Petroleos Mexicanos News
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Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico.
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Petroleos Mexicanos, the world’s fourth-largest oil producer, posted a first-quarter loss after higher costs on employee benefits that are prompting pension renegotiations with the union.
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Upgrading Mexico’s rating would be “very difficult” if it doesn’t pass a comprehensive bill to boost tax revenue, said Alberto Jones, who heads Moody’s Investors Service in Mexico.
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Mexico needs to change the constitution to open the energy industry to more private investment, a proposal likely to be debated in the second half, according to the top lawmaker on the Senate’s energy committee.
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Petroleos Mexicanos said it started up its $530 million, 300 megawatt cogeneration power plant, part of a plan to become self-sufficient in energy generation.
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President Enrique Pena Nieto’s bid to reform tax and energy laws is directing investors’ attention toward Mexico’s economic prospects and away from its six-year drug war.
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Mexico’s National Action Party supports a possible constitutional change to open the state- controlled oil industry to more private investment and will work with other parties to pass such legislation, according to the PAN’s top senator on the energy commission.
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Petroleos Mexicanos, the world’s fourth-largest crude producer, plans to borrow as much as $9.8 billion this year, according to a quarterly presentation filed by the state-owned company.
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Petroleos Mexicanos, Latin America’s biggest oil producer, sold 10 billion pesos ($734 million) of fixed-rate bonds, according to two people familiar with the transaction.
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Petroleos Mexicanos, the world’s third-largest oil producer, is offering a benchmark issue of dollar-denominated bonds.
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