Mexico's finance ministry announced an upcoming operation on Tuesday aimed at strengthening the finances of the country's ...

The use of an SPV will allow the Mexican government to avoid directly stepping in to support Pemex’s debts. The bonds will be ...

Halliburton has warned that payment delays from Mexico’s state-owned oil company Pemex are threatening the country’s oilfield ...

U.S. oilfield service provider Halliburton on Tuesday said Mexico's oil production decline rates are creating pressure for a ...

Mexico’s Finance Ministry announced Tuesday it will launch a new financial operation to support the country’s embattled state ...

Some of Pemex’s problems have a long history. In the 1970s after Cantarell, one of the world’s largest oil fields, was discovered in the Gulf of Mexico, Pemex was the motor of the Mexican economy.

Three fires broke out on Thursday at different facilities in Mexico and the United States operated by state-owned Mexican oil company Pemex, leaving five missing and eight others injured as of ...

Pemex's crude oil exports took a nosedive in January, plummeting by a staggering 44% compared to the same month last year. This drop, the steepest on record, is largely due to U.S. Gulf Coast ...

MEXICO CITY--Mexico plans a debt transaction in favor of Petróleos Mexicanos to shore up the finances of the state oil company and help it meet short-term obligations, the Finance Ministry said ...

So what happens next for Pemex? Its new leader, José Antonio Gonzalez, the former head of the Mexican social security institute (IMSS), is an effective technocrat who has a solid track record.

It might make things worse by removing market pressure. But it is an admission that Pemex can’t dig itself out of its $107 billion debt hole.

Mexico’s Pemex announced a $4.6 billion reconfiguration of its Tula refinery, saying the project was a better deal than moving forward on a new refinery nearby that previously had a price tag of ...