Additionally, the AMLO government modified the Hydrocarbons Revenue Law to address Pemex's liquidity issues by increasing the ...

The country’s fiscal deficit has doubled to 6% of GDP, with Pemex, the state-owned oil giant, holding nearly $100bn in debt.

Pemex’s production has been sliding for years. It produces about 1.8 million barrels of crude and condensates per day, around half its peak two decades ago. In a bid to reverse the decline, AMLO, as ...

AMLO’s profligate spending on programs such as cash transfers ... Adding to Sheinbaum’s financial woes is the pending fiscal bomb posed by Pemex, the state-owned energy company, which is set to cost ...

HOUSTON - A lawsuit has been filed against PEMEX and other companies following a deadly gas leak at their Deer Park refinery last month. The incident, which occurred on October 10, claimed the ...

The lawsuit, as reported by Reuters, was filed by three injured workers and accuses the gas company Pemex of negligence. Pemex, which stands for Petrelos Mexicanos, is a Mexican state-owned gas ...

DEER PARK, Texas — Three workers are suing PEMEX for injuries they sustained in the Deer Park refinery last week. Two contractors were killed and 35 others were treated after exposure to deadly ...

Mexican President Andrés Manuel López Obrador (AMLO) announced Thursday that he did not share his Brazilian colleague Luiz Inácio Lula da Silva's idea that Venezuela should hold fresh elections ...

MEXICO CITY, Oct 18 (Reuters) - Mexican state oil company Pemex (PEMX.UL) will curb the activity of its exploration and production arm in the last quarter of the year as it seeks to save up to 26. ...

Pemex declined to comment for this story. Former President Andres Manuel Lopez Obrador dumped up to $80 billion into the company via capital injections and tax breaks over his six-year term.

He added that Rodriguez has already “pointed out his biggest challenge: fixing Pemex's books ... energy independence narrative used by the AMLO [Andrés Manuel López Obrador] previous ...

The amount of crude Pemex pumps per employee has slipped to just under 14 barrels a day, less than any other Latin American state producer except Petroleos de Venezuela. Brazil’s state oil ...