The Mexican army took control of state oil company Pemex refineries where some unionized workers were preventing access to strategic areas. Mexican President Andres Manuel Lopez Obrador said that at Continue Reading
The downward trend in output from Mexico’s state oil company Pemex continued in November as oil and gas production fell 2.7% and 2.3% respectively, from the previous month, company data Continue Reading
The possibility that Pemex under the administration of Mexican President Andres Manuel Lopez Obrador will import light crude oil in 2019 is seen as a positive sign, market observers said Continue Reading
Qatar Petroleum bought from Italy’s Eni a 35 percent interest in three offshore fields in Mexico’s Campeche bay area 1, estimated to yield over 100,000 barrels of oil by 2021. Continue Reading
Mexico’s oil major Pemex will spend US$23 billion next year, up 14 percent on 2018, with focus on already producing fields in the shallow waters of the Gulf of Mexico Continue Reading
Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, Continue Reading
Qatar Petroleum signed a deal with Italy’s Eni late Sunday to acquire a 35% stake in three offshore oilfields in Mexico, QP said in a statement. Receive daily email alerts, Continue Reading
Pump more oil in three years! That is new Mexican President Andrés Manuel López Obrador’s ultimatum to his country’s oil industry. The left-wing nationalist has announced an ambitious 75bn peso Continue Reading
Mexico’s energy regulator on Tuesday canceled two oil field auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until Continue Reading
On Tuesday, just days after president Andrés Manuel López Obrador took office in Mexico, the Mexican government announced that it would be suspending a scheduled auction of long-term, clean-energy contracts. Continue Reading
Mexico’s new President Andres Manuel Lopez Obrador said on Wednesday he will not cancel contracts issued to foreign and national oil companies by his predecessors but challenged them to pump Continue Reading
Mexico’s largest challenge is replacing mature fields, which provide over 70% of oil output Shell, Petronas, Qatar Petroleum expected to be largest private investors over the coming years Mexico City Continue Reading
State oil company Pemex is set to add a billion barrels of oil equivalent to reserves after discovering a gas field that, within four years, will yield 80,000 barrels per Continue Reading
At the end of this month, on November 30, the sun will set for the very last time over a PRI and PAN presidential reign that has lasted for more Continue Reading
BP Plc and Total SA are among international gasoline retailers that are facing a supply shortage in Mexico because of soaring fuel theft and weather issues. At least seven terminals Continue Reading
Repairing pipeline taps takes time, leading to supply shortages. Illegal taps on petroleum pipelines coupled with supply chain disruptions caused by Hurricane Willa have resulted in fuel shortages in Guanajuato. Continue Reading
Washington — DOE, OPIC to develop list of projects under new Build Act authorities Receive daily email alerts, subscriber notes & personalize your experience. Register Now Mexico project could entail Continue Reading
Pemex’s total refining utilization rate during the third week of October has reached a record low of 25.7%, an operation report from the Mexican state company showed Tuesday. The company Continue Reading
Mexican state oil company Pemex crude oil production fell to 1.83 million barrels per day in the third quarter ended September, compared with 1.87 million barrels per day in the Continue Reading
President-elect Andres Manuel Lopez Obrador’s decision to cancel the construction of the $13-billion New International Mexico City Airport (NAICM) sets a concerning precedent for energy investments in the country, multiples Continue Reading
Pemex may import more US crude after Bakken tender Mexico targets new refining capacity to curb oil product imports Lopez Obrador expected to press for more upstream investment Washington — Continue Reading
Pemex’s buying of four US Bakken crude cargoes should help it maximize the efficiency of its 330,000 b/d Salina Cruz refinery, although future imports are no sure thing as they Continue Reading
Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the country’s failed economic Continue Reading
Kansas City Southern increased the number of fuel carloads moved into Mexico from the US by 164% year over year in the third quarter of 2018, the company said Tuesday. Continue Reading
Highlights Pemex refineries at 32.3% of capacity Looks to run Bakken at Salina Cruz Mexico demand growth flattens Mexico City — Receive daily email alerts, subscriber notes & personalize your Continue Reading
At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources say, but gave no sign Continue Reading
Mexican state oil company Pemex expects to add 210,000 b/d and 350 MMcf/d of new production by the end of 2020 from the development of six shallow water fields in Continue Reading
Mexico’s state-run Pemex [PEMX.UL] said on Tuesday it has discovered up to 180 million barrels of crude oil in the Gulf of Mexico’s shallow waters, a find that is expected Continue Reading
The revamped Nafta deal has raised the prospect of investment picking up again in Mexico, but foreign investors remain wary of the incoming president’s proposed policies and will be closely Continue Reading
Mexico could see electricity prices drop by as much as 40 percent by deploying more renewable energy generating capacity. This is the conclusion of a study carried out by the Continue Reading
Average prices could drop to $38/MWh in 2024 from $64 in 2017 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Mexico in 2017 generated 21% of Continue Reading
Mexico’s President-elect Andres Manuel Lopez Obrador has assured oil companies operating in the country that no oil contract will be cancelled as long as it complies with its terms, Reuters Continue Reading
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex Continue Reading
Mexico’s state-owned oil company Pemex plans to start importing up to 100,000 barrels of light crude daily, ending decades of oil self-sufficiency as declining domestic production meets rising energy demand. Continue Reading
The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened Continue Reading
With growing demand for natural gas for power generation and other applications, Mexico needs to prioritize a domestic production increase, the head of Mexico’s National Hydrocarbons Commission told Reuters this Continue Reading
To recover Mexico’s natural gas production, the country’s National Hydrocarbon Commission (CNH) has recommended creating a state-owned upstream company dedicated exclusively to gas, the regulator said in a technical document Continue Reading
Mexican President-elect Andres Lopez Obrador has said the country’s oil production will climb to 2.6 million b/d by the end of his six-year term from 1.8 million b/d today. To Continue Reading
Mexico’s elected government has stayed true to President-elect’s campaign promise to review all oil contracts sealed by the previous administration and has started the review process for a contract with Continue Reading
Mexico could be at the precipice of a region-wide energy revolution, and natural gas is the key. The future of Mexico’s gas sector will be up for debate at the Continue Reading
After winning a landslide 53 percent of the vote on a platform focusing on major reform, incoming Mexican President Andres Manuel Lopez Obrador is already making headlines before he’s even Continue Reading
Mexican President-elect Andres Manuel Lopez Obrador said on Saturday that crude production in the country is expected to reach at least 2.6 million barrels per day (bpd) by the end Continue Reading
Mexico’s President Andres Manuel Lopez Obrador has plans to build the country’s largest refinery with a capacity to produce 400,000 barrels of gasoline daily, Reuters reports , citing comments by Continue Reading
A document seen by Reuters , drafted by advisors to incoming Mexican president Andres Manuel Lopez Obrador (AMLO), proposes withdrawing Mexico from the International Energy Agency (IEA) and moving closer Continue Reading
Industry groups representing the energy sector were upbeat about improved U.S. trade relations with Mexico, but expressed concern about the lack of detail. Calling it the “United States-Mexico Trade Agreement,” Continue Reading
Mexico’s incoming government is considering indefinitely suspending auctions for oil and gas projects, and giving state-owned Pemex authority to pick its own joint-venture partners rather than holding competitive tenders, according Continue Reading
Mexico’s president-elect Andres Manuel Lopez Obrador (AMLO) will reportedly suspend oil auctions for at least two years, according to the Wall Street Journal , with some experts believing that his Continue Reading
New pipeline capacity additions on both sides of the border have helped U.S. natural gas pipeline exports to Mexico to jump to their highest level on record in July. American Continue Reading
Mexico’s gasoline imports reached 653,000 b/d, a new record for July, Energy Secretariat data showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now July imports were Continue Reading
The incoming administration won’t propose changes to Mexico’s Constitution, which was amended in 2013 to allow for private investment in oil and gas, but will use its majority in Congress Continue Reading
