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Category: Mexico

Category:
  • LNG
  • Mexico

Global demand drives plans for liquefaction, export of US gas from Mexico

Highlights Several projects being considered Supply access, infrastructure are challenges LNG liquefaction developers see a role for Mexico in supplying global markets with LNG derived from US natural gas imported Continue Reading

Posted On : 1 Oct 2022 Published By : Tom Whipple
Category:
  • Mexico

Scientists who detected massive Pemex methane leak say ‘no way’ they made a mistake

Scientists who detected a massive methane leak at an offshore platform run by Mexico’s Pemex said Tuesday there was “no way” they had made a mistake, roundly rebutting claims by Continue Reading

Posted On : 14 Sep 2022 Published By : Tom Whipple
Category:
  • Mexico

Mexico Sees Its Energy Future in Fossil Fuels, Not Renewables

On a recent scorching afternoon in his home state of Tabasco, the president of Mexico celebrated his government’s latest triumph: a new oil refinery. Though not yet operational, President Andrés Manuel Continue Reading

Posted On : 17 Aug 2022 Published By : Tom Whipple
Category:
  • Mexico

The Gulf of Mexico Has a Pirate Problem

‘There has been an increase in the cadence of incidents in the Gulf of Mexico’. Dryad Global’s latest Maritime Security Threat Advisory (MSTA) has outlined that the Gulf of Mexico Continue Reading

Posted On : 17 Aug 2022 Published By : Tom Whipple
Category:
  • Mexico

Northern Mexico has a historic water shortage. These maps explain why. – The Washington Post

Water has become a sacred commodity in northern Mexico. Reservoirs have been hitting the bottom of their basins. Taps have been running dry for millions of people in the city of Continue Reading

Posted On : 10 Aug 2022 Published By : Tom Whipple
Category:
  • Mexico
  • USA

Energy Spat Between Mexico And The U.S. Escalates

Mexico hopes the talks initiated by the U.S. under the United States-Mexico-Canada Agreement (USMCA) about Mexico’s prioritization of state energy firms over private U.S. companies would reach a “mutually satisfactory Continue Reading

Posted On : 23 Jul 2022 Published By : Tom Whipple
Category:
  • Mexico
  • USA

Mexico sending record high fuel oil to the US as refinery runs rise

Highlights Mexico averaging 5.28 million barrels monthly of fuel oil exports to US Increase picks up pace after Russian invasion of Ukraine Competition seen from Brazil, UAE, Iraq, Turkey, others Continue Reading

Posted On : 23 Jul 2022 Published By : Tom Whipple
Category:
  • Climate
  • Mexico

Scientists find massive methane leak at Pemex Gulf of Mexico oil field -paper

 Mexican state oil company Petroleos Mexicanos released thousands of tons of methane gas into the atmosphere from an oil and gas platform in the Gulf of Mexico last December, research Continue Reading

Posted On : 10 Jun 2022 Published By : Tom Whipple
Category:
  • Climate
  • Mexico

First hurricane of the eastern Pacific season approaches southern Mexico

 The first hurricane of the eastern Pacific season strengthened on Sunday as it spiraled toward the southern coast of Mexico, with maximum sustained winds of 110 mph (177 km/h) that Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Mexico

Pemex crude production hits new low in April amid global tightness

Highlights Pemex produced 1.5 million b/d of crude in April, the lowest since the 1970s Private operators continue to show good results Natural gas production rises slightly Crude production at Continue Reading

Posted On : 27 May 2022 Published By : Tom Whipple
Category:
  • Mexico

Mexican opposition threatens president’s electricity reform

An alliance of opposition parties in Mexico is threatening a proposal for greater state control of the electricity market, saying on Monday it would vote against President Andres Manuel Lopez Continue Reading

Posted On : 5 Apr 2022 Published By : Tom Whipple
Category:
  • Mexico
  • USA

Mexico suspends gasoline subsidy as U.S. drivers cross border for deals

Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans Continue Reading

Posted On : 3 Apr 2022 Published By : Tom Whipple
Category:
  • Mexico
  • Russia

Russia’s Lukoil completes purchase of stake in offshore oil project in Mexico

Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading

Posted On : 25 Feb 2022 Published By : Tom Whipple
Category:
  • Mexico

Lack Of Financing Weighs On Mexico’s Oil Industry

Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms Continue Reading

Posted On : 7 Feb 2022 Published By : Tom Whipple
Category:
  • Mexico

Mexico’s Mega Refinery: Delayed And $3.6 Billion Over Budget

The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López Obrador may Continue Reading

Posted On : 24 Jan 2022 Published By : Tom Whipple
Category:
  • Mexico
  • Refining

Mexico Refinery $3.6B Over Budget

The facility is crucial to Pemex’s plans to halt crude oil exports in 2023. Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is Continue Reading

Posted On : 22 Jan 2022 Published By : Tom Whipple
Category:
  • Mexico

Pemex plans sharp drop in crude exports next year as it ramps up refining

Mexico’s Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government’s target of refining all Continue Reading

Posted On : 29 Dec 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico Shuns International Oil Markets to Produce More Gasoline at Home – Bloomberg

Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production. Petroleos Mexicanos, the Mexican state-owned producer Continue Reading

Posted On : 29 Dec 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico May Give Pemex Yet Another Tax Break

Mexico could further ease the fiscal burden on its state oil firm Pemex, the world’s most indebted oil company, as the government looks to stop years of production declines. “With Continue Reading

Posted On : 15 Dec 2021 Published By : Tom Whipple
Category:
  • Mexico

U.S. security review stalls sale of Shell Texas refinery to Mexico’s Pemex

A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said Continue Reading

Posted On : 1 Dec 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico Said to Lock In $60-$65 in Annual Oil Hedge

Mexico is in the process of locking in its income from next year’s oil production, people familiar with the matter said, in what’s one of the most closely watched deals Continue Reading

Posted On : 3 Nov 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico’s Government Is Suffocating Its Energy Sector

Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading

Posted On : 23 Oct 2021 Published By : Tom Whipple
Category:
  • Mexico

Operations at Mexican oil refinery resumed this week

Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading

Posted On : 23 Oct 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico postpones low sulfur diesel rule until 2025, ministry says

Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading

Posted On : 23 Oct 2021 Published By : Tom Whipple
Category:
  • Mexico

Major Mexican Refinery Has Been Shut For Weeks And The Media Only Just Found Out

One of Mexico’s largest oil refineries has been shuttered for weeks—only we are just now finding out about it. And oil products are now building up at the site. Mexico’s Continue Reading

Posted On : 14 Oct 2021 Published By : Tom Whipple
Category:
  • Mexico

EXCLUSIVE Mexico’s second largest oil refinery halted, stocks piling up -sources

Mexico’s second-largest refinery remains halted since late September due to protests by teachers that are blocking roads used by state-run Petroleos Mexicanos(Pemex) to transport the facility’s output for domestic consumption Continue Reading

Posted On : 13 Oct 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico Lowers Pemex Oil Output Forecast After Platform Woes

Mexico cut its forecast for oil production at Petroleos Mexicanos next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Mexico

Things Keep Getting Worse For Mexico’s Struggling Oil Industry

Mexican oil is taking hit after hit this year. First, a deadly fire led to disruptions in production and then output was once again hindered by the anticipation of hurricane Continue Reading

Posted On : 2 Sep 2021 Published By : Tom Whipple
Category:
  • Mexico

Pemex Buying Texas Oil Refinery That Lost $360MM

The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking Continue Reading

Posted On : 2 Sep 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire

Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people, but the pace of output recovery could be slower Continue Reading

Posted On : 28 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico
  • Prices

EXCLUSIVE Mexico forecasts $60 per barrel prices for 2022 crude oil exports

Mexico expects an average price of $60 per barrel for its crude oil exports, as well as an average crude production of 1.9 million barrels per day (bpd) for 2022, Continue Reading

Posted On : 28 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Slow well re-connection curbs optimism over Mexico oil output recovery -sources

Pemex Chief Executive Officer Octavio Romero gestures in a news conference after Sunday’s fire on an offshore platform in the southern Gulf of Mexico, at the headquarters of state-owned oil Continue Reading

Posted On : 27 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Pemex CEO says platform fire could have been caused by gas leak

A deadly weekend fire at on an offshore platform in the southern Gulf of Mexico operated by Mexican state oil firm Petroleos Mexicanos (Pemex) could have been caused by a Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Gulf of Mexico Rig Fire Death Toll Grows

PEMEX reported Monday that five people have died, six have been injured and two are missing following a fire in the Ku-A Processing Center at the E-Ku-A2 compression and electricity Continue Reading

Posted On : 25 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Offshore platform fire cuts Mexico oil output by 444,000 bpd

A fire that struck an offshore oil platform operated by Mexico’s state-run Pemex cut the company’s production by 444,000 barrels per day (bpd) due to the lack of natural gas Continue Reading

Posted On : 24 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Fire at Pemex offshore platform leaves five dead and cuts Mexican oil output

A fire at an offshore oil platform operated by Mexican state oil company Pemex has left five people dead and slashed the country’s oil output by almost a quarter.About 420,000 Continue Reading

Posted On : 24 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Pemex Can’t Afford to Develop Zama

Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash Continue Reading

Posted On : 14 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Pirates Plague Mexico’s Offshore Oil Platforms

Incidents of piracy in the Mexican waters in the Gulf of Mexico have led to calls to Mexico’s Navy to increase its presence in the area where pirate attacks on Continue Reading

Posted On : 3 Aug 2021 Published By : Tom Whipple
Category:
  • Mexico

Private companies in Mexico hit production record as Pemex struggles to meet goals

Highlights Independent E&P companies increased crude oil output to 70,000 b/d in June Three largest producers responsible for 50,000 b/d Pemex struggling to meet own goals Mexico City — Crude Continue Reading

Posted On : 24 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexican president says Pemex to distribute gas to consumers

Mexican President Andres Manuel Lopez Obrador said on Wednesday that his government will create a new business within the state oil company Petroleos Mexicanos (PEMX.UL) to distribute liquefied petroleum gas Continue Reading

Posted On : 8 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico

Will This Push Foreign Oil Companies Out Of Mexico?

The Mexican government launched a quest against foreign oil companies operating in the country pretty much from day one in office. First, it suspended new oil and gas auctions and Continue Reading

Posted On : 8 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico
  • USA

U.S., Canada raise concern over Mexico energy, investment climate

Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a Continue Reading

Posted On : 8 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico
  • Russia

Russia’s Lukoil joins Mexican shallow water project Area 4

Lukoil sees Mexico as a strategic region for international upstream development Project contains two oil fields with reserves estimated at 564 million boe Lukoil already involved in blocks 10, 12, Continue Reading

Posted On : 6 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexican oil giant says no environmental damage from raging Gulf fire

Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico’s national oil company has declared that environmental Continue Reading

Posted On : 6 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico Hands Control of Large Oilfield to Pemex in Dispute With U.S.’s Talos

Mexico’s government designated state oil company Petróleos Mexicanos as the operator of a large offshore oil reservoir it shares with a consortium led by Houston-based Talos Energy Inc., which has already invested heavily Continue Reading

Posted On : 6 Jul 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexican National Oil Company to Run USA Refinery

 Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States. An article about the development last week garnered Continue Reading

Posted On : 31 May 2021 Published By : Tom Whipple
Category:
  • Mexico
  • Russia

Mexico: Russia’s Sputnik V shortages mean limited 2nd doses

 Russian authorities have been having so many problems producing second doses of their Sputnik V coronavirus vaccine that Russia probably will be unable to supply enough to people who already Continue Reading

Posted On : 12 May 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico’s New Fuel Nationalization Law Hits Another Wall

A Mexican court has issued an injunction against new legislation that sought to change the rules of competition on the country’s fuel market, The Associated Press reports . The legislation, Continue Reading

Posted On : 12 May 2021 Published By : Tom Whipple
Category:
  • Mexico

Cash-Strapped Pemex Delays Payments to Some Private Oil Partners

Petroleos Mexicanos is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales. While Pemex has long Continue Reading

Posted On : 11 May 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • Mexico

Mexico coronavirus: The math geeks who figured excess deaths

The mystery surfaced early in the pandemic. Hospitals were jammed with coronavirus victims, but the official death count in Mexico City appeared suspiciously low. Sitting at her dining-room table one afternoon, Laurianne Despeghel, Continue Reading

Posted On : 4 May 2021 Published By : Tom Whipple

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