Mexico’s energy industry strategy will be overhauled if the frontrunner for the next presidential term, Andres Manuel Lopez Obrador, wins the July election, his senior energy adviser said in an Continue Reading
By entering the “most important energy forum in the world,” Mexico is the newest, and first Latin American, country to join the IEA, its government announced. Mexico deposited its signature Continue Reading
Mexico’s energy reform that ended a state monopoly has so far fared fairly well in the upstream sector, with oil majors snatching up offshore oil blocks in auctions. In the Continue Reading
The sale will be Mexico’s biggest, in terms of fields and expected investment, since Pemex’s monopoly ended in 2013. (Bloomberg) — If you’re a super-major oil explorer, Mexico says it’s Continue Reading
Over the past decade, Mexico’s crude oil production has been falling due to a natural decline at mature fields and a lack of significant start-ups to compensate. Over the past Continue Reading
A big winner from surging imports of energy products into Mexico from the United States is the rail industry, benefiting from weak pipeline systems beset by a lack of connectivity, Continue Reading
Twenty-nine companies including a bevy of majors are seeking to pre-qualify for bidding in Mexico’s second auction of deep-water oil blocks in the Gulf of Mexico, scheduled for the end Continue Reading
Sempra’s natural-gas deliveries halted by indigenous group It’s deja-vu for Mexican planners beset by local opposition A chunk of Sempra Energy ’s natural gas pipeline sits in the dirt behind Continue Reading
Italian energy company Eni said Tuesday the results of a well off the coast of Mexico meant it could raise its oil reserve estimate by more than 40 percent. The Continue Reading
Ford says it will build driverless vehicles at a Michigan plant previously designated for electric car production. Almost a year ago, after heavy criticism from President-elect Donald J. Trump, Ford Continue Reading
U.S. imports of Mexican crude last month climbed above 800,000 bpd for the first time since November 2014. This is the result of a number of factors, but in large Continue Reading
The state-run oil company PEMEX blamed the failure of a recent deep-water Gulf of Mexico auction in the on competition from ongoing tenders in Brazil, according to a new report Continue Reading
U.S. oil major Chevron Corp will focus on studying the geology of its block in Mexico’s deepwater Gulf during the first four-year phase of its contract, rather than drilling new Continue Reading
Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said on Friday.Crude output rose by 9.9 percent from the Continue Reading
As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led by Exxon Mobil Corp and Continue Reading
Mexican state oil giant Petróleos Mexicanos hopes that a recent major oil discovery will make it a more attractive partner as it considers whether to expand a program of joint Continue Reading
Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Continue Reading
Uncertainty about the fate of the North American Free Trade Agreement (NAFTA) and investor protections it guarantees could crimp future investment in Mexico’s oil industry, including a high-stakes January deepwater Continue Reading
Mexico spent some 24.1 billion pesos ($1.26 billion) on contracts to hedge its 2018 oil exports, Finance Ministry Chief Economist Luis Madrazo said on Tuesday, part of government’s efforts to Continue Reading
Mexico’s Pemex reported a narrower loss in the third quarter on Friday, but results for the state-run oil company were weighed down by a sharp slump in crude output. The quarterly Continue Reading
Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors. HOUSTON/RIO DE JANEIRO, Oct 26 (Reuters) – Brazil and Mexico are competing for a diminishing Continue Reading
Three pipelines connecting the Permian Basin to Mexico came online with total capacity of 3 billion cubic feet per day or bcfd early 2017, but flows have been at a Continue Reading
OPEC has not yet approached Mexico to discuss the possibility of extending the oil production cut deal sealed last November, Mexico’s deputy energy minister Aldo Flores told Reuters. Mexico was Continue Reading
Just as Mexico’s oil industry was starting to get off the ground with foreign players entering, Mexico is throwing a wrench in the works with its consideration of new regulations Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
More bad news for Mexico’s state-run Pemex as the live auction for its shallow-water Ayin-Batsil oil play in the Gulf of Mexico failed to attract any offers for partnership. This Continue Reading
The liberalization of Mexico’s energy sector has the potential for big impacts on American operations, as the country is a major market for U.S. oil and gas. Demand for oil, Continue Reading
Three years ago, Mexico opened its energy sector to private investments in a landmark energy reform that ended more than seven decades of monopoly of its state firm, Pemex. Now Continue Reading
Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. After bidding alone for exploration rights Continue Reading
The largest crude oil refinery in Mexico, Salina Cruz, will take between three and four weeks to bring back online after the magnitude-8 earthquake that struck the country last week. Continue Reading
Minutes before midnight, warning sirens blared across this earthquake-anxious capital. This, in itself, was not unusual. Temblors are common here, and in recent years Mexico City has held annual disaster Continue Reading
Mexican President Enrique Pena Nieto said on Friday operations at the Salina Cruz refinery on Mexico’s southern coast were temporarily suspended as a precautionary measure following a major earthquake nearby. Continue Reading
While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that Continue Reading
The second round of NAFTA negotiations that concluded yesterday in Mexico City sought ways to enshrine the 2014 energy sector reforms that the Enrique Pena-Nieto government had launched to overhaul Continue Reading
Dutch supermajor Shell said it’s opened its first retail gasoline service station in Mexico, one of the largest gasoline markets in the world. Shell said it opened a service station Continue Reading
Energy companies that sat on the sidelines during other recent trade negotiations are getting more involved on Nafta. (Bloomberg) — The Trump administration is easing environmental regulations and opening up Continue Reading
Last year, the bilateral trade of energy (including natural gas, oil and power) between the U.S. and Canada was about U.S $55 billion, with oil being 80 percent of the Continue Reading
While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that Continue Reading
Natural gas has been hailed as the bridge between fossil fuels and renewables. Global gas demand has been growing at an average annual 2.3 percent over the last ten years, Continue Reading
The state economy for Texas is capitalizing on cross-border movements of natural gas to Mexico, a director at a state energy regulator said. Texas Secretary of State Rolando Pablos served Continue Reading
Last year, Brazilian construction firm Odebrecht and affiliated petrochemical company Braskem pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of Continue Reading
A recent output disruption at Mexico’s largest refinery may have contributed to Colonial Pipeline’s June decision to cancel some shipping on its gasoline-only Line 1, USGC gasoline market sources have Continue Reading
U.S. energy sales account for more than 50 percent of Mexico’s current energy imports as Mexican energy reforms open the market and as the country is switching to natural gas-fired Continue Reading
Mexican national oil company Pemex’s [PEMX.UL] crude output dropped slightly in June compared with the previous month, while exports rose 21 percent, the company said. Pemex produced 2.01 million barrels Continue Reading
Buying stolen gasoline in the central Mexican state of Puebla is easy. Pull off the main highway into a busy parking lot, and the black marketeers are waiting in pickup Continue Reading
Mexico’s government announced it held its first auction to access capacity to natural gas infrastructure as part of the country’s sweeping energy reforms. Hundreds of companies placed bids to access Continue Reading
Mexico will announce later this week the bid terms and blocks up for grabs in its next deepwater oil tender, which may include the first areas from the Cordilleras Mexicanas Continue Reading
An energy company working off the eastern coast of Mexico said Wednesday it made a discovery that could hold as much as 2 billion barrels of oil. Talos Energy, working Continue Reading
A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors as it lacks the wherewithal to reverse years of sagging Continue Reading
