Mexican national oil company Pemex partially resumed paying down what it owes to suppliers at the end of last year, prioritizing large oilfield service companies over upstart private producers, according to company data and four industry sources. The world's most heavily-indebted oil company has not, however, publicly disclosed the balance of its debts to suppliers since last October, when it said it owed some $5.6 billion, not including other related liabilities, including litigation costs and taxes. At the end last year's third quarter, Pemex said it owed suppliers $17.4 billion.
Mexican national oil
company Pemex partially resumed paying down what it owes to
suppliers at the end of last year, prioritizing large oilfield
service companies over upstart private producers,.
For nearly a
year, U.S. natural gas producers have slammed the brakes on
production as prices fall. But relentless output gains including
from oil companies that pump gas as an oil byproduct.
By Arathy Somasekhar BRIDGEPORT, Texas (Reuters) - For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have u.
Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing Thursday with the U.S. Federal Energy Regulatory Commission (FERC). [Image: Venture Global]