Statoil starts oil production in Åsgard field Oil & Gas
Norwegian state firm Statoil AS has started oil production from Åsgard field, which lies in 300 m of water in the Norwegian Sea. The Åsgard project involves development of three fields with a
With $106 billion in financial debt, Pemex would likely see borrowing costs soar as many investors dump its bonds. After Brazilian state oil firm Petrobras had $41 billion of its bonds classified as junk in 2015, its financing costs jumped from $1.6 billion to $8.8 billion in one year. Mexico’s options are limited.
UPDATE 1-Latest Mexico decisions on Pemex neutral
The financial package announced by the Mexican government on Monday and an earlier decision to have state oil company Pemex build a new refinery are neutral to Standard & Poor's assessment of
In the fall of 2018, a leak at a Pasadena oil refinery led to the release of thousands of pounds of toxic pollutants, including some 8,000 pounds of cancer-causing benzene. During that nearly 67
Product Markets and Refinery Operations Jan 10
Refinery utilization rates in the US increased marginally by 0.2% to reach 80.3% in December from 80.1% the previous month, whereas typically they exceed 90%. Ample product stocks also influenced European utilization rates which stayed around 82% in December.
Mexico Energy Profile: Among Largest Source Of US Oil Imports Analysis. PEMEX awarded a contract for the design of a new refinery at Tula, but in December 2025 the company opted for a $4.6
Mexico's rising oil nationalism faces crisis
A downgrade could cripple the president's bold energy agenda, along with his plans to use new oil revenue to help finance social welfare programs. It could also imperil Mexico's sovereign creditworthiness. With $106 billion in financial debt, Pemex would likely see borrowing costs soar as many investors dump its bonds.
Mongolia plans to extract a total of 8.15 million barrels, or 1.1 million tons, of crude oil this year, which would contribute MNT 335.6 billion to the state budget. Therefore, the country has so far implemented 78.5 percent of its extraction plan and 74.8 percent of its export plan. Currently, there is no oil refinery
El Hierro May 2025 performance update Energy
El Hierro May 2025 performance update Posted on June 6, 2025 by Roger Andrews Because of higher wind speeds in the second half of the month GdV supplied 40.8% of El Hierro’s electricity in May, up from the 27.5% achieved in April.
- Will Mexico's largest oil refinery be fast-tracked?
- (Bloomberg) -- At a packed press conference in the muggy port town of Dos Bocas, Mexico’s energy minister unveiled a bold plan to fast-track construction of the country’s largest oil refinery to date, a flagship project under the government of then-President Andres Manuel Lopez Obrador.
- When will PEMEX refinery start production in Mexico?
- (Reporting by Ana Isabel Martinez Editing by Barbara Lewis) Mexican state oil company Pemex expects its Olmeca refinery to start production by early April, ramping up to 164,000 barrels per day (bpd) of gasoline and 130,000 bpd of diesel by September, a presentation shared by the country's president showed on Tuesday.
- Are PEMEX refineries in Mexico a fire hazard?
- Pemex’s six other refineries in Mexico — two of which are over 100 years old — have been plagued in recent years by fires, explosions and accidents. Excluding the Deer Park refinery in Houston, Pemex’s refineries had operated at less than 50% of their total installed capacity for the third month in a row as of the end of 2024.
- Could a new Dos Bocas refinery save taxpayers money?
- Rocio Nahle told the reporters gathered in 2019 that borrowing designs from a previously scrapped refinery venture would save taxpayers a fortune, keep the facility within its $8 billion budget and have it up and running in just three years. More than five years later, the Dos Bocas refinery is still unfinished.
- How much oil does Pemex send to Olmeca refinery?
- Mexican state energy company Pemex started sending 16,300 barrels per day (bpd) of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, internal data seen by Reuters showed, signaling another delay.
- Can Dos Bocas save Mexico's shambolic fuel refining industry?
- Mexico is banking on Dos Bocas to rescue its shambolic fuel refining industry. Pemex’s six other refineries in Mexico — two of which are over 100 years old — have been plagued in recent years by fires, explosions and accidents.
