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LATEST NEWS |
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| Mexico | [Back] |
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- 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.
- PEMEX still grappling with disaster
Workers were still battling a nightmarish combination of gas and crude leaks, fires and oil slicks at a damaged Gulf oil platform on Wednesday, almost a month after it was damaged in an accident that killed at least 21, an official said.
- Pemex Says Leaking Oil Well Catches Fire
Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said that fire broke out at an offshore well where workers are attempting to plug a leak caused last month by a rig colliding with another platform.
- PEMEX to spend $470 million on oil technology
Mexico plans to invest 5 billion pesos ($470 million) in technological development to aid its oil and gas search over the next five years, state-owned energy company Pemex said on Tuesday.
- Mexico, PEMEX could be drowning in a sea of oil
There was little surprise as the news of yet another hike in oil prices hit the trade airwaves this week. Many specialists had already predicted the probable increase, and most highly developed nations hurriedly made adjustments to amend the impact to their “oil poor, oil hungry” dependant economies
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