Showing 1 to 12 of 18 results
Mexico Raises $13.8 Billion to Rescue Pemex, Adding Fiscal Strain
The Mexican government issued $13.8 billion in bonds to refinance Pemex's debt, aiming to improve its credit rating but increasing fiscal pressure amidst social spending commitments.
Mexico Raises $13.8 Billion to Rescue Pemex, Adding Fiscal Strain
The Mexican government issued $13.8 billion in bonds to refinance Pemex's debt, aiming to improve its credit rating but increasing fiscal pressure amidst social spending commitments.
Progress
24% Bias Score
Former Pemex Director to Face Corruption Charges in Mexico After US Arrest
Former Pemex director Carlos Treviño Medina, who served under Enrique Peña Nieto, was arrested in the US and will be deported to Mexico to face corruption charges related to the Odebrecht case and other alleged offenses, according to Mexican President Claudia Sheinbaum.
Former Pemex Director to Face Corruption Charges in Mexico After US Arrest
Former Pemex director Carlos Treviño Medina, who served under Enrique Peña Nieto, was arrested in the US and will be deported to Mexico to face corruption charges related to the Odebrecht case and other alleged offenses, according to Mexican President Claudia Sheinbaum.
Progress
40% Bias Score
Mexico to Issue Bonds to Bail Out Heavily Indebted Pemex
Mexico's government will issue $7-10 billion in bonds to help Pemex pay its debts, using a trust to acquire US Treasury bonds and transfer their value to Pemex; this is part of a broader rescue plan.
Mexico to Issue Bonds to Bail Out Heavily Indebted Pemex
Mexico's government will issue $7-10 billion in bonds to help Pemex pay its debts, using a trust to acquire US Treasury bonds and transfer their value to Pemex; this is part of a broader rescue plan.
Progress
40% Bias Score
Pemex's \$20 Billion Debt Crisis Threatens Mexico's Oil Industry
Mexico's Pemex owes over \$20 billion to contractors and suppliers, resulting in 15,000 job losses, the suspension of 33 drilling rigs, and potential industry paralysis if not addressed promptly; the debt, accumulated over a year, impacts companies in Campeche, Tabasco, Veracruz, and Tamaulipas.
Pemex's \$20 Billion Debt Crisis Threatens Mexico's Oil Industry
Mexico's Pemex owes over \$20 billion to contractors and suppliers, resulting in 15,000 job losses, the suspension of 33 drilling rigs, and potential industry paralysis if not addressed promptly; the debt, accumulated over a year, impacts companies in Campeche, Tabasco, Veracruz, and Tamaulipas.
Progress
40% Bias Score
Shell Exits Direct Gasoline Sales in Mexico
Shell is selling its 139 gas stations and 11 convenience stores in Mexico to Iconn after seven years of operation, a decision influenced by government price controls and the company's broader strategic shifts, subject to regulatory approval.
Shell Exits Direct Gasoline Sales in Mexico
Shell is selling its 139 gas stations and 11 convenience stores in Mexico to Iconn after seven years of operation, a decision influenced by government price controls and the company's broader strategic shifts, subject to regulatory approval.
Progress
40% Bias Score
Norway Divests from Pemex Amidst Widespread Corruption Allegations
The Norwegian Government Pension Fund Global divested its $138 million investment in Pemex due to unacceptable corruption risks, citing numerous bribery allegations and insufficient transparency in Pemex's anti-corruption measures, including the unresolved case involving former CEO Emilio Lozoya and...
Norway Divests from Pemex Amidst Widespread Corruption Allegations
The Norwegian Government Pension Fund Global divested its $138 million investment in Pemex due to unacceptable corruption risks, citing numerous bribery allegations and insufficient transparency in Pemex's anti-corruption measures, including the unresolved case involving former CEO Emilio Lozoya and...
Progress
60% Bias Score
Mexican Oil Executive Arrested for Bribery, Missing Royalties
US authorities arrested Ramón Alexandro Rovirosa Martínez for allegedly bribing Pemex officials to secure a 30-year oil extraction contract in Veracruz, Mexico, generating at least $1.2 million in revenue within a year, with missing royalty payments for later sales.
Mexican Oil Executive Arrested for Bribery, Missing Royalties
US authorities arrested Ramón Alexandro Rovirosa Martínez for allegedly bribing Pemex officials to secure a 30-year oil extraction contract in Veracruz, Mexico, generating at least $1.2 million in revenue within a year, with missing royalty payments for later sales.
Progress
32% Bias Score
US Charges Mexican Oil Executives with $150,000 Pemex Bribery Scheme
Ramón Rovirosa Martínez and Mario Ávila Lizárraga, a former Pemex official, are accused by the US Department of Justice of paying at least $150,000 in bribes to Pemex officials between 2019 and 2021 to secure contracts worth at least 746 million pesos for Rovirosa's six companies, involving cash, lu...
US Charges Mexican Oil Executives with $150,000 Pemex Bribery Scheme
Ramón Rovirosa Martínez and Mario Ávila Lizárraga, a former Pemex official, are accused by the US Department of Justice of paying at least $150,000 in bribes to Pemex officials between 2019 and 2021 to secure contracts worth at least 746 million pesos for Rovirosa's six companies, involving cash, lu...
Progress
36% Bias Score
Mexico Dismantles Major Fuel Theft Ring, Underscoring Persistent Huachicol Problem
Mexican authorities arrested 32 members of the "Don Checo" fuel theft ring, seizing millions of pesos, vehicles, and exotic animals in a six-month operation targeting fuel theft from Pemex pipelines in central Mexico, highlighting the ongoing struggle against huachicol despite past claims of its era...
Mexico Dismantles Major Fuel Theft Ring, Underscoring Persistent Huachicol Problem
Mexican authorities arrested 32 members of the "Don Checo" fuel theft ring, seizing millions of pesos, vehicles, and exotic animals in a six-month operation targeting fuel theft from Pemex pipelines in central Mexico, highlighting the ongoing struggle against huachicol despite past claims of its era...
Progress
40% Bias Score
Middle East Crisis Sends Mexican Oil Prices Soaring
Following Israel's attack on Iran, global oil prices surged, impacting Mexico's Pemex, which saw its crude reach \$67.01 per barrel on Monday despite a slight dip, raising concerns about inflation and government subsidies.
Middle East Crisis Sends Mexican Oil Prices Soaring
Following Israel's attack on Iran, global oil prices surged, impacting Mexico's Pemex, which saw its crude reach \$67.01 per barrel on Monday despite a slight dip, raising concerns about inflation and government subsidies.
Progress
40% Bias Score
Pemex to Lay Off 3,000 Employees in Cost-Cutting Restructuring
Pemex plans to lay off 3,000 non-union employees to save over 10 billion pesos, part of a broader restructuring aiming to improve efficiency and financial health amidst low oil prices and high debt, impacting exploration and exploitation budgets.
Pemex to Lay Off 3,000 Employees in Cost-Cutting Restructuring
Pemex plans to lay off 3,000 non-union employees to save over 10 billion pesos, part of a broader restructuring aiming to improve efficiency and financial health amidst low oil prices and high debt, impacting exploration and exploitation budgets.
Progress
40% Bias Score
Pemex Oil Spill Damages 17 Kilometers of Tabasco Coastline
A Pemex pipeline leak near Dos Bocas, Tabasco, spilled approximately 300 barrels of oil, affecting 17 kilometers of coastline, causing environmental damage to a protected lagoon, halting fishing and tourism, and prompting a government complaint.
Pemex Oil Spill Damages 17 Kilometers of Tabasco Coastline
A Pemex pipeline leak near Dos Bocas, Tabasco, spilled approximately 300 barrels of oil, affecting 17 kilometers of coastline, causing environmental damage to a protected lagoon, halting fishing and tourism, and prompting a government complaint.
Progress
40% Bias Score
Showing 1 to 12 of 18 results