Supply Chain News

Pemex refineries ramp up production in March, but still operate at 40% of total capacity
Mexico’s Oil & Gas company Petroleos Mexicanos (Pemex) processed 651,600 barrels of crude oil per day in its six refineries during March, which is 19.7% higher than what it processed in February by 107,337 barrels per day. However, the volume of March implies a fall of 35% in contrast to what ...
Wind blades manufacturer TPI Composites posts net income increase of 65% in first quarter
TPI Composites, Inc., a manufacturer of composite wind blades with three production facilities in Mexico, reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$ 21.0 million in its financial results for the first quarter ended March 31, 2018. The figure represents a...
Despite lower daily production, Pemex revenue from exports grows 35%
Although oil production of Petroleos Mexicanos (Pemex) fell 3.3% in the first quarter of the year, the state-owned oil and gas company increased its export revenues by 35%. According to the indicators of Pemex as of March 31, the company obtained US$ 6.94 billion from exports, compared to US$ 5.14 ...
Marathon-Andeavor merger creates biggest US refiner with a high stake in Mexico
Marathon Petroleum Corp. (MPC) and Andeavor (ANDV) announced that they have entered into a definitive merger agreement under which the first will acquire all of latter’s outstanding shares, representing a total equity value of US$ 23.3 billion and total enterprise value of US$ 35.6 billion, based ...
Cisco partners with two firms to open first of its kind oil and gas tech center in Mexico
Wood PLC, Cisco and Roue Consultores have partnered to open a new, first of its kind, Oil and Gas Advanced Technology Center (ATC) located in Wood’s operations center in Naucalpan, Estado de Mexico.  “The Oil and Gas ATC seeks to highlight the value the Internet of Things can bring in the upst...

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