(Talos, 4.Nov.2020) — Talos Energy Inc. announced its financial and operational results for the third quarter of 2020. Key Highlights: — Production of 48.6 thousand […]
Category: Mexico
Mexico energy
Beat Invests In A Greener Future In LatAm, CDMX
(Beat, 6.Oct.2020) — An electric fleet for all passengers that sets their hearts on an experience that transcends the limits of simply moving from point […]
Mexico Announces Infrastructure Projects
(Platts, 5.Oct.2020) — Mexico announced on Oct. 5 a set of infrastructure projects worth almost $14 billion to reactivate the economy, including a new coker […]
Mexico Unveils Investment Plan Worth Nearly $14 bln
(Reuters, 5.Oct.2020) — Mexico’s government and business leaders on Monday presented a series of planned investments worth over 297 billion pesos ($13.83 billion) which President […]
IEnova To Report 3Q:20 Earnings On 21 October
(Sempra 1.Oct.2020) — Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its third-quarter 2020 earnings by 6 p.m. ET, […]
Morena Seeks End To Mexico’s Energy Investment
(Argus, 15.Sep.2020) — Mexico’s ruling Morena party presented a constitutional reform proposal that would roll back the historic 2014 energy reform and seek to rescind […]
Pemex Head Visits Sonda de Campeche
(Energy Analytics Institute, 11.Sep.2020) — Pemex head Octavio Romero Oropeza visits workers on the Ayatsil-C y Akal-B platforms in Sonda de Campeche. See these stories […]
Mexico Slashes Crude Targets In 2021 Budget
(Argus, 9.Sep.2020) — Mexico’s government slashed its crude oil output forecast for the next four years, with next year’s target down by 11pc from the […]
Mexico’s Environment Minister Resigns
(Reuters, 2.Sep.2020) — Mexico’s environment minister has resigned after clashing with colleagues over policy priorities, prompting President Andres Manuel Lopez Obrador to defend the government’s […]
Mexico’s Obrador Says 2021 Budget Includes Refinery
(Reuters, 2.Sep.2020) — Mexican President Andres Manuel Lopez Obrador said on Wednesday the 2021 budget would call for spending on priority infrastructure, including refineries and […]
Manuela Molina Named Sempra’s IR Vice President
(Sempra, 2.Sep.2020) — Sempra Energy announced that Manuela “Nelly” Molina, currently chief financial officer for Sempra Energy’s Mexico subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. […]
Mexican Oil Union Hints At Strike On Safety Concerns
(Argus, 1.Sep.2020) — Mexico’s oil workers union (STPRM) called on state-owned Pemex to resolve serious operational, safety and security concerns. “We demand our concerns are […]
Mexico’s Lopez Wants Plan To Execute Energy Vision
(Reuters, 11.Aug.2020) — Mexico’s president has given officials until late September to craft a plan to reassert state control over the energy industry as an […]
Work Continues At Dos Bocas In Mexico
(Energy Analytics Institute, 3.Aug.2020) — Construction work at the Dos Bocas refinery continues, according to recent details from Mexico Energy Secretariat published on Twitter. __________ […]
Mexico To Launch World’s Largest Oil Hedge – Sources
(Reuters, 24.Jul.2020) — Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said […]
Sener To Boost Jobs During Salamanca Refinery Rehab
(Energy Analytics Institute, 15.Jul.2020) — Mexico’s Energy Secretariat anticipates a rise in the number of workers to be employed during the rehabilitation of the Salamanca […]
Talos Instructed To Unitize Zama Field Within 120 Days
(Talos, 9.Jul.2020) — Talos Energy Inc. announced that on 7 July 2020, that it received a notice from Mexico’s Ministry of Energy (SENER) instructing the […]
Sener Authorizes Unification Of Zama Shared Deposit
(Energy Analytics Institute, 8.Jul.2020) — Mexico’s Energy Secretary (Sener) instructed the unification of a shared reservoir between the Zama field discovered through Contract CNH-R01-L01-A7 / […]
US Gas Exports To Mexico Set To Rise
(EIA, 6.Jul.2020) — Exports of natural gas by pipeline are the largest component of U.S. natural gas trade, accounting for 40% of all U.S. gross […]
Sempra’s IEnova Unit To Report 2Q:20 Earnings 22 Jul.
(Sempra, 1.Jul.2020) — Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its second-quarter 2020 earnings by 6 p.m. ET, […]
Maersk Awarded Deal Offshore Suriname
(Evercore ISI, 30.Jun.2020) — Maersk Drilling announced the 6th-Gen Maersk Developer was awarded a one-well exploration contract from Petronas for offshore Suriname. The $20.4M backlog […]
Mexico Antitrust Body Takes On Govt Over Energy Policy
(Reuters, 22.Jun.2020) — Mexico’s antitrust regulator said on Monday it had filed a suit at the Supreme Court against the energy ministry, arguing that steps […]
Mexico’s Lopez Says He’d Sell Fuel To Venezuela
(Reuters, 15.Jun.2020) — Mexican President Andres Manuel Lopez Obrador said on Monday his country would, for “humanitarian” reasons, sell gasoline to Venezuela if asked to […]
Mexico’s Oil Hedge To Be Pricier
(Reuters, 15.Jun.2020) — Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go […]
Mirage Inks Deal With The State Of Puebla
(Mirage, 11.Jun.2020) — Mirage Energy Corporation signed an agreement with Energy Agency of the State of Puebla to develop a pipeline infrastructure project to deliver […]
Power Rate Hike To Hurt Renewable Energy Firms
(Reuters, 11.Jun.2020) — An influential Mexican business lobby on Thursday warned a hike in the price that private power producers pay to access the country’s […]
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, […]
CNH Again Extends Timeframe For Oil Permits
(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect […]
Oil Workers In Mexico Plead To Come Home
(The Guardian, 4.Jun.2020) — Dozens of Trinidad and Tobago oilfield workers in Mexico have issued a plea to the government to allow them to return […]
Pemex Continues With Tula Refinery Contingency
(Energy Analytics Institute, 3.Jun.2020) — Pemex’s “Miguel Hidalgo” refinery in Tula carried out preventive measures to mitigate the risks of the Covid-19 pandemic among its […]
Mexico Probes Libre Abordo Pact With Venezuela
(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]
Libre Abordo Announces Bankruptcy
(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
LatAm Infrastructure Projects At Risk
(Fitch Ratings, 27.May.2020) — Latin American infrastructure projects face heightened risk of grantor payment delays driven by the increased pressure the coronavirus pandemic is placing […]
Mexico’s Registers $3.09bn April Trade Deficit
(Market Watch, 25.May.2020) — Mexico ran up a $3.09 billion trade deficit in April as the shutdown of many industries to counter the spread of […]
Mexico To Remain In Opec+, No Output Cuts Planned
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. […]
Pemex Reiterates No Fracking Mandate
(Energy Analytics Institute, Jared Yamin, 22.May.2020) — Mexico’s state oil company Petróleos Mexicanos or Pemex announced it remains committed to not conducting fracking activities as […]
NOCs To Slash Exploration Budgets
(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. […]
Energy Dispute Deepens Between In Mexico
(Reuters, 16.May.2020) — The European Union and Canada have formally raised concerns to Mexico about rules they say endanger renewable energy projects, escalating tensions with […]
FBI Probes Firms Over Venezuela Oil Trading
(Reuters, 13.May.2020) — The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. […]
Pemex’s Oil Reserves Replacement Rate Jumps
(Reuters, 11.May.2020) — The replacement rate of proven oil and gas reserves estimated by Mexican national oil company Pemex soared in 2019 compared to the […]
Pemex Files 2019 Annual Report, Form 20-F
(Pemex, 11.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, […]
Pemex’s $44/bl Hedge Floor Adds Ps30bn To Deficit
(Argus, 7.May.2020) — The hedge contracted by Mexico’s state-owned Pemex has a floor of $44/bl, leaving the company exposed to losses below that following the […]
Qatar Petroleum Enters Into Three Mexican Blocks
(Qatar Petroleum, 5.May.2020) — Qatar Petroleum entered into three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 […]
Cairn Provides Mexico Drilling Update
(Cairn Energy, 5.May.2020) — Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, […]
Pemex Presents Audited Stmts As Of 31 Dec. 2019
(Pemex, 4.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, […]
Repsol Makes Deepwater Oil Find In Mexican Waters
(Repsol, 4.May.2020) — Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 […]
PTTEP Says Two New Oil Discoveries Offshore Mexico
(Reuters, 4.May.2020) — Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the […]
Mexico Indefinitely Halts New Clean-Energy Plans
(Bloomberg, 2.May.2020) — Mexico’s Centro Nacional de Control de Energia (Cenace), which oversees the electrical system, indefinitely suspended critical tests for new clean-energy projects as […]
Pemex Posts Massive $23.6bn 1Q:20 Loss
(Reuters,30.Apr.2020) — Mexican state oil company Pemex on Thursday said it had posted a $23.6 billion (562.13 billion peso) loss in the first quarter due […]
US Seeks To Investigate Mexico Oil-For-Food Pact
(Reuters, 29.Apr.2020) — The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in […]