Oil & Gas
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TA3FMRONTJAPVGNDKUXCBUMOP4.jpg "Private Oil Companies In Mexico Fall Short of Production Targets for 4th Year Running")
Private Oil Companies In Mexico Fall Short of Production Targets for 4th Year Running
Private companies reported production of 102,750 barrels of crude oil per day in 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VJVM7IZLCRBZZISMPEZBAJT22U.jpg "Oil Rig That’s Falling Behind Costs Brazil $1 Million a Day")
Oil Rig That’s Falling Behind Costs Brazil $1 Million a Day
Petrobras and other explorers have had little success over the past decade exploring Brazil’s basins off its southern coast
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/OEZE5E2TYBEX7MHAMKIDYI6J6Y.jpg "As Pemex Faces $10 Billion in Bond Payments, the Government Draws a Line")
As Pemex Faces $10 Billion in Bond Payments, the Government Draws a Line
While President Andres Manuel Lopez Obrador promises his government would step in to help the company if necessary, the Finance Ministry expects Pemex to foot the bill in the first quarter
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FYMCFHUJTNFN7JG3MFDHTG4F2Y.jpg "Pemex Evaluates Debt-Payment Alternatives With Finance Ministry Amid Weak Production")
Pemex Evaluates Debt-Payment Alternatives With Finance Ministry Amid Weak Production
Petróleos Mexicanos is the world’s most indebted oil major, with financial debt of $105 billion
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EFE7ZCGZFJCP7BW7GLIRGZODBI.jpg "Lula’s Populist Strategy Shift Worries Petrobras Investors as Oil Giant Shares Tank")
Lula’s Populist Strategy Shift Worries Petrobras Investors as Oil Giant Shares Tank
Petrobras spent an estimated $40 billion subsidizing motor fuels the last time Lula’s Workers’ Party was in power, causing it to become the world’s most indebted oil company
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/G662MGR7CBEFHAMEGKFOTNNB6Q.jpg "Exclusive: Mexico Prepares Environmental Framework for Future Fracking")
Exclusive: Mexico Prepares Environmental Framework for Future Fracking
In an interview with Bloomberg Línea, the director of the country’s environmental regulatory agency ASEA spoke about the possibility of fracking starting during the next federal administration
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6PDRUFX7NRDIBGLUP5KFETTGS4.png "What to Expect from Jean-Paul Prates as the New Petrobras’ CEO")
What to Expect from Jean-Paul Prates as the New Petrobras’ CEO
Ending the sale of refineries, reducing dividends, and focusing on renewable energy are some of the guidelines that should guide the management of Brazil’s largest state-owned company
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5ULPBOJH6RDNDDYVURFDYUPUJQ.jpg "Mexico’s Pemex Plans to Begin Production at Zama Offshore Field In 2024")
Mexico’s Pemex Plans to Begin Production at Zama Offshore Field In 2024
Mexico’s state oil company expects to begin production at the field before the end of President Andrés Manuel López Obrador’s six-year term in office, which ends in December 2024
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VH6Y3BQ6WZEHPPWAOECOITVB3Q.jpg "Exclusive: Argentina’s Néstor Kirchner Gas Pipeline Still Facing Financing Shortfall")
Exclusive: Argentina’s Néstor Kirchner Gas Pipeline Still Facing Financing Shortfall
The Argentine government had assured it had secured the loans to build the second phase of the infrastructure, but there are still hurdles to be overcome
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VBCLOB7LTJAGBB7B6V4LPMRBHE.jpg "Exclusive: Repsol to Develop 2 Mexican Deepwater Fields, Boosting Oil Production")
Exclusive: Repsol to Develop 2 Mexican Deepwater Fields, Boosting Oil Production
The Spanish company is analyzing a third oil well in deepwater Gulf of Mexico