Reuters - Pemex will boost capacity at its biggest refinery, Salinas Cruz, by around 9 percent or 30,000 barrels per day (bdp) once a $4 billion expansion is completed in 3-4 years, Miguel Tame, the head of its refining arm said.Energy
Oil slips to below $79 a barrel on Europe concerns
Associated Press - The price of oil fell below $79 a barrel Monday due to concerns over Europe’s economic and financial woes. The drop was limited somewhat by a supply disruption from a storm that shut downa quarter of crude output in the Gulf of Mexico.
Crude oil output is steady in May
Reuters - Mexico's state oil monopoly Pemex said crude oil output in May was 2.542 million barrels per day (bpd), little changed from the 2.540 million bpd produced in April.
www.reuters.com/article/2012/06/22/mexico-oil-idUSL2E8HMAYV20120622
Pemex awards 2nd round of mature oil field contracts
Reuters - Mexico's state oil monopoly Pemex awarded four contracts to drill mature oil fields in the second round of bidding to open up the country's nationalized oil industry to more private investment.
in.reuters.com/article/2012/06/20/mexico-oil-panuco-idINL1E8HJ8LC20120620
Pemex to revise Chicontepec project
Reuters - Mexico's state oil monopoly Pemex will revise its key Chicontepec oilfields project, seen as crucial to boosting output in coming years, and might also adjust its overall investment plans, a Pemex adviser told Reuters.
in.reuters.com/article/2012/06/15/mexico-oil-idINL1E8HFHXS20120615
Pena Nieto faces stiff test on oil reform
Reuters - To rescue Pemex, presidential front-runner Enrique Pena Nieto has pledged to open up the firm to more private investment. But if he wins the July 1 election as expected, Pena Nieto will have a fight on his hands trying to change Pemex.
www.reuters.com/article/2012/06/12/us-mexico-oil-idUSBRE85B16M20120612
Comptroller says no fraud committed at Pemex
Reuters - Mexican authorities said that state oil monopoly Pemex had not hidden losses of $30 billion, quashing accusations from opposition lawmakers in the run up to a presidential election in which overhauling the firm is set to be a key issue.
www.reuters.com/article/2012/06/07/mexico-pemex-idUSL1E8H711420120607
Pemex says Chevron looking at Mexico's mature oil fields
Dow Jones- Chevron Corp. is interested in developing matured oilfields off the coast of Mexico that are part of state-run oil firm Petroleos Mexicanos's second contract auction, according to public documents posted by Pemex on its website.
www.nasdaq.com/article/chevron-looking-at-mature-oilfields-off-mexico--pemex-20120604-00265
Alpek to build 85 MW power plant in Veracruz
Sentido Comun - Alpek, the largest petrochemical company in Mexico, plans to build a $130 million, 85 megawatt power plant Cosoleacaque in the state of Veracruz to generate electricity for a fiber and container factory.
Oil hedging costs rose 44 percent last year
Bloomberg - Mexico, the third-largest supplier of oil to the U.S., paid $1.17 billion last year to lock in prices for 2012 exports at $85 a barrel, a 44 percent increase compared to hedging costs paid the previous year.
www.businessweek.com/news/2012-05-25/mexico-oil-hedging-costs-rose-44-percent-last-year
Pemex denies any accounting irregularity
Fox News Latino - Mexico's state-owned oil monopoly Petroleos Mexicanos has denied any accounting irregularity after a congressional oversight body said it had identified a possible $30 billion fraud.
latino.foxnews.com/latino/politics/2012/05/09/mexico-pemex-says-no-irregularities-in-accounts/
