The Latest: Study: About 1/3 in Mexico showed virus exposure
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
Mexico’s Private Oil Companies Could Add 700,000 Bpd By 2030
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 begins exporting U.S.-made COVID-19 vaccine to Mexico
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
US gas exports to Mexico trend near record highs on temperatures, capacity gains
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
Mexico Congress Passes Controversial Pro-Pemex Bill
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
Mexico’s Minatitlan plant could be down 90 days after fire
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
Pemex Gasoline Sales to Lag Pre-Pandemic Levels for Second Year
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
Mexico Refinery Explosion Leaves Seven Injured
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 Uses Texas Freeze To Push For Energy Independence
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
U.S. Driller May Get Lead Role In Major Mexican Oilfield
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 discovers 1.2 billion boe complex in Tabasco region: CEO
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
Expected oil discovery announcement in Mexico taken cautiously amid hurdles
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
Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production
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
Why Is Mexico Returning To Coal?
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 surge in Mexico as pandemic extracts a heavy toll
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
Pemex’s Oil Production Increase Is More Illusion Than Reality
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
How a pipeline-loving agency could be key to realizing Biden’s climate plan
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
Natural gas shortage in Texas causes blackout in Northern Mexico
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 Restricts Fuel Imports Of Private Firms
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
Mexico Is Quietly Pushing Out Foreign Oil Investors
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
Mexico Plans Further Debt Relief For Pemex
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
Pemex considering exploring unconventional resources in case of policy shift
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 grants natural gas supply control to state companies through new plan
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
Pemex should avoid moving to production too fast at priority fields: panelists
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
Oil Majors Are Eyeing Mexico’s Deepwater Sector
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
Will A Fracking Boom Ever Happen In Mexico?
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
US lawmakers accuse Mexico of slowing US energy investments to benefit Pemex
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
Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls
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
Mexico’s Pemex Returns to Debt Markets After Nine-Month Hiatus
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
Biden victory could push Mexico closer toward green energy
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
Mexico’s Crude Oil Future Is In Jeopardy
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 May Delay Energy Reform
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
CNOOC to resume deepwater exploration in Mexico after pandemic pause
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
Mexico’s Pemex Slashes Oil Production Target For 2021
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
Mexico Shuts The Door To Foreign Oil Companies
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 Could Be Forced To Cut Oil Production Target For 2021
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
As Covid-19 Clobbers Tourism, Millions Lose a Lifeline
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
Mexican President May Change Constitution To Strengthen Control Of State-Owned O
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
Exclusive: Mexico moves to launch world’s largest oil hedge
Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options Continue Reading
Mexico’s Pemex Scrambles To Save Itself From Oil Price Crash
The majority of the world’s oil producers have been racing to heavily cut back spending and production in response to the oil market crisis, while Mexico’s national oil company, Petroleos Continue Reading
Why Mexico Is Pushing (to Slow Down) Clean Energy: QuickTake
When a fight erupts between a populist head of state and the business community over renewable energy, you might expect the leader to take the green side of the debate. Continue Reading
The Oil Major With The Most COVID-19 Deaths
Mexico’s state oil firm Pemex has the highest number of employees who have died of the coronavirus, according to Bloomberg estimates of company data and official statements. On Tuesday, Pemex Continue Reading
Debt-Stricken Mexican Oil Major Asks For Payment Deferrals
Mexico’s state oil firm Pemex is asking some of its contractors if they would agree to be paid for their services next year, people familiar with the payment situation at Continue Reading
Aeroméxico Files for Chapter 11 Bankruptcy Protection
“With the chapter 11 restructuring process, we will strengthen our financial position and increase our liquidity, at the same time creating a sustainable platform to allow us to successfully weather Continue Reading
U.S. Oil Industry Lobbies Trump To Keep Mexican Energy Reform
U.S. oil companies are calling on President Donald Trump to help persuade Mexican President Andrés Manuel López Obrador not to ditch the energy reforms that his predecessor launched, opening Mexico’s Continue Reading
Earthquake Takes Mexico’s Largest Refinery Offline
Mexico’s largest oil refinery, the Salina Cruz refinery, is offline after a fire broke out in the refinery following a 7.4 magnitude earthquake in the area. Pemex, Mexico’s state-run oil Continue Reading
API seeks US intervention in Mexico discrimination against US fuel companies
The American Petroleum Institute has asked the US government to urge Mexico to uphold its commitments to the United States-Mexico-Canada Agreement and to stop discrimination against US companies in Mexico’s Continue Reading
US gas exports to Mexico hit new record high on weather, economic reopening
US gas pipeline exports to Mexico surged to a new single-day record high this week, propelled by warming summer weather and a soft opening of Mexico’s economy earlier this month. Continue Reading
Mexican watchdog halts regulations hamstringing renewables at last minute: documents
A policy watchdog in Mexico this week halted the introduction of a set of regulations aimed at further restricting the participation of private clean energy generators in the country, according Continue Reading
Mexico’s economic outlook worsens amid pandemic, central bank says
Mexico’s economic and financial outlook has worsened amid the coronavirus pandemic, and temporary measures to shore up the financial system will remain in place, the central bank said on Wednesday. Continue Reading