Energy Is A Breaking Point In NAFTA Deal
Oil and gas is proving to be a sticking point in the NAFTA renegotiations, with the incoming Mexican president hoping to exclude the chapter on energy from the trade deal. Continue Reading
More Mexican Nat Gas Pipelines To Ease Permian Constraints
The ongoing expansion of the U.S.-Mexico cross-border natural gas pipeline capacity provides an additional outlet for the constrained Permian production in West Texas, but delays in some projects on the Continue Reading
Mexico Production and Reserves, 1H2018
Mexico C&C Production Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are Continue Reading
Analysis: South Korea’s refinery upgrades boon for Mexican Maya crude
Highlights Hyundai Oilbank to crack heavier crude even more efficiently Mexican Maya crude seen economical for better cracking margins Gearing up for IMO 2020 rule with upgraded crackers Singapore — Continue Reading
U.S. energy chief applauds Mexico’s plan to end fuel imports
U.S. Energy Secretary Rick Perry praised the goal set out by Mexico’s incoming president to end massive gasoline and diesel imports, nearly all of which come from the United States, Continue Reading
Is Mexico Set To Boost Oil Output?
On July 27, Mexican president-elect Andrés Manuel López Obrador said his government will earmark more than $9 billion for state-run energy companies next year and start working on a new Continue Reading
Delays In Mexico Cap Record U.S. Natural Gas Pipeline Exports
The United States is sending via pipelines record volumes of natural gas to Mexico, and although U.S. pipeline capacity to Mexico and production and exports have jumped in recent years, Continue Reading
Rising U.S. natural gas exports to Mexico capped by pipe delays
U.S. natural gas exports to Mexico hit all-time highs this month, but a slower-than-expected build out of pipelines inside Mexico has kept increases far below available capacity at the border. Continue Reading
The Shale Boom That Will Never Happen
When the National Hydrocarbons Commission of Mexico scheduled its first-ever shale tender for September this year, the July elections were obviously not front and center in the thoughts of its Continue Reading
Eni gets nod for major oil development offshore Mexico
The outcome from a potential $1.9 billion commitment to offshore Mexico could realize 90,000 barrels of oil per day from 2021, Italian energy company Eni said. Eni CEO Claudio Descalzi Continue Reading
Mexico’s Next President Will Pour Billions Into Oil
Incoming President-elect Andres Manuel Lopez Obrador, or AMLO, has promised to invest around 175 billion pesos ($9.4 billion) into the state-owned energy companies. One of the goals is to reverse Continue Reading
Feature: Mexico pivots to Asia for gasoline during US summer driving season
Mexican imports of gasoline from China in June spiked to a new monthly high in June, while imports from the US, Mexico’s most important gasoline supplier, declined in the same Continue Reading
Mexican president-elect outlines oil sector rescue plans
Mexico’s incoming president has begun fleshing out his rescue plan for the country’s long-neglected oil sector. Andrés Manuel López Obrador’s proposals include a $4bn capital injection for state oil company Continue Reading
Lopez Obrador seeks to boost Mexico oil output to 2.5 million bpd from 1.9 million
Mexican president-elect Andres Manuel Lopez Obrador said on Friday his administration will look to boost the country’s crude oil production to 2.5 million barrels per day (bpd) from 1.9 million Continue Reading
Mexico’s Pemex posts $8.2 billion net loss in second quarter
Mexican state-owned oil company Pemex on Friday reported a 163.16 billion peso ($8.2 billion) net loss for the second quarter due to foreign exchange losses and higher costs, according to Continue Reading
Mexico’s Lopez Obrador may struggle to boost size of country’s hydropower fleet
Mexico City — Mexico’s incoming President Andres Manuel Lopez Obrador faces market challenges and social concerns in his effort to increase the country’s hydropower generation capacity as he promised on Continue Reading
Mexico’s Next President Aims To End Foreign Fuel Imports In Three Years
Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the U.S., during the first three years of his term while also Continue Reading
Analysis: Mexico’s Lopez Obrador has reach to amend constitution, but will focus on strengthening Pemex
A broad coalition of left-wing parties could give Mexico’s President-elect Andres Manuel Lopez Obrador the ability to amend the constitution, but the new administration has said they don’t intend on Continue Reading
Mexico’s new government will honor oil contracts if they are clean: top aide
Oil and gas contracts awarded under the Mexican government’s energy reform will be respected by the incoming administration provided no problems emerge in a review of the tender process, the Continue Reading
Mexico’s New President Has The Energy Sector On Edge
Andrés Manuel López Obrador (AMLO) won a landslide victory in Mexico’s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power Continue Reading
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
Battle Over Oil Driller Tests Mexico’s Pledge to Level Playing Field for Energy Firms
A legal battle over a small oil-drilling company is testing Mexico’s promises of greater transparency and competition made five years ago when the country opened its oil industry. The company, Continue Reading
European Majors Join Race for Mexico Oil Bonanza in Gulf Waters
European oil majors are swarming the shallow-waters of the Gulf of Mexico as the country races to attract investment before an election. (Bloomberg) — European oil majors are swarming the Continue Reading
Weekly US gasoline exports breach 1 mil b/d amid weak Mexico production
US gasoline exports breached the 1 million b/d level in the week ended March 23, the fourth time this has happened and the first week it has ever occurred in Continue Reading
U.S. Oil Interests In Jeopardy If Key NAFTA Provision Is Removed
A group of more than 100 GOP Senators and House Representatives has called on President Trump to keep investor protection provisions in NAFTA intact. Otherwise, the group says, U.S. investments Continue Reading
Mexico expects $8 billion from offshore oil and gas auction
Mexico’s government estimates more than $8 billion will be invested over the lifetime of oil and gas contracts awarded in shallow waters in the Gulf of Mexico. The government said Continue Reading
Mexico May Have Just Held Its Last Oil Auction
In what may be Mexico’s last oil auction amid a possible presidential election shakeup, the Mexican authorities on Tuesday auctioned off 35 oil and gas areas, awarding its first blocks Continue Reading
Mexico takes aim at its section of the Eagle Ford shale
The state energy company in Mexico said it signed on with a partner to help extract natural gas from the Eagle Ford shale reservoir in the country. Petróleos Mexicanos, known Continue Reading
Mexico’s Oil Reserves Drop Again Despite Recent Discoveries
Mexico’s proven oil and gas reserves dropped again last year, after new certified discoveries—mostly by private foreign operators—were unable to keep pace with current production. According to data by Mexico’s Continue Reading
The value of U.S. energy exports to Mexico exceeded import value for third year in a row
Source: U.S. Energy Information Administration, based on U.S. Census Bureau In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of Continue Reading
Top Candidate Andres Manuel López Obrador Plots Big Shake Up for Mexico’s Oil Industry
The front-runner in July’s presidential election wants to upend Mexico’s newly-opened energy sector. Andres Manuel López Obrador, a leftist nationalist with a comfortable lead in the polls, has rattled investors Continue Reading
Oil And Gas Is Under Attack In Latin America
“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we Continue Reading
Mexico rushes to add heavy oil auction to 2018 calendar: official
Mexico wants to squeeze in a fifth oil auction this year, racing to put together a new package of shallow water heavy crude blocks for bidders before the current administration Continue Reading
Mexico’s Pemex eyeing partners for heavy oil projects: CEO
Mexico’s state-run Pemex [PEMX.UL] might bring partners into two heavy crude oilfields in the Gulf’s shallow waters, the company’s chief said on Tuesday, a move that could help ease a Continue Reading
CERAWEEK: Pemex Seeking Allies For Deepwater Blocks Won In Auction – CEO
Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction. HOUSTON, March 5 (Reuters) – Continue Reading
PEMEX Suffers $18 Billion Loss
The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, PEMEX. Continue Reading
Mexico To Offer First-Ever Shale Blocks In September Auction
Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, which has been Continue Reading
Brazil and Mexico, 2017 Summaries
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
How Shell hid a Whale before placing Mexican oil bet
The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The Continue Reading
Should Energy Investors Fear Mexico’s 2018 Elections?
Within a few months, Mexico will have a new President. With the incumbent Enrique Peña Nieto barred from running, the most likely winner is Andrés Manuel López Obrador, leading his Continue Reading
Presidential Front-Runner Wants to Reassess Mexico’s Energy Overhaul
The front-runner in Mexico’s presidential race would hit the brakes on the rapid pace of private investment in the country’s newly opened oil-and-gas sector if he wins the July election, Continue Reading