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(Woodside, 16.Oct.2024) — Woodside Energy reported record third-quarter 2024 production of 53.1 MMboe (577 Mboe/d), up 20% sequentially from the second-quarter 2024 due to ramp-up of Sangomar offshore Senegal, increased uptime across operated assets including 99.9% LNG reliability at Pluto and increased seasonal domestic gas demand. Woodside narrowed its full- […]
Category: Mexico
Mexico energy
Miros Secures ISO 27001 Certification for ISMS
(Miros, 15.Oct.2024) — Miros, involved providing real-time ocean insights for maritime operations, has successfully obtained ISO 27001, the world’s leading standard for information security management systems (ISMS). A major milestone in the company’s mission to set the highest standards for information protection, this internationally recognized certification sets out guidance for […]
Deadly Houston Fire Highlights Pemex’s Grim Safety Record
(Bloomberg, 14.Oct.2024) — A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, halted some of its operations after a hydrogen […]
Pemex Deer Park Scales Back Operations after Accident
(Reuters, 12.Oct.2024) — Mexican national oil company Pemex‘s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, the company said in a statement late on Friday. The state-owned oil company added that it continues to investigate the cause of […]
LatAm NRG matters, highlights, heard: YPF partner search, Woodside acquires Tellurian
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. —Argentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in […]
Pemex’ general director Padilla provides Deer Park accident update
MEXICO CITY, MEXICO (Energy Analytics Institute, 11.Oct.2024) — PetrĂłleos Mexicanos (Pemex) general director VĂctor Rodriguez Padilla provided an immediate briefing related to the 10 Oct. 2024 accident at the state company’s Deer Park refinery in Houston, Texas. Padilla said a sulfur gas leak at the refinery in Houston impacted 35 workers of […]
CSB to Probe Fatal Release at Pemex Refinery in Deer Park
(CSB, 11.Oct.2024) — The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that it is launching an investigation into a  fatal release of hydrogen sulfide  at the Pemex petroleum refinery in Deer Park, Texas, which occurred yesterday, October 10. Two contract workers died as a result of  the release, […]
Clica Declared Protected Natural Area, not an Expropriation
(Energy Analytics Institute, 11.Oct.2024) — The head of Mexico’s Ministry of Environment and Natural Resources (Semarnat) declared the Calica mine a Protected Natural Area (ANP by its Spanish acronym) and not an expropriation. The details were revealed by the Semarnat Secretary Alicia Bárcena Ibarra, who presented the case of Calizas […]
New Pemex refinery at about 80% of capacity: Sheinbaum says
MEXICO CITY, MEXICO (Reuters, 10.Oct.2024, Words: 220) — Mexico’s state-owned Pemex’s new oil refinery is processing crude at about 80% of its capacity, the country’s president said on Thursday, an amount that marks a big jump from the company’s latest official data. The Olmeca refinery located near Mexico’s Gulf coast port of Dos Bocas […]
Saguaro LNG Endangers California Marine Life, Activists Warn
(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, a planned liquefied natural gas (LNG) plant and export terminal. The US $14 billion project led by the Houston-based company […]
Sheinbaum Says Mexico Not Looking to Boost Nuclear Energy
(Energy Analytics Institute, 10.Oct.2024) — Mexico’s President Claudia Sheinbaum said her country had no plans to boost its nuclear capacity. “I’m not pro-nuclear because nuclear has other environmental impacts,” Sheinbaum during her 10 Oct. 2024 daily news briefing with the media. “It doesn’t emit greenhouse gases that provoke climate change […]
Mexico’s New President Promises to Resume Fight Against Climate Change
(AP, 5.Oct.2024) — In her first days as Mexico’s new president, Claudia Sheinbaum made a point of distancing herself from the fossil fuel reliance promoted by her predecessor and mentor, AndrĂ©s Manuel LĂłpez Obrador, and vowed to resume an energy transition that he halted. “We are going to boost renewable […]
LatAmNRG matters, highlights, heard: Argentina LNG, $7.3bn Amber-Citgo deal
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 4.Oct.2024, Words: 423) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 4 Oct. 2024. LATIN AMERICA —Argentina: Malaysian energy giant Petronas, which has generated a ton of noise in recent wks about its rumored departure from […]
Sheinbaum Keeps Morning Briefings, Though her Style is Unlike AMLO’s
(AP, 2.Oct.2024) — Mexico’s new President Claudia Sheinbaum started her day Wednesday much like her political mentor, ex-President AndrĂ©s Manuel LĂłpez Obrador, began most of his: with an early morning news briefing from the National Palace. LĂłpez Obrador’s news briefings, known as the “mañaneras,” were marathon affairs, featuring folksy dialogue, […]
Talos Adopts Limited Duration Stockholder Rights Plan
(Talos, 1.Oct.2024) — Talos Energy Inc. announced that its Board of Directors has adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights Plan is effective immediately and will expire on 1 Oct. 2025, unless approved by Talos stockholders at the company’s next Annual Meeting. The Board may […]
New Fortress Sends Off First Full Cargo from Altamira
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. announced that its Fast LNG (FLNG) asset located offshore Altamira, Mexico has achieved First Full Cargo & Sail Away. The first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe, New Fortress said 30 Sep. 2024 […]
Pemex Posts Drop in Oil Output as AMLO Exits
(Reuters, 27.Sep.2024) — Crude output by Pemex fell in August as Mexico’s national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country’s outgoing president. While locally produced petroleum product volumes rose during the […]
Mexican elite shun lawmakers who advanced AMLO’s judicial reform
MEXICO CITY, MEXICO (By Bloomberg, 18.Sep.2024, Words: 875) — Alejandra Chedraui was once part of Mexico City’s smart set, her wedding photos and family portraits appearing regularly in local newspapers’ society pages. Last week, she became a pariah. The reason: She was one of the lawmakers who voted for President Andres Manuel […]
Hoymiles Inaugurates Mexico Manufacturing Facility in Monterrey
(Hoymiles, 18.Sep.2024) — Hoymiles, a provider of PV & energy storage solutions, officially inaugurated its first overseas manufacturing facility in Monterrey, Mexico, marking a significant milestone in the company’s global expansion strategy. Located in the Vynmsa Industrial Park, just 6 km from the airport, the 6,700-m2 facility is equipped with comprehensive production […]
Vizsla Silver Announces $65mn Bought Deal Offering
(Energy Analytics Institute, 16.Sep.2024) — Vizsla Silver Corp. has entered into an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of underwriters, pursuant to  which the Underwriters have agreed to purchase, on a bought deal basis, 25,000,000 common shares, at a price of $2.60 per Common Share, for […]
FACT SHEET: US-Mexico bilateral relations
(Bureau of Western Hemisphere Affairs, 16.Sep.2024, Words: 3,670) — Mexico remains one of the United States’ closest and most valued partners, with a 2,000-mile shared border containing 47 active land ports of entry, and a shared history that has established deep cultural and people-to-people ties over 200 years of diplomatic relations. […]
Woodside Execs Visit NYSE in First Equity Market Briefing
(Energy Analytics Institute, 16.Sep.2024) — Woodside Energy completed its first North American equity market briefing at the New York Stock Exchange (NYSE) on 16 Sep. 2024, the Australian company’s CEO Meg O’Neill announced on LinkedIn. Woodside was initially listed on the NYSE in 2022 when the company merged with BHP’s […]
STRYDE Awarded Landmark Seismic Contracts in Mexico
(STRYDE, 4.Sep.2024) — STRYDE, the company behind the world’s smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios SĂsmicos de ExploraciĂłn (SSE) and SeisGlobe Geoservices. These contracts represent STRYDE’s first projects in Mexico and strengthen its foothold in the Latin American market. Under the first […]
Sempra BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Sempra declared a $0.62/share quarterly dividend on the company’s common stock, which is payable 15 Oct. 2024, to common stock shareholders of record at the close of business on 26 Sep. 2024. Sempra’s Board of Directors also declared a semi-annual […]
Golden Minerals to Sell El Quevar Silver Project in Argentina
(Golden Minerals, 3.Sep.2024) — Golden Minerals Company signed a letter agreement to sell Silex Argentina S.A., its wholly-owned subsidiary that owns the El Quevar Project, and also provided updates on additional corporate activities. Silex Argentina Sale The company signed a Letter Agreement (the “Letter Agreement”) with Butte Energy Inc. whereby […]
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization
(New Fortress Energy, 3.Sep.2024) — New Fortress Energy Inc. has received authorization from the United States Department of Energy (DOE) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years. […]
Amigo LNG inks LNG supply deal with OQ Trading, Oman
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 30.Aug.2024, Words: 233) — Amigo LNG SA de CV of Mexico, a subsidiary of LNG Alliance Pte Ltd, Singapore, entered into a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro EnergĂa LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President AndrĂ©s Manuel LĂłpez Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that it was impossible to break it. LĂłpez Obrador, also known as AMLO, made the statements on 26 Aug. 2024 during […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) — New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore Altamira, Mexico (FLNG) has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed the significant milestone […]
Mexico’s First LNG Cargo Sails, Launching New Business for Pipes
(East Daley, 16.Aug.2024) — New Fortress Energy (NFE) has loaded the first cargo from its floating LNG platform offshore Altamira, Mexico. The start-up of Mexico’s first liquefaction project will contribute new demand at the Agua Dulce hub in South Texas and boost business for two pipelines in particular. In a […]
Woodside Signs Sponsorship Deal With Mexican Football Team
(Woodside, 15.Aug.2024) — Woodside Energy will sponsor the Jaiba Brava football team for the next three years. Jaiba Brava plays in the Liga BBVA ExpansiĂłn MX division within the Mexican Football League, and hosts its home games at the Tamaulipas Stadium, located between the municipalities of Tampico and Ciudad Madero, in Tamaulipas. The […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) — Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it on Rating Watch Negative. The senior secured debt has been downgraded to ‘B+’/’RR4’ from ‘BB-‘/’RR4’. ‘RR4’ denotes average recovery in the event of default. The […]
Sheinbaum taps first woman to lead state power firm CFE
(Reuters, 12.Aug.2024) — Mexican President-elect Claudia Sheinbaum on Monday named Emilia Esther Calleja to lead state power firm Comision Federal de Electricidad (CFE), making her the first woman to hold the post. Calleja has held a number of posts at the power company over the past two decades and adds […]
Borr Announces Certain 2Q:24 Preliminary Results
(Borr, 9.Aug.2024) — Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 June 2024. The company expects for the three months ended 30 June 2024: (i) total operating revenues of approximately $272mn, an increase of $38mn or 16% compared to the first quarter of 2024, (ii) operating income of approximately $104mn, an […]
New Fortress Reports on 2Q:24 Results, Fast LNG
(New Fortress, 9.Aug.2024) — New Fortress Energy Inc. reported its financial results for the second quarter of 2024. Summary Highlights — Adjusted EBITDA(1) of $120mn in the second quarter of 2024 — Second quarter results do not include $107mn of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings […]
GoGold Releases 3Q:24 Results
(GoGold, 8.Aug.2024) — GoGold Resources Inc. announced the financial results for the quarter ending 30 June 2024. The Company generated revenue of $10.4mn (all amounts are in U.S. dollars) from the sale of 365,119 silver equivalent ounces. “During the quarter, we passed 10 years of continuous production at Parral. We constantly make efforts to optimize […]
Petrobras on Shareholder Remuneration
(Petrobras, 8.Aug.2024) — Petrobras informs that its Board of Directors approved, in a meeting held today, the payment of interim and intermediate dividends, as well as interest on equity (JCP), in the amount of R$13.57bn, equivalents to R$1.05320017 per outstanding common and preferred share. The proposed distribution is in line with […]
Huasun to Showcase Solar Products at Intersolar South America, Mexico
(Huasun, 7.Aug.2024) — Huasun Energy, a manufacturer in n-type silicon-based heterojunction (HJT) solar technology, is set to return to Latin America with a notable presence at both Intersolar South America from 27-29 August 2024 and Intersolar Mexico from 3-5 Sep. 2024. The company will present the latest developments in its technology and product range of […]
Sempra Reports 2Q:24 Earnings
(Sempra, 6.Aug.2024) — Sempra today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713mn, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603mn, or $0.95 per diluted share. On an adjusted basis, the company’s second-quarter 2024 earnings were $567mn, or $0.89per diluted share, compared to $594mn, or $0.94 per diluted share in […]
Luca Mining Engages Mining Contractor for Campo Morado
(Luca Mining, 6.Aug.2024) — Luca Mining Corp. has engaged Cominvi, S.A. de C.V. to carry out core mining operations at the Company’s 100% owned Campo Morado copper-zinc-gold mine located in the state of Guerrero in southwestern Mexico. Cominvi is one of the largest and most respected mining contractors in Latin America with a particular expertise in […]
BYD Explores Canadian Auto Market Entry -Regulatory Filing
(Reuters, 30.Jul.2024) — Chinese EV maker BYD is looking to enter the Canadian automotive market, according to a regulatory document filed earlier this month, even as Canadian officials consider imposing tariffs on vehicles imported from China. Canada, following in the footsteps of the United States and the European Union, said in […]
Luca Mining Completes Construction of Tahuehueto Gold Mine
(Luca, 25.Jul.2024) — Luca Mining Corp. has completed construction of its new, 100% owned Tahuehueto gold mine located in Durango State, Mexico. Tahuehueto is a fully permitted underground operation with a 1,000 tonne per day (tpd) nameplate processing capacity. The mine was completed within budget and has been successfully producing on a […]
Pemex Reports 2Q:24 Financial, Operational Results
(Pemex, 26.Jul.2024) — Regarding financial results, Pemex reported a net loss of MXN 255.9bn was obtained in 2Q:24, MXN 281.4bn lower than the net profit of MXN 25.4bn obtained in 2Q23. The 10.2% depreciation of the peso against the dollar during 2Q:24 had a negative impact, resulting in an exchange loss […]
New Fortress Closes $700mn Loan for Second FLNG Unit
(New Fortress, 17.Jul.2024) — New Fortress Energy Inc. announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the company has closed its previously announced $700mn loan for its second FLNG unit (“FLNG 2”). Now operational, FLNG 1 expects to deliver its first cargo in August and enter […]
Experts Call for ‘Serious’ Debate About Fracking in Mexico
(S&P, 16.Jul.2024) — Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a serious debate, experts said at an energy forum held at the Mexican Senate. According to data from the National Hydrocarbons […]
US-Mexico Energy Trade Value Fell in 2023
(EIA, 15.Jul.2024) — The value of all energy trade between the United States and Mexico decreased almost 15% from $77.8bn in 2022 to $66.5bn in 2023, adjusted for inflation. Lower fuel prices more than offset the increase in the volume of energy trade between the two countries. Energy trade value […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
Vista Reports 2Q:24 Results
(Vista, 11.Jul.2024) – Vista Energy, S.A.B. de C.V. reported financial and operational results corresponding to Q2 2024. Q2 2024 highlights: ____________________
Eni reveals new find offshore Mexico at the Yopaat-1 EXP exploration well in Block 9
MEXICO CITY, MEXICO (Fidencio Casillas, 8.Jul.2024) — Italian oil and gas giant Eni announced a new discovery at the Yopaat-1 EXP exploration well in Block 9. The well is located 63km off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. Preliminary estimates indicate […]