(Pemex, 10.Aug.2015) – The Second Joint Civil Court of the Third Circuit, based in the city of Guadalajara, granted the appeal filed by Pemex thus declaring the absence of damages claimed by the company Bardahl de México SA de C.V. The above sentence is of utmost importance in the context […]
Category: Mexico
Mexico energy
Pemex Dismantles Group With Conflict
(Pemex, 6.Aug.2015) – Pemex dismantles group composed of companies and public officials that had a conflict of interest in million-dollar contract. An investigation carried out by the Unit of Responsibilities of Pemex’ Internal Control Unit, led to the identification and acknowledgement of the participation in unlawful acts of Pemex Exploration […]
Pemex, Union Agree to Review Collective Deal
(Pemex, 30.Jul.2015) – Pemex and the Petroleum Workers Union of the Mexican Republic (STPRM) agreed to an extension in reviewing the Collective Bargaining Agreement (CBA) that will regulate the employment relationships in the biennium 2015-2017. All topics of the CBA stated by both parties have been reviewed and agreed upon, […]
Pemex Signs With Santander for Banking Services
(Pemex, 28.Jul.2015) – Pemex and Banco Santander signed a collaboration agreement to provide credit and banking services to gas stations comprising the network of service stations nationwide. The agreement will provide Pemex franchisees access to banking services as Point of Sale (POS) systems, referenced deposits, electronic banking, payroll, transfer and […]
Pemex to Supply Isthmus Crude to Japan
(Pemex, 24Jul.2015) – Pemex, through P.M.I. Comercio Internacional (PMI), and the largest refining company in Japan, JX Nippon Oil & Energy Corporation, agreed to ship 6 MMbbls of Isthmus crude oil through 6 cargoes beginning in Aug.2015 and until Jan.2016, from the Salina Cruz maritime terminal located in the state […]
Pemex, Sedatu Sign Cooperation Agreement
(Pemex, 22.Jul.2015) – Pemex and the Ministry of Agrarian, Land and Urban Development (SEDATU), through the Agrarian Attorney’s Office (PA), signed a Cooperation Agreement to establish mechanisms for information, advice and training so that the hydrocarbon exploration, extraction and transportation projects are carried out according to the legal framework and […]
Pemex, OECD Promote Best Procurement Practices
(Pemex, 20.Jul.2015) – Pemex, through its Corporate Office of Procurement and Supply, signed an agreement with the Organization for Economic Cooperation and Development (OECD) that will enable Pemex to adopt the best international practices in procurement, and promote the efficient and transparent management in its processes. This agreement comprises a […]
Pemex Cogeneration And Services BODs Installed
(Pemex, 30.Jun.2015) – The organic statute containing the organization and functions of the new productive state¬-owned subsidiary Pemex Cogeneration and Services was approved during the installation session of the Board of Directors. The statute will become effective after its publication in the Official Gazette of the Federation. This is one […]
Pemex Attends Contingency at Akal-H Platform
(Pemex, 22.Jun.2015) – Specialized Pemex staff is taking care of the oil and gas leakage incident that occurred in the satellite platform Akal-H in the Campeche Sound. Fortunately, there are no injuries to report. The three workers carrying out a routine inspection were evacuated in a timely and secure manner […]
Pemex, STPRM Review Collective Labor Deal
(Pemex, 16.Jun.2015) – Petróleos Mexicanos (Pemex) and the Petroleum Workers’ Union (STPRM, Sindicato de Trabajadores Petroleros de la República Mexicana, for its acronym in Spanish) started negotiations for the revision of the Collective Bargaining Agreement 2015-2017, which will come into force on 1.Aug.2015. Emilio Lozoya, CEO of Pemex, stated that […]
Environmental Protection Key Pemex Element
(Pemex, 14.Jun.2015) – Maintaining or improving competitiveness in the oil industry will increasingly require a better environmental performance. Therefore, environmental protection is currently one of the key elements in the company’s business strategy along the value chain, Emilio Lozoya, CEO of Petróleos Mexicanos (Pemex), stated at the “Pemex-2015 5th Environmental […]
Pemex Finds New Oil Deposits in GOM
(Pemex, 10.Jun.2015) – Emilio Lozoya, CEO of Petróleos Mexicanos, announced the first hydrocarbon discoveries made took advantage of the new tools provided by the Energy Reform. This is the first tangible result in exploration activities, after the approval of the reform in Aug.2014. Taking into account the short period for […]
Mexican Petroleum Congress Opens
(Pemex, 10.Jun.2015) – The Ministry of Energy (SENER), Pedro Joaquín Coldwell, opened the 10th Mexican Petroleum Congress at the Guadalajara Expo, which brought together 270 national and international companies with more than eight thousand participants from 12 countries. The event was attended by the CEO of Pemex, Emilio Lozoya, and […]
Pemex, Blackrock Sign MOU to Develop Infrastructure
(Pemex, 6.Jun.2015) – Petróleos Mexicanos and BlackRock signed a Memorandum of Understanding (MOU), in order to accelerate the development and financing of energy infrastructure projects that are considered a strategic priority for Pemex. The agreement was signed by Pemex’s CFO, Mario Beauregard, and the Global Manager of BlackRock Infrastructure, Jim […]
Pemex Presents Safety, Health Strategy for 2015-2025
(Pemex, 28.May.2015) – Petroleos Mexicanos presented its Safety, Health and Environmental Protection Strategy 2015-2025 (SSPA, for its acronym in Spanish) which outlines actions to strengthen safety and reliability culture of operations in a safe and efficient manner enabling greater productivity. After pointing out that Pemex is on the verge of […]
Pemex’s Successful Petroleum Coke Auction
(PEMEX, 22.May.2015) – Petróleos Mexicanos carried out, for the third time, an online auction of partial lots of petroleum coke from the “Gral. Lázaro Cárdenas”, refinery located in Minatitlán, Veracruz. Pemex Refining carried out the auction along with the support of Regional Market Makers de México, S. de R.L. de […]
Mexico Sweetens Terms to Entice Development
(First Titan Corp., 26.Mar.2015) – As First Titan Corp. targets undervalued energy assets across North America for acquisition and development, Mexico is sweetening its tax terms to help attract energy companies south of the border. The Financial Times reported this month that the country is holding its first competitive tender […]
McDermott to Install Pemex’s Ayatsil Platform
(McDermott International, Inc., 6.Jan.2015) – McDermott International, Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (PEMEX) in the Bay of Campeche Ayatsil field offshore Mexico. The value of the award is included in McDermott’s […]
Sierra Oil & Gas Announces Commitment of $525 million
(Sierra, 18.Sep.2014) — Sierra Oil & Gas S. de R.L. de C.V., Mexico’s first independent exploration and production company, today announces that it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record […]
Brazil, Venezuela, and Mexico: Three Ways To Nationalize Oil
(CSMonitor, 12.May.2012) — Argentina’s renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and Venezuela show that outcomes can vary widely. “Nationalization is an old story in Latin America,” says Larry Birns, director of the Council on Hemispheric Affairs. […]