Big Fare Increases, Crowded Planes, And More Delays BIG FARE INCREASES After United Airlines raised domestic fares across the board by $50 a round trip on Friday, most major carriers quickly followed with similar increases on many routes, according to ... Read Full Article Sharp Drop In Consumer Confidence In January Worries over deteriorating business conditions and a weakening job market pushed the Consumer Confidence Index lower, a business research group said.... Read Full Article Armenian Editor Is Slain In Turkey Hrant Dink, who was convicted last year of insulting the Turkish state, was assassinated outside his office.... Read Full Article Ethiopians Said To Push Civilians Into Rebel War The Ethiopian government, a top U.S. ally, is said to be forcing teachers, doctors and aid workers to fight rebels.... Read Full Article Al-Qaeda Embassy Bombings Suspect ’killed In Air Strike’ Fresh air strikes were today launched in southern Somalia, amid government claims that a senior al-Qaeda suspect believed to have planned the deadly bombings of US embassies in East Africa had been ki... Read Full Article |
Pemex NewsOutput Falling in Oil-Rich Mexico, and Politics Gets the BlamePemex, Mexico’s oil monopoly, is struggling, with falling production and reserves and no money to reverse the slide.Read Full Article World Business Briefing: Mexico: Pemex Oil Field DecliningProduction at Mexico’s giant Cantarell oil field will fall by 15 percent this year, Jesús Reyes Heróles, left, the director general of Petróleos Mexicanos, Mexico’s state-owned oil monopoly, said. Output dropped 13.1 percent last year. Mr. Reyes Heróles, a former energy minister who took over at Pemex in December, said other projects would help make up for the shortfall at Cantarell, which last year accounted for about 55 percent of Pemex’s overall production of 3.26 million barrels a day. Mexico is a top supplier of imported oil to the United States. Mr. Reyes Heróles said that the company needed additional investment of $8 billion to $10 billion a year to keep up production, develop new reserves, expand its refining capacity and modernize its storage and transport network. But Pemex is closed to private investment and cannot finance the investment itself. Last year, Pemex sales surpassed $100 billion but it paid $79 billion in taxes, which accounted for almost 40 percent of Mexico’s federal budget.Read Full Article External News for: pemexPemex CEO: Seek To Raise $3B In External Capital Markets In 2010 - Wall Street JournalUpstream OnlinePemex CEO: Seek To Raise $3B In External Capital Markets In 2010Wall Street JournalIn addition, a new incentive-based structure for contracts with Pemex is expected to begin in the first or second quarter of next year, said Suarez. ...Mexico's Pemex to tap external markets for 2010 fundingReutersMexico's Peso Drops, Heads for Weekly Loss, on Rating OutlookBloombergPemex Edges Towards EquityLatinFinanceOil & Gas Journal -Reuters UKall 16 news articles »Pemex CEO: Seek To Raise $3B In External Capital Markets In 2010 - Wall Street JournalUpstream OnlinePemex CEO: Seek To Raise $3B In External Capital Markets In 2010Wall Street JournalIn addition, a new incentive-based structure for contracts with Pemex is expected to begin in the first or second quarter of next year, said Suarez. ...Mexico's Pemex to tap external markets for 2010 fundingReutersMexico's Peso Drops, Heads for Weekly Loss, on Rating OutlookBloombergPemex Edges Towards EquityLatinFinanceOil & Gas Journal -Reuters UKall 16 news articles »Pemex Proven Reserves May Drop for 11th Straight Year - BloombergPemex Proven Reserves May Drop for 11th Straight YearBloombergProven reserves may decline 2.8 percent to 13.9 billion barrels this year, Vinicio Suro, director of planning at Pemex's exploration and production unit, ...and more »Pemex CEO: Seek To Raise $3B In External Capital Markets In 2010 - Wall Street JournalUpstream OnlinePemex CEO: Seek To Raise $3B In External Capital Markets In 2010Wall Street JournalIn addition, a new incentive-based structure for contracts with Pemex is expected to begin in the first or second quarter of next year, said Suarez. ...Mexico's Pemex to tap external markets for 2010 fundingReutersMexico's Peso Drops, Heads for Weekly Loss, on Rating OutlookBloombergPemex Edges Towards EquityLatinFinanceOil & Gas Journal -Reuters UKall 16 news articles »Pemex Proven Reserves May Drop for 11th Straight Year - BloombergPemex Proven Reserves May Drop for 11th Straight YearBloombergProven reserves may decline 2.8 percent to 13.9 billion barrels this year, Vinicio Suro, director of planning at Pemex's exploration and production unit, ...and more »Pemex May Raise $3B Overseas In '10 - Emii.comPemex May Raise $3B Overseas In '10Emii.comMexico's Pemex will seek to raise $3 billion from external capital markets next year, Upstream Online reports. The oil company is “fairly confident” about ... |
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