Siemens settles long-running dispute with Mexico's Pemex

Last Updated: Saturday, March 14, 2015, 09:33

Germany`s Siemens AG said on Friday it settled a longstanding dispute with Mexican state oil company Pemex over two public contracts linked to a South Korean company.

Reliance inks pact to explore oil, gas opportunities in Mexico

Last Updated: Friday, December 5, 2014, 10:17

Reliance Industries has signed an oil exploration-to-refining deal with Mexico's national oil company Petroleos Mexicanos as it looks at overseas opportunities to overcome disenchantment back home.

Mexico Senate panels OK energy reform; leftists oppose

Last Updated: Tuesday, December 10, 2013, 05:26

Mexican Senate committees on Monday gave general approval to a draft energy bill allowing private investment in the world`s No. 10 oil producer in what would be the biggest opening of the state-controlled sector in its 75-year history.

Victim of Pemex explosion dies, death toll at 38

Last Updated: Saturday, February 9, 2013, 13:32

Mexico`s federal Health Dept says another person injured by last week`s explosion at the country`s state-owned oil company has died.

Explosion in Mexico’s state oil company kills 32

Last Updated: Friday, February 1, 2013, 09:05

Rescuers searched for survivors on Friday and authorities promised a thorough investigation after an office building blast killed 32 people and injured 121 at the headquarters of Mexico`s state-owned oil company, Petroleos Mexicanos.

Mexico makes biggest oil find in a decade

Last Updated: Tuesday, November 27, 2012, 10:31

The Navegante 1 field is about 20 km from Villahermosa, the capital of the southern state of Tabasco, and yielded light crude at a depth of 6,800 meters, Pemex officials told EFE.

Mexican oil firm posts net profit of $2.45 bn

Last Updated: Wednesday, October 31, 2012, 13:27

State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about USD2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011.

Mexican oil giant needs $25 bn in annual investment

Last Updated: Wednesday, February 8, 2012, 10:14

State-owned oil giant Petroleos Mexicanos, or Pemex, will "require annual investment and acquisitions" for its operations "exceeding 320 billion pesos (nearly $25.2 billion)" over the next few years, CEO Juan Jose Suarez Coppel said Tuesday.