By KELIN DILLON According to data from Mexican Congress’ approved budgets for Petróleos Mexicanos (Pemex), the state-owned gas company could be putting the lives and wellbeing of its employees and the populations residing near Pemex drilling sites at risk due to a lack of continual maintenance within the company’s infrastructure. While figures from 2018 show 17.26 billion pesos in budget
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PULSE NEWS MEXICO Mexico’s Energy Regulatory Commission (CRE) on Friday, May 27, fined Iberdrola Energía Monterrey an exuberant amount of 9,145,388,400 pesos for the sale of energy to customers that were not original partners in its self-supply permit. When Iberdrola opened the plant in question, its total investment was 9 billion pesos, that is 145,388,400 less than the fine imposed
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OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
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By THE PULSE NEWS MEXICO STAFF After it was revealed by the daily newspaper Reforma that Carmelina Esquer Camacho, director of Pemex Procurement International (PPI), a Texas-based subsidiary of Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex), had acquired a residence in Houston valued at more than $400,000 (equivalent to about 8 million pesos) in late 2020, repeated requests to make
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By KELIN DILLON In the recently released 2022 edition of Brand Finance’s Oil & Gas 50, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) fell from 16th to 20th place in the rankings of the world’s 50 largest oil companies. The drop stems from Pemex’s 6 percent reduction in valuation from 2021 to 2022; while the Pemex brand was valued at
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By THE PULSE NEWS MEXICO STAFF In the month of April, Mexico’s state-owned oil company Petróleos Mexicanos’ (Pemex) debt to suppliers increased by more than 84 percent compared to the previous month and to almost twice the comparable figure five months ago. According to the company’s own statistics, released in a quarterly report, Pemex’s debt to suppliers and contractors went
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OPINION By ALEJANDRO ENVILA FISHER After a resounding failure to pass his controversial electricity reform bill in the April 17 vote at the Chamber of Deputies, Mexican President Andrés Manuel López Obrador (AMLO) and his leftist, in-power National Regeneration Movement (Morena) party have set their aim on yet another target: the opposition. That campaign is gaining traction by Morena further
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What Money Can Buy
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By THE PULSE NEWS MEXICO STAFF With the government’s new Dos Bocas oil refinery slated to open in July and the expanded operations of the Paraíso refinery in Tabasco, President Andrés Manuel López Obrador (AMLO) said Tuesday, April 12, that Mexico will be self-sufficient in gasoline, diesel and turbine fuel production by the year 2023. Speaking during his quarterly State
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By THÉRÈSE MARGOLIS Mexico’s Attorney General’s Office (FGR) changed its mind at the last minute — as it has in the past — leaving former Petróleos Mexicanos (Pemex) Director Emilio Lozoya still in prison on Tuesday, April 12, after having negotiated his release in exchange for returning $10.7 million to the state-run oil giant. Late Monday, April 11, Mexican Federal
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