http://www.worldoil.com WorldOil Pleading not guilty to corruption charges, former Pemex chief pledges to prove innocence https://www.worldoil.com/news/2020/7/29/pleading-not-guilty-to-corruption-charges-former-pemex-chief-pledges-to-prove-innocence In his first public comments since being extradited from Spain, Emilio Lozoya told a federal judge via video link from a Mexico City hospital that he had been intimidated and used by unnamed people to commit alleged crimes related to a fertilizer plant deal, according to a summary of the proceedings that was provided by court press officials. Ex-PEMEX CEO testified that lawmakers took bribes, AMLO says https://www.worldoil.com/news/2020/7/27/ex-pemex-ceo-testified-that-lawmakers-took-bribes-amlo-says A former head of Mexico’s PEMEX is testifying that lawmakers were bribed to pass a 2014 reform that opened the energy sector to private investment, President Andres Manuel Lopez Obrador said on Friday. AMLO alleges “a lot” of corruption drove Mexico’s prior oil reforms https://www.worldoil.com/news/2020/7/15/amlo-alleges-a-lot-of-corruption-drove-mexico-s-prior-oil-reforms Mexican legislators allegedly took bribes to vote in favor of a landmark energy reform during the previous administration, and an ex-head of the country’s oil giant will shed light on the matter, President Andres Manuel Lopez Obrador said on Wednesday. Mexico instructs Talos and Pemex to unite the Zama field across two blocks https://www.worldoil.com/news/2020/7/13/mexico-instructs-talos-and-pemex-to-unite-the-zama-field-across-two-blocks Talos Energy announced that on July 7, 2020, the company received a notice from Mexico's Ministry of Energy instructing the partners of Block 7 and Pemex to unitize the Zama field. The Zama field extends from Block 7 into the neighboring block to the east, which is operated by Pemex Warren Buffet swoops in as the U.S. oil industry is battered by legal, regulatory and financial challenges https://www.worldoil.com/news/2020/7/8/warren-buffet-swoops-in-as-the-us-oil-industry-is-battered-by-legal-regulatory-and-financial-challenges World Oil editors discuss the near- and longer-term effects of the Dakota Access pipeline shutdown on U.S. shale, legal precedents being set and who stands to benefit. Also, Pemex appears to be tightening its grip around the neck of the golden goose that is Mexico's oil and gas industry. Cash-strapped Pemex seeks to defer key contractor payments to 2021 https://www.worldoil.com/news/2020/7/7/cash-strapped-pemex-seeks-to-defer-key-contractor-payments-to-2021 Three contractors that are being asked to defer payment are waiting on $115 million in payouts, according to sources, but the amount owed to companies across Pemex’s supply chain could easily total billions of dollars. Pemex suspends oilfield services contracts, ending thousands of jobs https://www.worldoil.com/news/2020/6/10/pemex-suspends-oilfield-services-contracts-ending-thousands-of-jobs Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Simmons Edeco completes first Mexican drilling contract for Newpek https://www.worldoil.com/news/2020/6/10/simmons-edeco-completes-first-mexican-drilling-contract-for-newpek SIMMONS EDECO has successfully completed its first drilling contract for Mexico oil and gas operator Newpek, a division of Grupo Alfa, a major player in the food, IT, and automotive sectors in Mexico. Simmons Edeco completes Panuco drilling campaign in Mexico https://www.worldoil.com/news/2020/5/8/simmons-edeco-completes-panuco-drilling-campaign-in-mexico Simmons Edeco has successfully completed a second series of development drilling of wells for a major oilfield services company in Mexico. PEMEX expects its oil hedges to generate $311 million this year https://www.worldoil.com/news/2020/4/15/pemex-expects-its-oil-hedges-to-generate-311-million-this-year Pemex hedged its crude exports at an average of $49 a barrel using Asian put-spread options with monthly maturities for the period between Dec. 16 last year and Dec. 15 this year.