(AP, 22.May.2024) — As she runs to replace outgoing President AndrĂ©s Manuel LĂłpez Obrador, Claudia Sheinbaum is struggling to construct her own image, leaving many wondering whether she can escape the shadow of the larger-than-life incumbent. The former Mexico City mayor and frontrunner in the June 2 presidential election has had […]
Category: Mexico
Mexico energy
PEMEX reaffirms commitment to pay suppliers
MEXICO CITY, MEXICO (PEMEX, 22.May.2024, Words: 291) — The CEO of PetrĂłleos Mexicanos (PEMEX), Octavio Romero Oropeza, currently on a working tour of the southeastern part of the country, is holding a series of meetings with PEMEX’s main suppliers. Besides reaffirming the institution’s commitment to ensure outstanding payments, he is […]
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
(Reuters, 21.May.2024) — A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements, its filing with the U.S. Department of Energy showed. Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River […]
AMLO’s ‘Dream’ Pemex Refinery Hits Another Delay
(Reuters, 17.May.2024) — Mexican state energy company Pemex started sending 16,300 barrels per day (bpd) of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, internal data seen by Reuters showed, signaling another delay. President Andres Manuel Lopez Obrador had built hugely ambitious infrastructure project in his […]
Interest Remains in Mexico’s Oil and Gas
(S&P, 15.May.2024) — There is still a lot of private and international interest in developing the oil and natural gas resources in Mexico despite the shift towards state control by President Andres Manuel Lopez Obrador, panelists said during an energy and infrastructure forum May 14-15. However, if Mexico again opened […]
Vista and Nabors to Deploy Third Drilling Rig to Vaca Muerta
(Vista, 6.May.2024) — Vista Energy (NYSE: VIST) and Nabors Industries (NYSE: NBR) announced today the official signing of the contract to add a third drilling rig, aiming to accelerate Vista´s development of Vaca Muerta in southern Argentina. The signing occurred at Nabors’ offices in Houston, with the participation of Juan […]
PEMEX Continues Path to Transformation
(PEMEX, 3.May.2024) — During the morning press conference held by the President of Mexico, AndrĂ©s Manuel LĂłpez Obrador, the CEO of PetrĂłleos Mexicanos (PEMEX), Octavio Romero Oropeza, described the operational, financial and administrative progress of the institution for the 2019-2024 period, as part of the strategy to achieve energy self-sufficiency. […]
Luca Mining Reports 1Q:24 Results
(Luca Mining, 30.Apr.2024) — Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce financial results for the three and twelve months ended 31Dec. 2023.Production Fourth Quarter 2023 Total production amounted to 11,808 ounces of gold equivalent (“AuEq”), which was comprised of 3,155 ounces of gold, 155,763 ounces of silver, […]
EAI’s NRGBriefs: April 2024
(Energy Analytics Institute, 30.Apr.2024) — Energy briefs as well as others related to finance and projects during April 2024 including ExxonMobil, Hess and CNOOC announcing a $12.7bn FID for their sixth project offshore Guyana dubbed Whiptail; YPF SA launching the “Andes” project to divest 55 mature conventional fields and focus […]
Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom
(AP, 24.Apr.2024) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. LNG Energy […]
Potential Sour Crude Deficit Looming in the Gulf
(BTU Analytics, 23.Apr.2024) — Historically, more than half of Mexico’s heavy sour crude oil exports, mostly Maya blend, end up in the U.S., which is key for refining along the Gulf Coast, also known as PADD 3. However, recent reports suggest Mexico’s national oil company, PetrĂłleos Mexicanos (Pemex), could cut […]
Pemex to Remain A Fiscal Challenge for Next President of Mexico
(S&P Global Ratings, 15.Apr.2024) — Mexico’s relationship with state-owned oil giant Pemex will remain a fiscal challenge for the country’s next presidential administration, said S&P Global Ratings in “Pemex Will Remain A Fiscal Challenge For Mexico’s Next President.” The national elections in June encompass the presidency and both chambers of […]
Bendito Resources Pursues Strategic Acquisition of Mt. Hamilton Gold Project
(Bendito Resources, 2.Apr.2024) — Bendito Resources Inc. has entered into a Membership Interest Purchase Agreement with Waterton Nevada Splitter, LLC and Waterton Nevada Splitter II, LLC (collectively, the “Vendor”) pursuant to which Bendito will acquire (the “Transaction”) from the Vendor 100% of Mt Hamilton LLC, the owner of the Mt. Hamilton gold […]
EAI’s NRGBriefs: March 2024
(Energy Analytics Institute, 31.Mar.2024) — Energy briefs as well as others related to finance and projects during Mar. 2024 including Argentine inflation reaching 13.2% in Feb. 2024 and trailing 12-month inflation reaching 276.2%; Petrobras saying it will not create a new reserve; NextDecade targeting a positive final investment decision (FID) […]
Steel Tube Institute Backs Legislation to Curb Mexican Steel Imports
(Steel Tube Institute, 14.Mar.2024) — The Steel Tube Institute (STI) – an organization that brings together key producers in the steel industry to advance the use of steel tubing – today declared its support of new legislation preventing illegal steel imports from Mexico into the United States. Senators Tom Cotton (R-Arkansas) and Sherrod […]
Kootenay Starts 2024 Drilling Program at Columba Silver Project
(Kootenay Silver, 14.Mar.2024) — Kootenay Silver Inc. (TSXV: KTN) initiated its’ Q1 diamond drilling program at Columba Silver Project in Chihuahua, Mexico. The proposed program includes 15-17 drillholes for a combined 5,000m and is designed to expand upon previous intercepts along the highly prospective D-Vein target. Recent drilling in late 2023 focused […]
Sempra Infrastructure Launches Cimarron Wind Project
(Sempra, 14.Mar.2024) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the EnergĂa Sierra Juarez (ESJ) wind complex. The Cimarron wind project will total approximately 320 megawatts (MW) […]
Mexico’s Zama Project Undergoing Changes in Engineering Design
(Offshore staff, 12.Mar.2024) — The Zama offshore oilfield development project operated by state company Pemex has been “delayed for the right reasons,” according to Talos Energy Chief Executive Tim Duncan. Duncan said that the delay will allow needed changes to the engineering design that will enable the project to move […]
EAI’s NRGBriefs for Feb. 2024: Guyana, Mexico, Uruguay and Venezuela
HOUSTON, TEXAS (By editors with Energy Analytics Institute, 29.Feb.2024, Words: 3,790) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and CNOOC considering their pre-emption rights to Hess Corp.’s stake in the offshore Stabroek Block; increases in electricity for the majority […]
Mexico Begins LNG Buildout as US Developers Look to South
(Canary Media, 15.Feb.2024) — At least a half-dozen LNG export projects are underway in the country — but whether most are completed will depend on politics to the north. Environmental activists have turned a spotlight in recent months on the rapid expansion of liquefied natural gas export terminals along the Gulf Coast of […]
Woodside Gets Social Impact Assessment Approval for Trion
(Woodside Energy, 13.Feb.2024) — Woodside announced the Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy. The Social Impact Assessment was submitted in May 2023. It provides a comprehensive assessment of the project and outlines the ways in which Woodside […]
![Pemex’ ESG Outlook [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/pemex-1078x808-1-870x522-mexico.jpg)
Pemex’ ESG Outlook [PDF Download]
(Pemex, 31.Jan.2024) — Pemex‘ sustainability plan will focus on the most material components related to the oil and gas industry. And, the three main areas of focus include: emissions reduction and energy transition strategy, industrial safety and health and social and governance. ____________________
New Fortress Receives Customs Ruling for Its FLNG Facility
(New Fortress, 29.Jan.2024) — New Fortress Energy Inc. (NASDAQ: NFE) (announced that U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira, Mexico by non-U.S. qualified vessels would not violate the Jones Act. As a result of this ruling, NFE is now […]
Kootenay Updates Estimates at La Cigarra Project, Chihuahua Mexico
(Kootenay, 25.Jan.2024) — Kootenay Silver Inc. (TSXV: KTN) announced an updated Mineral Resource Estimate (“MRE”) on its 100% owned La Cigarra Project, located in the Parral Silver District of Chihuahua State, Mexico. The current Resource Estimate, calculated by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services in accordance with NI 43-101 standards […]
Exxon to Buy Another 1.2 mtpa of LNG from Mexico Pacific
(Reuters, 16.Jan.2024) — Mexico Pacific said on Tuesday it had reached a deal to supply Exxon Mobil with an additional 1.2 million tonnes per annum of liquefied natural gas, clearing the way for a final investment decision to expand its Saguaro Energia LNG plant. ExxonMobil LNG Asia Pacific tied up […]
Mexico Pacific Inks Optional LNG Offtake with ExxonMobil
(Mexico Pacific, 16.Jan.2024) — Mexico Pacific signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of […]
Wood inks engineering design for 100,000 b/d Trion project offshore Mexico
MEXICO CITY, MEXICO (By Fidencio Casillas, 8.Jan.2023, Words: 240) — Wood secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy‘s Trion Floating Production Unit (FPU) in Mexican waters of the Gulf of Mexico. Once finished, Trion will have a production capacity […]
Luca Mining Closes CAD$2mn Private Placement
(Luca Mining, 21.Dec.2023) — Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) closed the CAD $2mn non-brokered private placement (announced on 6 Dec. 2023. In total, the company sold an aggregate of 5,714,286 units of the company at a price of CAD$0.35 per Unit for gross proceeds of CAD$2mn. In addition to the base CAD$2mn funding, Luca […]
GoGold Completes Construction of Zinc Circuit at Parral
(GoGold, 19.Dec.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces the financial results for the year ending 30 Sep. 2023, with Parral generating $30mn (all amounts are in U.S. dollars) from the sale of 1.4 million silver equivalent ounces. “As we look forwards towards 2024 and the opportunity for value creation for GoGold shareholders, it […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a first framework agreement; Venezuela to hold referendum related to the Essequibo disputed region between Venezuela and Guyana; Colombia’s National Hydrocarbon […]
![Vista Updates on LatAm Assets [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/arg-mex-vista.png)
Vista Updates on LatAm Assets [PDF Download]
(Energy Analytics Institute, 25.Nov.2023) — Vista Energy provided an update on its assets in Argentina and Mexcio while also providing details about its near-term roadmap to achieve its net zero ambitions. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks bright for upstream oil and gas in Latin America. Opportunities of all kinds are fuelling stratospheric expectations for Majors, national oil companies (NOCs) and mid-caps […]
![Sempra Reports Strong 3Q:23 Earnings [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/11/sempra-scaled.jpg)
Sempra Reports Strong 3Q:23 Earnings [PDF Downloads]
(Sempra, 3.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2023 earnings of $721mn, or $1.14 per diluted share, compared to third-quarter 2022 earnings of $485mn, or $0.77 per diluted share. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622mn, or $0.98 per diluted share, in 2022. Further, Sempra is updating its full-year […]
EAI’s NRGBriefs: Oct. 2023
(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings presentation; the long-awaited Citgo Petroleum auction; Colombia’s first seabed allocation competitive process for offshore wind energy; former Trinidad and Tobago energy minister Kevin Ramnarine on […]
Pemex Reports 3Q:23 Results [PDF Downloads]
(Pemex, 27.Oct.2023) —In the third quarter of 2023 (3Q23), PetrĂłleos Mexicanos‘ operating performance was positive, supported by a responsible financial policy. In exploration and production, the strategy continued to favor the accelerated development of new fields, the reduction of times between development and start-up, the early incorporation of production from […]
Silver Viper Further Amends Rubi-Esperanza Option Agreement
(Silver Viper Minerals, 20.Oct.2023) — Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) announced that, further to its press release April 6, 2023, it has amended the terms of the Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the […]
SKF Inaugurates Factory in Monterrey, MexicoÂ
(SKF, 4.Oct.2023) — SKF inaugurated its new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700mn. This will support SKF’s strategic development in the Americas and meet customer needs as focus on electrification increases. The investments are also an important step in SKF’s ongoing Automotive portfolio re-positioning towards the electric […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
Tania Ortiz Mena Appointed President of Sempra Infrastructure
(Sempra, 27.Sep.2023) — Sempra Infrastructure, a subsidiary of Sempra, announced that Tania Ortiz Mena has been appointed president of Sempra Infrastructure. In this role, Ortiz Mena will lead the company’s three business lines – clean power, energy networks, and LNG and net-zero solutions. Ortiz Mena most recently served as group president of clean power and energy networks […]
Talos Energy Completes Mexico Transaction with Grupo Carso
(Talos, 27.Sep.2023) — Talos Energy Inc. (NYSE: TALO) and its Mexican subsidiary Talos Mexico announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos […]
![Vista Investor Day 2023 Presentation [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/arg-mex-investor-day26sep2023-vista.png)
Vista Investor Day 2023 Presentation [PDF Download]
(Energy Analytics Institute, 26.Sep.2023) — Vista Energy provided an update on its assets in Argentina and Mexico during its 26 Sep. 2023 investor day. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
Mexico’s First LNG Plant to Receive Final Piece in Days
(Reuters, 22.Sep.2023) — The last major piece of infrastructure needed to start production at Mexico’s first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NFE.O) is planning to begin […]
Orex Announces Share Consolidation
(Orex Minerals, 22.Sep.2023) — Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) announced that, effective 27 September 2023, the company will consolidate its issued and outstanding common shares at a ratio of ten (10) pre-consolidation shares to one (1) post-consolidation share. The reasons for the consolidation are to increase the company’s flexibility and […]
Silver Valley Metals Provides Corporate Update
(Silver Valley Metals, 18.Sep.2023) — Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF), a brownfield exploration company with two potential high impact projects that comprise silver-zinc-lead located in north Idaho, USA and lithium – potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico respectively, is pleased to provide a corporate update for both of its […]
CarbonClear Buys Carbon Credits from iluméxico
(CarbonClear, 8.Sep.2023) — CarbonClear, a data-driven carbon credit standard, facilitated Uber Mexico‘s purchase of carbon credits from ilumĂ©xico through Apala Group. This landmark transaction signifies a significant step forward in corporate sustainability efforts and the fight against climate change. ilumĂ©xico, a leader in providing sustainable energy solutions across Mexico, has been […]
Arena Energy and White Fleet Drilling Christen Refurbished Jack-Up Drilling Rig
(Arena Energy, 7.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, and White Fleet Drilling, LLC, Arena’s strategic partner created in 2017 as a jack-up rig services provider and Arena’s preferred drilling contractor, announced the christening and mobilization of a refurbished […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island, according to vessel monitoring data. Following days-long lines to fill drivers’ tanks and power blackouts, the communist-run nation saddled […]
Talos Energy Reveals 2Q:23 Operational and Financial Results
(Talos, 8.Aug.2023) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for fiscal quarter ended June 30, 2023. Key Highlights: Drilled a successful commercial discovery at the Talos-operated Sunspear prospect.Announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Energy Mexico 7, S. de R.L. de C.V. (“Talos […]
EAI’s NRGBriefs: Jul. 2023
(Energy Analytics Institute, 31.Jul.2023) — Energy briefs as well as others related to finance and projects during July 2023 including Dominion Energy (NYSE: D) concluding a sale process and executed a definitive agreement to sell its 50% non-controlling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy; Vista […]