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
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
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
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
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
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
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
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
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
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
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
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
A study suggests that as many as one-third of Mexicans may have been exposed to the coronavirus by the end of last year. Coronavirus antibodies were found in 33.5% of Continue Reading
Crude oil projects involving private companies in Mexico could bring an additional 704,000 bpd to total national oil production by 2030, BNAmericas has reported , citing a commissioner from Mexico’s Continue Reading
Pfizer Inc’s shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots Continue Reading
Cross-border flows approach record 7 Bcf/d in April Mexico modeled power burn hits record 4.6 Bcf/d US gas exports to Mexico could hit record highs over the next two weeks, Continue Reading
The lower house of the Mexican parliament has passed a controversial bill that will give state-owned oil major Pemex more sway over the Mexican fuel market. Bloomberg reports that the Continue Reading
Repairs at Mexico’s Minatitlan 285,000 b/d plant after an April 7 could keep the plant offline for 90 days, Pemex said in a statement. Receive daily email alerts, subscriber notes Continue Reading
Petroleos Mexicanos expects its gasoline sales won’t fully recover to pre-pandemic levels this year as lockdown measures hurt demand and competitors win market share. While the state-owned company’s gasoline sales are Continue Reading
A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters Continue Reading
Mexican President Andrés Manuel López Obrador is using the Texas Freeze to cut the country’s dependence on U.S. gas imports and to garner support for rolling back the energy sector’s Continue Reading
Mexico’s Pemex is considering letting U.S.-based Talos Energy lead the development of the Zama oil field, Reuters reported , citing the state oil company’s chief executive. Talos Energy, leading a Continue Reading
Mexico’s Pemex announced March 18 it has discovered over 1.2 billion boe of oil and natural gas in an onshore complex in the state of Tabasco, near the site where Continue Reading
Mexico is due to announce later this week a sizable oil and gas field in the Tabasco region, but observers doubt the find will be a game-changer or if it Continue Reading
After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports in 2021 as worldwide demand gradually increases once again. OPEC members heavily reduced oil production Continue Reading
As the world transitions away from fossil fuels and weens itself off emissions-heavy energy sources, one country is running against the current and right back into the arms of coal. Continue Reading
Deaths in Mexico last year were 52 per cent higher than in previous years, putting the rate of excess deaths during the coronavirus pandemic well above that in some countries Continue Reading
Mexico’s Pemex reported its oil production grew last year, for the first time in fifteen years. However, there’s a big catch—the increase was only a result of how the company Continue Reading
There’s a saying among energy wonks about the Federal Energy Regulatory Commission: It’s never seen a pipeline it didn’t like . But the commission’s new chair could make that adage Continue Reading
Over 2.5 million households in seven northern Mexican states were left without power as the winter storm that hit Texas over the weekend lowered the amount of natural gas available Continue Reading
Mexico issued during the weekend new rules that would limit fuel imports of private firms in a controversial move seen as boosting the dominant position of state oil firm Pemex. Continue Reading
For nearly 80 years, Mexico kept its borders closed to foreign oil interests, with the state-owned and -run Petroleos Mexicanos (Pemex) being the only entity allowed to drill for gas Continue Reading
The Mexican government is mulling over additional tax relief measures for state energy giant Pemex to help it reduce the biggest debt load in the global oil industry, a deputy Continue Reading
Mexico’s Pemex is considering exploring the Tampico-Misantla basin where there are vast untapped unconventional resources, in case the country were to change its current energy policy that neglects them. Receive Continue Reading
Mexico has granted full control over natural gas supply in the country to the state utility CFE and the national oil and gas company through a five-year plan for infrastructure Continue Reading
Highlights Pemex must evaluate potential of fields thoroughly Company may have to recognize fewer reserves Mexico City — Mexico’s state Pemex should avoid moving to production without properly evaluating the Continue Reading
Deepwater exploration appears to be the focus of major investments in Mexico in Q3. As state-controlled oil company Pemex focuses on easy-extraction shallow water projects, private players set their sights Continue Reading
Mexico is sitting on top of the sixth biggest collective shale reserve in the entire world. At an estimated total of 545 trillion cubic feet , they’re just a hair Continue Reading
A group of US lawmakers from energy-producing states is urging the White House to call out Mexico for violating the spirit of the recent North American trade deal by making Continue Reading
The benchmark price of Canada’s oil sands is expected to strengthen next year amid lower supplies of Mexican heavy crude oil to the United States, BMO Capital Markets said in Continue Reading
Petroleos Mexicanos returned to capital markets Thursday for its first debt sale since January as the embattled oil producer seeks to tap improved demand from investors. Pemex sold $1.5 billion in Continue Reading
If Joe Biden wins the US presidency in November, he could hasten the country’s migration to more renewable energy by enforcing the Paris Agreement and the energy chapter under the Continue Reading
The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing the prospects Continue Reading
Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up state oil major Pemex, Reuters Continue Reading
Highlights CNOOC expects almost 500 million boe of prospective resources Well located less than five miles away from the US maritime border Mexico City — China National Offshore Oil Corporation Continue Reading
Carbon emissions are on the rise again after a short blip when the pandemic brought entire industries and international travel to a halt. Emissions from burning fossil fuel dropped by Continue Reading
There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to be made public soon. “We Continue Reading
Mexico will likely cut its crude oil production targets for next year, according to Bloomberg, citing a ruling party lawmaker in Mexico. The shift in strategy signals that Mexico’s state-run Continue Reading
Since this once-sleepy stretch of Mexico’s Caribbean coast began its transformation into a glitzy resort community 50 years ago, it has thrived by attracting millions of vacationers during its summer Continue Reading
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez Obrador said in a memo Continue Reading
