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
Mexico to Extend $6.7B to Cover Oil Producer Pemex's Debt in 2025
The Mexican government expects to transfer 136 billion pesos (US$6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet its debt and loan repayments.
Texas Gas Vital to Mexico’s Nearshoring Boom
Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.
Pemex Shuts Three Deer Park Refinery Units After Deadly Accident
Mexico’s state-owned Pemex has shut-in three units at its 320,000 bbl/d Deer Park refinery after a hydrogen sulfide leak injured 35 and left two dead.
No Good Vibrations: Neo Oiltools’ Solution to Vibrational Drilling Problems
Vibrations cause plenty of costly issues when drilling downhole, but Neo Oiltool’s NeoTork combats these issues, enhancing efficiency and reducing costs.
Mexico Energy Forum: Election Impacts on US-Mexico Energy Trade
Mexico Energy Forum President Roberto Salinas León shared his thoughts with Oil and Gas Investor on a number of themes related to recent elections in Mexico.
IOCs See Opportunity in Offshore Mexico, Despite Potential for Policy Changes
Five IOCs with offshore experience and capital—Eni, Harbour, Talos, Wintershall Dea and Woodside—continue to pursue promising opportunities offshore Mexico despite the country’s energy sovereignty push in favor of state-owned entities Pemex and CFE.
New Mexican President, Same Reliance on Permian Gas
While Sheinbaum leans toward a stronger Pemex, U.S. producers are likely to maintain their relevance in Mexico.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
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.