• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 1 day Wind droughts
  • 3 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 8 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 hours Australian power prices go insane
  • 4 days Xi Is Set To Be Re-Elected As China’s Leader
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day Europeans and Americans are beginning to see the results of depending on renewables.
  • 12 days Oil Prices Fall After Fed Raises Rates
Florida’s Power Grid Desperately Needs An Overhaul

Florida’s Power Grid Desperately Needs An Overhaul

With around 14 category-four hurricanes…

Why OPEC+ Is Considering A Production Cut

Why OPEC+ Is Considering A Production Cut

OPEC+ appears to be on…

EU Ambassadors Agree On A Russian Oil Price Cap

EU Ambassadors Agree On A Russian Oil Price Cap

EU ambassadors reportedly reached an…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Oil Pirates: The Gulf Of Mexico’s Billion Dollar Problem

Pirate activity in the Gulf of Mexico is on the rise and so is oil theft from platforms operating in the area, Fox News reports, with losses for Pemex as high as $1 billion annually.

Oil theft is not uncommon in Mexico, with most of it linked to local cartels using the services of crooked Pemex employees. Yet most of this theft takes place on land: over just two months in 2018, criminals drilled almost 2,300 illegal taps into Pemex pipelines in Mexico.

Although oil and diesel stealing has been going on for decades, there has been an increase in criminal activity reported in the last four years, said Johan Obdola, the founder of the International Organization for Security and Intelligence, a Canada-based nonprofit.

“It is estimated that the stealing in Mexico is up to 1.18 million barrels a day, bringing millions to criminal organizations, and making it very difficult to control,” Obdola also told Fox News.

According to Pemex’s own estimates, the losses from fuel theft over the past three years have reached $7.5 billion (147 billion Mexican pesos). A lot of the theft is conducted by gangs who are quick to resort to violence as they fight among themselves for greater access to state fuels and also engage in extortion of oil workers.

According to Mexico’s President, Andres Manuel Lopez Obrador, authorities are also involved in widespread fuel theft, which he last year vowed to tackle without compromise.

So far, the tackling has involved deploying military personnel at key oil and fuel infrastructure locations. Offshore, Lopez Obrador has said the Navy would conduct continuous surveillance of Pemex platforms, which are the targets of choice of the pirates.

According to some Mexican officials, the Pena-Nieto energy sector reform is to blame for the rise in oil theft. Opening up the local oil and gas industry to private players has increased the number of targets for pirates offshore and this includes not just the oil itself but also equipment and raw materials.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News