By Amy Stillman (Bloomberg) -- Of all the companies around the world affected by Covid-19, none has disclosed a worse death toll than Pemex, Mexico’s state-owned oil producer. Petroleos Mexicanos, as it’s also known, said late Tuesday that 202 employees and five contractors have died of the disease so far. No other company has reported fatalities that come anywhere near that … [Read more...]
PEMEX Suspends Supplier Contracts, Triggering Job Losses
By Amy Stillman and Peter Millard (Bloomberg) --Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Petroleos Mexicanos has suspended contracts with at least eight local and international oil-service providers and suppliers … [Read more...]
Pemex Criticized Over Virus Handling as Offshore Worker Death Toll Soars
By Amy Stillman (Bloomberg) --When 62-year-old Tomas Morales registered a fever of 101.3 Fahrenheit on April 14, the doctor told him to self-isolate. But there was a problem: Morales was on an oil platform off the Mexican coast only reachable by helicopter, and he shared a bedroom with three other workers. Morales improvised, using a curtain to separate his bed from those of … [Read more...]
Pemex Seeks Control of U.S. Firm’s Billion-Barrel Find in Gulf of Mexico
By David Alire Garcia MEXICO CITY, Sept 30 (Reuters) - When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico's southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico's state-run oil firm Pemex wants to take over the lucrative project, according to two … [Read more...]
As Mexico’s Oil Sector Sputters, Crime and Violence Rattle Industry Towns
By Gabriel Stargardter PARAISO, Mexico, June 28 (Reuters) - Until recently, Edgar Barrera enjoyed a life many Mexicans could only hope for. In a few short years, the 36-year-old bookkeeper rose from handyman to white-collar worker at what seemed to be one of the most stable companies in Latin America: state-owned oil firm Pemex. Thanks to Pemex, Barrera met his wife, … [Read more...]