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

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

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

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

Pemex’s total sales were 7.7% lower than in third-quarter 2023. “Due to our passive position in foreign currency, motivated by our current financing, an exchange loss of 130 billion pesos was recorded ...

Mexico's state-owned oil company is drowning in a sea of cheap oil. Pemex, as the oil giant is known, is suffering from a steep decline in production that has been exacerbated by the crash in crude.

Furthermore, oil platforms in Mexico saw some of the country’s worst outbreaks of Covid-19 during the height of the pandemic. Pemex saw more Covid-19 deaths than any other company in Mexico, and the ...

We need to see what happens with the oil price and the company’s production, but the problems are still there.” Pemex’s financial woes have continued to mount despite the government’s move to open up ...

The total financial debt of Mexico's state-owned oil company Pemex totaled $106.8 billion at the end of last year, according to preliminary data released by the country's president on Wednesday.

MEXICO CITY, Oct 3 (Reuters) - Mexican state oil company Pemex has issued $4 billion in bonds and repurchased debt worth $1.5 billion as part of a plan to strengthen its finances, Chief Financial ...

Mexican state oil firm Petroleos Mexicanos said on Tuesday it has issued $5.0 billion in bonds with 11-year and 40-year maturities, which it will use to refinance existing debt.