Pemex Tag

Mexico’s state-run oil company Pemex announced on Friday the discovery of an oil field that could generate 500 million barrels of crude, making it the country’s biggest oil find in over 30 years. Pemex first discovered the Quesqui field, a 3P reserve, in the Southeastern state...

BHP Billiton (ASX:BHP) has signed a contract with Mexican state-owned firm PEMEX Exploration & Production Mexico (Pemex), which will advance work on the Trion discovery in the Gulf of Mexico. The Anglo-American company submitted a successful bid to work on the resource in December 2016, acquiring...

A number of the world’s largest oil companies have won bids to develop Mexico’s offshore oil deposits in a tender which could generate US$40 billion in investment. Oil giants such as Exxon Mobil, Chevron and China National Offshore Oil Corp all battled it out as eight...