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All publications by tag «MEXICO»

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2019, November, 27, 11:35:00
PEMEX PRODUCTION DOWN
Output averaged 1.66 million barrels per day (bpd) last month, or about 50,000 barrels less than in September. Compared the same month last year, Pemex’s October oil output was down 5.5%.
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2019, November, 27, 11:30:00
IMF FOR MEXICO: $61 BLN
the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrrangement for Mexico under the Flexible Credit Line (FCL) in an amount equivalent to SDR 44.5635 billion (about US$61 billion [1] ) and canceled the previous arrangement. The Mexican authorities stated their intention to treat the arrangement as precautionary.
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2019, November, 8, 10:35:00
MEXICO'S ECONOMY GROWTH 1.3%
Mexico's economy growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. It is projected to recover to 1.3 percent in 2020 on the back of strengthening consumption and despite continued weakness in investment.
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2019, October, 23, 11:25:00
PEMEX BONDS UP
The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.
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2019, October, 16, 11:55:00
MEXICO'S GROWTH 0.4%
Mexico's economy growth is projected to reach 0.4 percent in 2019, and to accelerate to 1.3 percent in 2020
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2019, June, 28, 12:05:00
PEMEX LOAN $8 BLN
Mexican state oil company Pemex [PEMX.UL] signed an $8 billion syndicated loan with more than 20 banks to renew credit lines and refinance liabilities, President Andres Manuel Lopez Obrador said on Thursday.
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2019, April, 12, 11:05:00
SHELL SELLS MEXICO $965 MLN
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash.
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2019, February, 25, 11:50:00
PEMEX PRODUCTION DOWN TO 1.62 MBD
REUTERS - Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years.
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2018, December, 27, 17:30:00
PEMEX PRODUCTION DOWN
PLATTS - The downward trend in output from Mexico's state oil company Pemex continued in November as oil and gas production fell 2.7% and 2.3% respectively, from the previous month, company data showed Wednesday.
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2018, November, 30, 11:20:00
MEXICO'S GAS DOWN
U.S. EIA - Dry natural gas production in Mexico has fallen 38% since 2012 because of declining reserves, a low price environment, and limited exploration and production of new wells. Mexico’s dry natural gas production was 2.4 billion cubic feet per day (Bcf/d) in October 2018, according to Petróleos Mexicanos (PEMEX). This level is down 7% from year-ago levels, when production averaged 2.5 Bcf/d, and down 21% from two years ago, when production averaged 3.0 Bcf/d.