Pemex (Petroleos Mexicanos)
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First Reserve, Pemex Form Infrastructure Investment JV
First Reserve, Pemex Form Infrastructure Investment JV
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New Financings
The loan finances KKR's purchase of Pemex assets. The senior secured credit facility will consist of…
Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers in three separate…
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News
Pemex Targets Debt Declining Below $100 Billion This Summer
Mexico’s state-owned Pemex, the world’s most indebted company, is targeting a total debt below the $100 billion mark this summer—the first time in 10 years that the company’s debt would be below that level.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Mexico’s Nearshoring Attracts $36B in Investment as US Energy Benefits
Mexico saw the highest level of foreign investment in 18 years as companies were attracted to low wage workers, but U.S. energy producers, among others, continue to fuel power for the country’s new factories and projects.
DORIS Group Awarded FEED for Zama Development Offshore Mexico
A final investment decision for Zama is forthcoming and first oil production could flow in 2027.
Pemex’s Dos Bocas Refinery to Reduce Mexico’s Reliance on US Fuel
Mexico will significantly reduce its dependence on fuel from the U.S. in 2025 once state-owned Pemex concludes construction of its 340,000 bbl/d Olmeca refinery in Dos Bocas, according to the International Energy Agency.
Mexico’s First Female President Likely to Stay Course on Energy
Claudia Sheinbaum Pardo, a physicist with a doctorate in energy engineering and of Jewish heritage, won Mexico’s presidential election on June 2 by an overwhelming margin, according to Mexico’s INE.
Mexico’s Demand for Permian Pipe-gas Likely Here to Stay
Permian gas producers exporting piped gas to Mexico can rest assured that demand south of the border will remain robust even under a new Mexican president, Wood Mackenzie says.
Mexico Presidential Frontrunner Likely to Continue Reliance on US Gas
Mexico’s leading presidential candidate Claudia Sheinbaum is likely to continue with the current policies of Mexican President AMLO, likely meaning a continued reliance of U.S. imported piped-gas.
Pemex Reports Lower 2Q Production, Net Income
Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
Pemex to Remain Fiscally Challenged for Mexico’s Next President
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Pemex GoM Oil Platform Blaze Leaves One Dead, 13 Injured
A Coter contract worker died from a fire that broke out at Pemex’s Akal-B platform this weekend that also left several others in serious condition, the company said.
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Pemex Reports Higher Q3 Production, Lower GHG Emissions
Mexico’s Pemex, still the world’s most indebted energy company, continues to boost production while making significant inroads to reduce flared volumes and greenhouse-gas emissions.
Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential
Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.