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Reuters.com 09/13/2019 09:25
Asked about concerns that a recent capital injection to the heavily-indebted Pemex would not be sufficient, Lopez Obrador pointed to the fact that a $7.5 billion Pemex bond placement on Thursday was more than five times oversubscribed.
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El Universal (Mexico) 09/12/2019 17:52
Pemex's new strategy Pemex will offer a new set of oilfield service contracts to interested firms, the Finance Minister said on Tuesday, as it embarks on the challenge of ramping up production by 17% to meet 2020 budget targets ...
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FP Trading Desk (Canada) 09/12/2019 17:22
MEXICO CITY — After a $5 billion government lifeline to pay off debt, Mexico’s struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said.
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Mexico News Daily 09/12/2019 12:49
The federal government will give Pemex a US $5-billion cash injection so that the beleaguered state oil company can reduce its debt.
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The government of Mexico will contribute equity in the national currency equivalent to $5 billion to Petroleos Mexicanos (Pemex),” the Finance and Public Credit Secretariat said in a statement.
More from Latin American Herald Tribune:
The federal government said Wednesday that it was pumping $5 billion in capital into Petroleos Mexicanos (Pemex), bolstering the balance sheet and providing the state-owned oil company with financial stability.
More from Agencia EFE (EFE News) (Spain):
Financial Post (Canada) 09/10/2019 09:12
MEXICO CITY — Mexico’s Finance Minister Arturo Herrera said on Tuesday that state-oil firm Petroleos Mexicanos, known as Pemex, is exploring 15 so-called integrated exploration and extraction contracts, a type of public-private partnership. Herrera said in a radio interview with Televisa that a bidding process for the contracts would be opened between November and the […]
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OilPrice.com 09/09/2019 12:30
Mexico will hedge its oil production against low prices, the government said in its budget proposal for next financial year, and Pemex will conduct its own hedge.
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