Petróleos Mexicanos (PEMEX)

Informantes colaboran con Auditoría Superior de la Federación.

El Financiero: invertirá Pemex más de uno punto ocho billones de pesos hacia 2030.

Fortalecer la actividad en hidrocarburos y modernizar infraestructura, objetivos.

El Economista: alcanza producción de autopartes valor récords.

And I was jokingly asking a friend of mine, because they have something called the huachicol.

It's like the narcos who organize crime that steal, siphon the oil from Pemex and resell it cheaper for cash.

And I had a friend told me where you can get some.

But it's funny, the night I saw the government in the news, they're coming after the ringleaders of those people selling the bootleg gas.

You know, we've been fighting against trying to get ethanol into their state-owned fuel industry.

their state-owned oil company, Pemex.

And so this is great news and something that's just been, it's been a long time coming.

It'll be great for the Mexican people and environmentally, being able to replace MTBE with ethanol and a great market for us.

It has a capacity of 1.5 million barrels per day.

Mexico's state-owned energy giant Pemex reported a net loss of 10.8 billion Mexican pesos, or $605 million, in the third quarter, compared to a net loss of 61.2 billion pesos, or $3.3 billion during the same quarter last year.

The net loss stemmed from several factors, including higher costs tied to derivative financial instruments, which totaled 8.9 billion pesos.

The company also was affected by higher product purchases, higher taxes and duties, and a foreign exchange loss.

However, most of that money goes to oil, not electricity.

In the 2027 budget proposal, Pemex accounts for 25% of federal physical investment and CFE just 6%.

CFE's MX $61 billion of physical investment is a 3.6% real cut from 2026 and a fraction of the more than MX $980 billion its official expansion plans require.

Moreover, an IMCO study found that the government's electricity plan assumes demand will grow at roughly half the annual rate required to meet Plan Mexico's goals.

It is probable that the White House is shaping the conflict in preparation for further action that will lead to the change of government in Havana.

Now, key indicators here are a total grid collapse lasting more than 72 hours, increased maritime departures from Cuba, US Coast Guard reporting increased interdictions in the Florida Straits, and resumption of fuel shipments from Pemex in Mexico or any other supplier.

Now, uh, Jared, do you have any further comments on Cuba before we move into, uh, the Canadian summit?

Nope.

And so what the government will do is go and just negotiate with the head of the Teachers union and make a deal and maybe they'll get political support or votes or whatever.

And then they'll go in or they control the state petroleum industry, which is Pemex in Mexico, for example.

And then they'll say, OK, you're going to do that.

All right.

Friday, October 30, 2026.

Fix you, can a massive ultra-deepwater project with Woodside Energy help turn Pemex around? Published by Housley Carr.

Petroleos Mexicanos, Mexico's state-owned oil and gas company, has been mired in debt and plagued by operational and other challenges for many years, but a high-profile joint venture, or JV, with Australia's Woodside Energy may, emphasis on may, signal the beginning of a turnaround.

The $7.2 billion, 100,000 barrels per day Trion project, Pemex's first ultra-deepwater development, is proceeding on schedule and on budget and is slated to deliver its first oil in 2028.

In today's RBN blog, we'll discuss Pemex's troubled past, and present, and why its Trion oil project JV with Woodside, and the prospects for more partnerships with Woodside and Brazil's Petrobras in the Deepwater Gulf, could help.

Established in 1938 with Mexico's nationalization of 17 foreign-owned oil and gas producers, Pemex's initial focus was onshore production, mostly in Tabasco, Veracruz and Chiapas states in southeastern Mexico.

By the 1960s, its crude oil output there was topping 300,000 barrels per day.

But a big discovery was in the making.