agreement marks another step forward in PEMEX E&P's ongoing efforts to