• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 3 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 1 hour America's pandemic dead deserve accountability after Birx disclosure
  • 6 hours Putin blocks Ukraine access to Black Sea after Joe blinks
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 16 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 2 days Fukushima
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 6 hours Biden about to face first real test. Russia building up military on Ukraine border.
U.S. Rig Count Increases As Oil Prices Hold Above $60

U.S. Rig Count Increases As Oil Prices Hold Above $60

Baker Hughes reported on Friday…

Is This The Most Exciting Commodity Play Of 2021?

Is This The Most Exciting Commodity Play Of 2021?

Helium supply is being exhausted…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

U.S. Oil Bankruptcies Shoot Up In Q1 2021

The number of North American…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

Oil Giant Stoically Refuses To Pay Ransom

Mexico’s state-run Pemex has no intention of paying the ransom that cyber attackers have requested, Mexico’s Energy Minister and Pemex board chairman Rocio Nahle said on Wednesday, according to Reuters.

Cyber attackers targeted Pemex’s administrative headquarters in Mexico City, without disruption to it’s the oil company’s plants and wells. Nevertheless, the incident highlights the growing importance of cybersecurity in the oil and gas industry and all its critical infrastructure across the globe.

The demanded ransom was $5 million, to be paid in bitcoin.

Sources who spoke to Bloomberg suggested that Pemex’s ability to pay personnel and suppliers could be hindered if the issues that slowed computer systems weren’t resolved by today.

The cyber attack was thought to use DoppelPaymer malware, according to cybersecurity firm Crowdstrike Inc. According to Pemex internal documents seen by Reuters, however the malware involved is RYUK.

While the threat appears minimal with the nuts and bolts of its oil and gas operations flowing smoothly, billing and payment disruptions for the heavily indebted oil company could be particularly painful.

The DoppelPaymer malware is designed to hold financial abilities hostage until the ransom is paid—but today’s refusal from Pemex to do just that may mean Pemex will need to restore computer systems from backups. The cyber attackers vowed to release Pemex’s “private sensitive data” if they did not get paid.

The official word from Pemex is that fewer than 5% of its computers were affected, but some employees have suggested that the figure if far more.

The most recent cyber attack, aside from this one on Pemex, happened as recently as two weeks ago, when North Korean hackers targeted a nuclear plant in India.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News