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

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.

4:59 PM UTC Mexico's Pemex plans to export less crude oil as new refinery starts up, official says The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil ...

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 the Zama field, located in the Gulf of Mexico ... gas per day at a cost of nearly $500m. "Pemex in talks with Carlos Slim on funding for oil and gas developments" was originally created ...

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 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 ...

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 ...

MEXICO CITY--Mexican state oil company Petróleos Mexicanos swung to a net loss in the first quarter on a decline in sales, higher financial expenses and a foreign exchange loss. Pemex posted a ...