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Global Industries awarded $40 million pipeline project by PEMEX

Mexico gets aggressive on oil and gas

■ PEMEX Petrochemicals reports higher production

Mexico’s high court upholds closure of state-owned utility

Service company releases two Savanna drilling rigs in Mexico

Safe Lancia secures bareboat contract extension

■ SENER: PEMEX has no plans to build refinery with Reliance Industries

■ CEESP proposes studying need for new refinery in Mexico

First cargo of Peruvian natural gas shipped to Mexico

Abengoa, GE invest $180 million in Mexico power plant |

LATEST NEWS

Mexico

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PEMEX confiscates 120,000 liters of stolen fuel
On December 5, 2007, Mexico’s state oil company, Petroleos Mexicanos (PEMEX), announced it had confiscated some 120,000 liters of stolen fuel.

Pemex Ramps Up Cantarell Gas Output to Help Oil Production
Mexico's giant Cantarell oil field has been a sore spot for state-run oil giant Petroleos Mexicanos ever since output began to fall in 2004.

PEMEX losing $400,000 per day due to accident at Kab-121 well
Mexico’s state oil company, Petroleos Mexicanos (PEMEX), is recording daily losses of $400,000 due to a crude oil leak at the Kab-121 well located in the Campeche Sound.

Pemex to finish Chelem Deepwater well in February 2008
State oil monopoly Petroleos Mexicanos plans to finish the Chelem well in the Gulf of Mexico in February, the latest step in the company's deepwater exploration campaign, a company executive said.

PEMEX: Oil leak might take months to fix
An oil platform leak that has spilled thousands of barrels of crude into the Gulf of Mexico could take several more months to repair, state oil monopoly Petroleos Mexicanos said Wednesday.

PEMEX begins dismantling damaged oil rig
Mexico's state-run oil company has begun dismantling a damaged oil drilling rig off the Gulf coast because heat from near-constant fires have made the structure unstable.

Enel to acquire three hydroelectric plants in Mexico
The Italian electricity company, Enel, announced it will acquire three hydroelectric plants located in Mexico from the American investment fund Conduit Partners.

PEMEX restores much of its oil production
Mexico's state-owned oil company Petroleos Mexicanos said Wednesday it has restored all but about 300,000 barrels of oil production after storms in the Gulf of Mexico.

Concamin President: Higher gas costs to hamper competitiveness in Mexico
A new regulation that Mexico’s Energy Regulatory Commission (CRE by its Spanish acronym) wants to bring into effect regarding the terms and conditions related to the sale of natural gas in Mexico will imply an 7% increase in the cost of energy, announced the president of Concamin, Ismael Plascencia.

PEMEX October oil output down 5.6% Y-O-Y
Petroleos Mexicanos, the state-owned oil monopoly, said daily crude-oil production fell 5.6 percent in October from a year earlier after the company temporarily shut some offshore wells because of bad weather.