Most U.S. motor gasoline exports go to Mexico
More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexico’s retail gasoline and diesel fuel markets, combined with low utilization of Mexico’s petroleum Continue Reading
Mexico’s Oil Sector Set For A Jolt
Several years on from the semi-privatization of its oil sector, Mexico has lined up tens of billions of dollars of potential investment in offshore drilling. But just as the fruits Continue Reading
Mexico’s landmark energy reforms are mired in regulatory delays
Oil firms that have won drilling rights during Mexico’s landmark energy reforms have made little progress on developing about two-thirds of the projects because of the nation’s tangled regulatory regime, Continue Reading
Mexico’s Pemex says testing crude for import could start in July
Mexican state-run oil company Pemex expects to begin testing light crudes as soon as July for possible import, looking to boost margins at its domestic refineries, its chief executive said Continue Reading
Mexico’s Pemex weighs beginning crude swaps later this year -CEO
Mexico’s state-run oil company Pemex could start swapping domestic heavy crudes for foreign light oil in the second half of the year to raise the quality of its fuels production, Continue Reading
Mexico’s Pemex expects to produce 1.98 million b/d of crude oil by the end of the year
Mexico state oil company Pemex expects to close 2018 by producing 1.98 million b/d of crude oil, 140,000 b/d more than March’s reported production, allowing it to achieve its annual Continue Reading
Mexican regulator launches auction for farmout of seven oil, gas clusters
Mexico’s National Hydrocarbon Commission (CNH) launched Thursday an auction to farm out seven onshore clusters under Pemex’s control in a bid to help the state oil company find financial resources Continue Reading
Pemex CEO says must move towards IPO, but not currently planned
The chief executive of Mexico’s national oil company Pemex [PEMX.UL] said on Wednesday it must move towards a stock exchange listing like Saudi Arabia’s Aramco has done but that such Continue Reading
Mexican election spells uncertainty for pace of energy reform implementation
Mexico’s 2018 elections could have far-reaching implications for the country’s energy reform, but any shift in policy would likely come from a slowdown in implementation rather than an outright reversal. Continue Reading
Crude processing in Mexico up 9 percent at 834,000 bpd: Pemex CEO
Mexican national oil company Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said on Continue Reading