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PEMEX You might say Mexican state-owned petroleum company Pemex had a bad day Thursday. As Reuters reported, there were fires at three different facilities owned by the company — two in Mexico and one in Texas. And while there are still some unknowns, in an update, the wire service gives what details are known:(Reuters) – A Thursday night fire at Pemex’s 312,500 barrel-per-day (bpd) Deer Park, Texas refinery broke out in a crude distillation unit (CDU), said people familiar with plant operations.The sources did not know which of two Deer Park CDUs were hit by fire. The plant has a...

Oh boy, FOR ME there isn’t enough tinfoil folks. Then again, FOR US, we have previously been outlining the “watch Mexico in 2023” oil production and energy issue for several months now. Three oil refinery fires at three different facilities on the same day… isn’t good. Because it just seems to be too coincidental to be coincidental. MEXICO CITY, Feb 23 (Reuters) – Three fires broke out on Thursday at different facilities in Mexico and the United States operated by state-owned Mexican oil company Pemex, leaving five missing and eight others injured as of Thursday evening. (read more)Making tinfoil matters...

Mexico's state-owned oil company Pemex saw three fires in one day at three separate facilities that it operates in Mexico and the United States. Pemex reported on Thursday a fire at the storage facility Tuzandepetl in the state of Veracruz. The fire started in the drilling equipment for reasons that are yet unknown, the Mexican company said... Later on Thursday, the company said that there was a fire at the Minatitlán refinery in the same state, Veracruz. The fire was contained and later extinguished, but five workers were injured, Pemex said. The third fire in one day at a Pemex...

Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) in May agreed to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels per day (bpd), to Pemex (PEMX.UL), its long-time partner in the plant, for about $596 million.

PART 2 OF 3. The Hunter Biden Files Hunter Biden and his business partners were involved in discussions about possible deals in dozens of foreign countries, often corrupt backwaters, at times invoking official channels like ambassadors, emails reviewed by The Daily Wire show. While most attention has focused on Ukraine, where a gas company paid the now-president’s son tens of thousands of dollars a month while he was in deep crack addiction, and China, Hunter and his partners at a consultancy called Rosemont Seneca were eager to do business in a vast array of other places. The map below highlights...

MEXICO CITY, Oct 31 (Reuters) - At least one person was killed and over a dozen were injured when a pipeline of state oil firm Petroleos Mexicanos (Pemex) exploded in the central Mexican state of Puebla after it was breached by suspected fuel thieves, authorities said on Sunday. Alerted to a gas leak, the Puebla state government said it had averted a higher death toll by evacuating residents from the site in the San Pablo Xochimehuacan municipality before three explosions occurred, wrecking between 30 and 50 homes.... some 1,400 rescue workers had been mobilized....

The leak near dawn Friday occurred about 150 yards (meters) from a drilling platform. The company said it had brought the gas leak under control about five hours later. But the accident gave rise to the strange sight of roiling balls of flame boiling up from below the surface of the Gulf of Mexico.

The floor of the Gulf of Mexico is one of the most geologically interesting stretches of the Earth’s surface. The gulf’s peculiar history gave rise to a landscape riddled with domes, pockmarks, canyons, faults, and channels — all revealed in more detail than ever before by a new 1.4 billion-pixel map. This striking view of the ocean floor off the coasts of Louisiana and Texas was created by a government agency you’ve likely never heard of called the Bureau of Ocean Energy Management (BOEM). The bureau’s job is to manage exploration and development of the country’s offshore mineral and energy...

Mexicans have endured a week of gas shortages as the government takes drastic action to combat narco fuel thieves. Several states in the center of the country, including the capital Mexico City, have seen hundreds of petrol stations closed and long lines at those left open. {snip} The government of Andrés Manuel Lopez Obrador, known as AMLO, has cut off the gas supply in a number of key pipelines transporting fuel from refineries. The aim is take the fight to the "huachicoleros" as the fuel thieves are known. Many are affiliated with larger drug cartels, who for years have been...

Mexicans are scrambling for gasoline amid long lines at gas stations and widespread shortages prompted by a change in distribution methods aimed at stemming fuel theft. State oil company Petroleos Mexicanos said the use of more secure transportation methods has resulted in delays for fuel delivery to gas stations in the states of Guanajuato, Hidalgo, Jalisco, Michoacan, Mexico and Queretaro. It is urging consumers not to panic or hoard gasoline, promising that supply will soon stabilize. Pemex is trying to stem billions of dollars in losses from criminal gangs that tap pipelines to steal gasoline by instead transporting the fuel...

Many U.S. producers say they can turn a profit at $50 a barrel and even as low as $30 in the Permian’s most productive regions. Yet most OPEC members need prices ranging between $70 and $90 per barrel to balance their budgets. The cartel scaled back output in 2016, but shale producers roared back as prices recovered. *** Barack Obama, hilariously, is now claiming credit for the shale boom. “You know that whole suddenly America’s like the biggest oil producer . . . that was me, people,” he said last month at Rice University. But drilling leases on federal land...

Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within the next 19 years, Mohammed bin Salman said in a recent interview with Bloomberg. When asked whether Russia and Saudi Arabia had made a backroom deal to increase oil production, MbS was more tight-lipped, saying only that Saudi Arabia was “ready to supply any demand and any disappearing from Iran.” With Russia out of the game, Saudi Arabia would have plenty of oil demand to service, according to MbS. MbS...

Veteran leftist Andrés Manuel López Obrador took office as Mexican president on Saturday, vowing to see off a “rapacious” elite in a country struggling with corruption, chronic poverty and gang violence on the doorstep of the United States. Backed by a gigantic Mexican flag, the 65-year-old took the oath of office in the lower house of Congress, pledging to bring about a “radical” rebirth of Mexico to overturn what he called a disastrous legacy of decades of “neo-liberal” governments. “The government will no longer be a committee at the service of a rapacious minority,” said the new president, who is...

Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters reports, citing data released by the company. This is also one of the lowest monthly production rates since 1990 when records began. The decline was attributed to the natural depletion of mature fields, highlighting the urgent need for new production in the country. The outgoing government of Enrique Pena Nieto launched a sweeping reform in Mexico’s energy sector, one of its aims being to open up the local oil wealth to foreign operators in order...

A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker “Burgos” occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet. Mexico’s Navy said there were 31 crew members and that all had returned to port. […] The tanker was carrying 80,000 barrels of diesel and 70,000 barrels of gasoline, Mexico’s Communications and Transport Ministry said....

These days, the trend is not Pemex’s friend. Mexico’s loss-leading, debt-swamped, state-owned oil giant company announced that in July it had imported 554,000 barrels of oil a day — its highest monthly volume of imports since public records began in 1990. In total, two-thirds of all the oil Mexico consumed in July was imported — a staggering statistic for a country that until not so long ago was home to one of the largest oil fields in the world, the Cantarell. Pemex also acknowledged that its crude production fell a further 5% in July while its natural gas production shrunk...

It was just a matter of time before Pemex, Mexico’s chronically indebted state-owned oil giant, began dragging down the national economy it had almost single handedly sustained for over 75 years. The company has been bleeding losses for 13 straight quarters. As of December 31, it had $114.3 billion in assets and $180.6 billion in liabilities, a good chunk of it denominated in dollars, leaving a gaping hole of $66.3 billion (negative equity), after having been strip-mined over the decades by its owner, the government. And given these losses and the equity hole, new credit is becoming harder to come...

Mexico’s national oil company launched its first gasoline station outside of the country’s borders on Thursday in Houston, the first of several stations planned for the city. After Mexico opened its borders to foreign investment in the country’s oil fields in 2014, state-owned Petróleos Mexicanos, know as Pemex, has started to test its brand strength by competing in the U.S., with that effort beginning in Houston, said José Manuel Carrera Panizzo, the company’s chief of alliances and new business development. “We want to be put to the toughest test,” Carrera said of the competitive Texas gasoline market. “We’re trying to...

Mexico's state-run oil company Pemex reported a steep third-quarter loss on Wednesday of 167.5 billion pesos ($9.9 billion), well over double the 60 billion pesos loss in the same period last year, hurt by low oil prices and a weaker Mexican peso. It was Pemex's 12th consecutive quarter in the red. Accumulated losses during the first nine months totaled 352.6 billion pesos ($20.8 billion), more than double the loss for the same period the previous year. Pemex said crude output for the quarter was down 5.5 percent, and natural gas production dropped nearly 1.7 percent. Crude exports jumped 10 percent...

The U.S. has given Mexico final permission to import about 75,000 barrels of light crude per day from north of the border. In return, Mexico will send heavier crude to U.S. Gulf Coast refineries. The permit applies for one year.