This move comes as the company faces challenges in meeting the Mexican Government's production target of 1.8mbbl/d.

MEXICO CITY (Reuters) -Pemex, Mexico's heavily indebted state energy company, reported an 11.3% drop in first-quarter production of crude and condensate on Wednesday as falling sales and foreign ...

Pemex did not immediately respond to a request for comment. Mexico has more than 31,000 wells both onshore and offshore, and about a third of them are closed, data shared with Reuters showed.

MEXICO CITY (Reuters) -Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four ...

In a filing with Mexico's stock exchange, Pemex, one of Mexico's largest companies, attributed the production slump to the decline of mature wells and delays in new well completions. Sign up here.

Pemex didn't immediately respond to an inquiry for comment. Mexico has over 31,000 onshore and off shore wells, but about a third are closed. Data shared showed. Over 4,800 wells have been deemed ...

Mexico's state energy firm Pemex said that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco. In ...

MEXICO CITY (Reuters) -Pemex, Mexico's heavily indebted state energy company, reported an 11.3% drop in first-quarter production of crude and condensate on Wednesday as falling sales and ...

Pemex boats tow floating booms to contain and clean up oil floating on the surface in the Gulf of Mexico. (Luis López/Cuartoscuro) State oil company Pemex has reportedly repaired two pipeline ...

MEXICO CITY (Reuters) -Pemex, Mexico’s heavily indebted state energy company, reported an 11.3% drop in first-quarter production of crude and condensate on Wednesday as falling sales and ...

The fund's ethics watchdog, the Council on Ethics, said "its investigations have revealed that Pemex may be linked to multiple allegations or suspicions of corruption in Mexico in the period 2004-2023 ...