Pemex aims to reach an output of 1.95 million
barrels per day this year.
Pemex's most advanced deepwater project is the multi-billion-dollar Trion project,
operated by BHP Group.
Paraiso, or“paradise,”
is the Tabasco town where Barrera grew up and worked at a Pemex port.
Paraíso, or“paradise,”
is the Tabasco town where Barrera grew up and worked at a Pemex port.
Oil prices plummeted, forcing Pemex to cut his and thousands of other jobs across Mexico.
Pemex has to be cleaned up,
because if not, we're not going to have a top-flight company," he said.
Those familiar with the industry say it makes sense that criminals, not just victims,
could emerge from the Pemex payroll.
We are a family," they wrote in the letter,"dedicated to its work for Pemex at Dos Bocas," the port.
We are now prosecuting the case of three top Pemex officials… who were in charge of pipeline management,” Gertz said.
Current and former Pemex workers are at both ends of the crimes-
some as victims but others as instigators, participants or informants.
Pemex needs to perform a little bit better
… We must be moving in that direction like many(national oil companies) have done.”.
Earlier this year, Reuters reported how fuel thieves are crippling Mexico's refineries and
unleashing bloodshed in formerly calm centres of Pemex operations.
Earlier this year, Reuters reported how fuel thieves are crippling Mexico's refineries and
unleashing bloodshed in formerly calm centers of Pemex operations.
During a recent interview, Carlos Trevino, Pemex's chief executive, conceded
that employees are increasingly at risk because of their jobs and pay.
A colleague told Barrera's wife, who still works at Pemex, that suspicious men had been asking about her outside the office gates.
Lopez Obrador's government has shut off key
pipelines until they can be fully secured and deployed the army to guard Pemex production facilities.
Urzua had harsh words for Pemex, saying it was neither competitive
nor productive enough and adding that its trade union is"an icon of corruption.".
Lopez Obrador's government has shut off key pipelines
until they can be fully secured, and has deployed the army to guard Pemex production facilities.
Pemex has posted losses in its refining division for years
but Lopez Obrador aims to boost crude processing enough to halt imports within three years.
Pemex has yet to produce oil from deepwater projects on its side
of the Gulf of Mexico despite more than a dozen years of exploring.
In Tabasco, Pemex let go 1,857 workers, or roughly 12 percent of
the 16,000 jobs the state shed between 2014 and 2016, according to government data.
However, industry experts and ratings agencies are pressuring Pemex to change course before Lopez Obrador finalizes
a new business plan for Pemex expected later this month.
Now they want the government to restart the auctions initiated under a 2013-2014 energy opening, including those to select partners for
state oil firm Petroleos Mexicanos(Pemex).
Authorities have opened 1,700 individual investigations for fuel theft, which became a massive black-market industry in Mexico under previous governments,
involving powerful drug cartels and corrupt Pemex insiders.
Once the CNH confirms the shared nature of the reservoir,
SENER would then instruct the Consortium and Pemex to present a Unitization Agreement, which is currently being negotiated.
Speaking at an oil conference in London,
Carlos Trevino pointed to a call by the head of Mexico's National Hydrocarbons Commission to float a minority stake in Pemex.
Besides Cantarell III and IV, Keppel FELS also delivered Cantarell I and Cantarell II to Grupo R in 2016,
which have been achieving record uptimes for Pemex in Mexico.
The deal, which covers territory in the shallow
waters of the Gulf of Mexico, is the first of its kind for Pemex and will be in force for two years.
In all, authorities have opened 1,700 individual investigations for fuel theft, which became a massive black-market industry in Mexico under previous governments,
involving powerful drug cartels and corrupt Pemex insiders.
But before the IPO can happen, the new projects Pemex is working on with international oil companies such as Shell
or Chevron have to improve costs, production and reserves numbers,