PEMEX, the MExican oil giant is a state owned company that controls, owns, and operates Mexico’s petroleum reserves. In terms of revenues, it is the 10th largest oil company in the world. Althought asphalt and pitch were known and used in MExico since the earliest days of the Aztecs, until 1938, foreign companies owned most [...]

Pemex, the Mexican state-owned oil company, reports that its exploration subsidiary has discovered three more oil wells of 1300-5200 barrels per day capacity. This year seismic data recorded in oil field exploration projects has increased 10-fold, largely due to the new Gulf of Mexico Sur plan. Not only are Mexican firms increasing their oil production [...]