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PEMEX Reinforces Austerity Measures
By MBN Staff - Tue, 04/22/2025 - 13:25
The new measures, affecting electricity, water, and materials consumption, reflect deep cost-cutting across offices and subsidiaries.
https://mexicobusiness.news/tag/duc
More Oil & Gas
PEMEX Halts New Contracts
By MBN Staff - Fri, 11/29/2024 - 12:27
PEMEX is freezing new contracts with service providers as it grapples with approximately US$20 billion in debt with suppliers.

Moody’s Sees Risk for PEMEX With New Government Strategies
By MBN Staff - Thu, 11/28/2024 - 13:35
Moody’s has identified significant credit risk for PEMEX under the new administration of Claudia Sheinbaum, highlighting two potential scenarios.
Government Grants PEMEX Extension for DUC
By MBN Staff - Wed, 11/27/2024 - 15:44
Claudia Sheinbaum’s government issued a fiscal relief plan for PEMEX to bolster the company's liquidity.
Moody’s Warns of Risks in PEMEX's Renewable Energy Plans
By Perla Velasco - Wed, 10/02/2024 - 09:18
Moody’s discussed PEMEX’s situation and its outlook on the NOC’s most pressing challenges for the next administration.
New Direction for PEMEX Signals Shift in Contractor Relations
By MBN Staff - Thu, 08/29/2024 - 12:14
The appointment of Víctor Rodríguez as the new PEMEX Director signals a potential shift in the company’s relationship with contractors.
Mexico's Budget Deficit Increases Due to Oil Revenues, Subsidies
By MBN Staff - Thu, 08/29/2024 - 11:13
Mexico’s budget deficit increased, driven by lower-than-expected oil revenues and a rise in spending on subsidies and financial investments.
PEMEX Reports Net Loss of MX$255.9 Billion in 2Q24
By Sergio Taborga - Wed, 07/31/2024 - 09:05
PEMEX reports a 1.1% revenue drop in 2Q24, impacted by a 16.1% decline in exports. Domestic sales rose, but the NOC’s net loss hit MX$255.9 billion.
Privatization Key to PEMEX’s Financial Rescue: Gabriela Siller
By MBN Staff - Fri, 07/26/2024 - 09:24
Gabriela Siller calls for the energy reform to be revived to address PEMEX’s severe debt crisis and improve its financial situation.
PEMEX Eyes Debt Reduction Below US$100 Billion
By Perla Velasco - Wed, 07/24/2024 - 10:55
This would mark the first time in a decade that the company’s debt falls below the US$100 billion threshold.