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Explosion in Mexico’s state oil company kills 32

Last Updated: Friday, February 01, 2013, 09:05

Rescuers searched for survivors on Friday and authorities promised a thorough investigation after an office building blast killed 32 people and injured 121 at the headquarters of Mexico`s state-owned oil company, Petroleos Mexicanos.

Mexico makes biggest oil find in a decade

Last Updated: Tuesday, November 27, 2012, 10:31

The Navegante 1 field is about 20 km from Villahermosa, the capital of the southern state of Tabasco, and yielded light crude at a depth of 6,800 meters, Pemex officials told EFE.

Mexican oil firm posts net profit of $2.45 bn

Last Updated: Wednesday, October 31, 2012, 13:27

State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about USD2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011.

Mexican firm ordered to clean up oil spill

Last Updated: Saturday, August 25, 2012, 14:12

Mexican environmental authorities are demanding that state oil company Petroleos Mexicanos clean up a crude spill that occurred when a loading buoy sank nearly two weeks ago and polluted six beaches.

Mexican oil giant needs $25 bn in annual investment

Last Updated: Wednesday, February 08, 2012, 10:14

State-owned oil giant Petroleos Mexicanos, or Pemex, will "require annual investment and acquisitions" for its operations "exceeding 320 billion pesos (nearly $25.2 billion)" over the next few years, CEO Juan Jose Suarez Coppel said Tuesday.