(Reuters, 23.Dec.2022) — The latest in Latin American politics today: ex-ministers in Peru recount Castillo’s dramatic final day, U.S. court rejects Maduro ally’s bid to dismiss charges, CEO of Brazil’s Petrobras to resign before end of April, and Panama aims to reach ‘fair’ deal with miner First Quantum. Argentine president […]
Category: Mexico
Mexico energy
Broxel Releases First Emissions Report
(Broxel, 22.Dec.2022) — Broxel, a leading FinTech company in Latin America, released its first emissions report as part of the company’s commitment to become carbon neutral. The inaugural report includes Scope 1, 2, and 3 greenhouse gas (GHG) emissions, and outlines the company’s plan to meet climate targets. “This emissions report […]
![Pemex Lays Out Strategic Plan 2023-27 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/12/mexico-plan-2023-2027_22dec2022_pietro-d-pitts.png)
Pemex Lays Out Strategic Plan 2023-27 [PDF Download]
(Energy Analytics Institute, 21.Dec.2022) — Mexico’s state-owned energy giant Pemex revealed its Strategic Plan for 2023-2027 with production growth targets among others for the five-year period. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
Tesla to Announce Mexico EV Plant as Soon as Next Week
(Reuters, 16.Dec.2022) — Tesla Inc (TSLA.O) is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg News reported late Friday. The plant will be located in Santa Catarina in Monterrey city, the capital of […]
NFE Finalizes Deals with Pemex Regarding Lakach Offshore Gas Field
(New Fortress Energy, 22.Nov.2022) — New Fortress Energy Inc. (NASDAQ: NFE) has finalized its agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico. The agreements comprise a long-term strategic partnership, expressly supported by His Excellency […]
Pan American Silver Extends Silver zone at La Colorada Skarn
(Pan American Silver, 1.Nov.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released results for 45 new infill and exploration drill holes totaling 34,239 metres at the company’s 100% owned La Colorada Skarn project in Zacatecas, Mexico. The results include five new drill holes that further define a zone of high-grade mineralisation […]
Wintershall Dea Expands Presence in Mexico
(Wintershall Dea, 24.Oct.2022) — Wintershall Dea signed an agreement with Hokchi Energy, the Mexican subsidiary of Pan American Energy, to acquire a 37% non-operated participating interest in the Hokchi Block, with a conditional option to increase its participation up to 40% at a later stage. Wintershall Dea is thus expanding […]
Fuel Tanker Crash Sparks Huge Blaze in Mexico
(Reuters, 21.Oct.2022) — A dozen people were rescued from burning homes after a tanker truck crashed into a railway overpass in the central town of Aguascalientes A huge blaze erupted in central Mexico after a fuel tanker truck crashed into an overpass by a rail line, scorching homes, engulfing the area in […]
Borr Drilling reveals new 3-year contracts for drilling rigs in Mexico
(Editors at Energy Analytics Institute, 20.Oct.2022) — Borr Drilling Limited announced its joint venture (JV) company in Mexico Perfomex entered into new contracts for the company’s 5 premium jack-up rigs “Galar”, “Gersemi”, “Grid”, “Njord” and “Odin” with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V., providers of integrated well services to state-owned Pemex. The contracts are effective from […]
Business Confidence in Mexico Drops in September 2022
(Energy Analytics Institute, 3.Oct.2022) — Inflationary pressures, low economic growth, higher interest rates and investment uncertainty led to the fourth consecutive deterioration of business confidence in Mexico, the daily La Jornada reported on 3 October 2022, citing data from the National Institute of Statistics and Geography (Inegi by its Spanish […]
Energy Analytics Institute’s NRGBriefs: September 2022
(Energy Analytics Institute, 30.Sep.2022) — Energy briefs as well as others related to finance and politics during September 2022 including EXMAR closing the sale of the floating liquefaction barge Tango FLNG to Eni; the Venezuelan government officially regaining control of the petrochemical company Monómeros, a subsidiary of the state-owned PDVSA; […]
Pemex Confirms Damage to Ethane Pipeline in Tabasco
(Energy Analytics Institute, 20.Sep.2022) — State-owned Petróleos Mexicanos (Pemex) said an excavator accidentally hit one of its pipelines, which caused an ethane gas leak that triggered a fire. Pemex confirmed the damaged infrastructure was a 24-inch ethane pipeline that runs from Ciudad Pemex to Cangrejera, the company announced on 20 […]
Equinox Gold Reports on Illegal Blockade, Suspension of Operations at Los Filos Mine
(Energy Analytics Institute, 8.Sep.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announced mining activities at its Los Filos Mine in Mexico have been temporarily suspended due to an illegal blockade by members of the nearby Mezcala community. Equinox said 8 September 2022 in an official statement that the […]
Pemex Acknowledges Releasing Methane Plume
(The Associated Press, 8.Sep.2022) — Mexico’s state-owned Petroleos Mexicanos oil company acknowledged Thursday it released a plume of methane, a potent greenhouse gas, in the Gulf of Mexico late last year, but said it was far smaller than Spanish researchers said. A report published in June by Spanish university researchers in the […]
Maersk Secures Extension with Shell for Maersk Voyager Drillship
(Maersk Drilling, 8.Sep.2022) — Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract […]
GoGold Reports Additional Positive Drilling at El Favor East
(Energy Analytics Institute, 7.Sep.2022) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) revealed results of 7 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-136 intersected 1.1m of 1,625 g/t silver equivalent (“AgEq”) contained within 47.6m of 147 g/t AgEq, and hole LRGF-22-124 intersected 0.9m of 1,835 g/t AgEq contained […]
Vizsla Silver Advances ESG Initiatives, Provides Corporation Update
(Vizsla Silver, 1.Sep.2022) —Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) anounced continued progression on its environmental, social and governance (“ESG”) initiatives through a newly formed partnership with MetaVu and Blockhead Technologies who are creating a bespoke ESG reporting platform for all Inventa Capital companies. Vizsla Silver will be the first […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
Mexico Plans to be LNG Export Hub with US Gas
(Bloomberg, 15.Aug.2022) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the power-plant […]
Pemex Requests $6.5bn More Funding for ‘Dos Bocas’ Refinery
(Reuters, 12.Aug.2022) — Mexico’s state-oil company Pemex requested this week almost $6.5 billion in additional funding from the government to pay for works at the ‘Dos Bocas’ refinery this year, according to a document and two sources familiar with the matter. The additional funding is to cover works not initially included in […]
Mexico Oil Refinery Accident Leaves 1 Dead, 1 Missing
(AP, 29.Jul.2022) — A fire at an oil refinery operated by Mexico’s state-owned Petroleos Mexicanos company left one worker dead and another missing Friday. The company, known as Pemex, said the accident occurred early when lightning apparently started a fire at a waste processing tank. A pump truck that was […]
NRGBriefs: Pemex Assumes Operation of YÙUM K’AK’NÁAB FPSO
(Energy Analytics Institute, 24.Jul.2022) — Energy briefs including BW Offshore Limited saying Mexico’s state-owned Pemex has assumed ownership and operation of the FPSO YÙUM K’AK’NÁAB. LATIN AMERICA AND THE CARIBBEAN Mexico — BW Offshore Limited said w/ effective from 22 July 2022 that Pemex has assumed the ownership and operation […]
CFE and Sempra Expand Development Deals Related to Infrastructure in Mexico
(Sempra, 21.Jul.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced several agreements to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and […]
NRGBriefs: Bristow Inks 1.6bn 10-year Deal
(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) terminating its option for the Libanesa Silver-Gold Project in Argentina; Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) […]
LONGi Receives “Top Brand PV 2022” at Solar Power Mexico 2022
(LONGi, 14.Jul.2022) — EUPD Research awarded LONGi the “Top Brand PV 2022” seal for the Mexican, Chilean and Latin American markets. The Chinese brand received this recognition at Solar Power Mexico 2022 held in León, Guanajuato, Mexico. The seal, which recognizes LONGi as a Top brand in the PV module category, […]
ConocoPhillips and Sempra Infrastructure Ink HOA for LNG Projects
(ConocoPhillips, 14.Jul.2022) — ConocoPhillips (NYSE: COP) today announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), in Jefferson County, Texas. ConocoPhillips has entered into a […]
S&P Revises Pemex’s Outlook to Stable
(Reuters, 6.Jul.2022) — S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude oil prices are improving Pemex’s credit metrics, although the company’s weak liquidity continues to affect its assessment […]
NFE Signs Deal with CFE to Expand Supply of Natural Gas to Baja
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced that it has entered into an agreement with Comisión Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency Andrés Manuel López Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of […]
NFE Inks Deal with Pemex for Lakach Field, FLNG Deployment Solution
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. today announced that it has signed an agreement with Petróleos Mexicanos (Pemex) to form a long-term strategic partnership that benefits from the complementary capabilities of each company. The partnership is expressly supported by His Excellency Andrés Manuel López Obrador, the President of Mexico, and by Octavio […]
NRGBriefs: APA, Total Drill Dikkop Off Suriname; Pemex Output Goals
(Energy Analytics Institute, 21.Jun.2022) — Energy briefs including APA Corporation and TotalEnergies drilling the Dikkop exploration well in the central portion of Suriname’s Block 58 with the Maersk Valiant. LATIN AMERICA AND THE CARIBBEAN Mexico — State-owned Pemex expects oil and condensate production, w/ contributions from partners, to exit 2022 […]
NRGBriefs: Atlas Expands Wind Portfolio in Brazil
(Energy Analytics Institute, 14.Jun.2022) — Energy briefs including Atlas Renewable Energy expanding its wind portfolio by acquiring a project from Voltalia in Brazil; Kootenay Silver (TSXV: KTN) announcing JV operator Aztec Minerals Corp. (TSXV: AZT) has reported the final gold and multi-element results for the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2 drill program […]
Mexico Closer to Striking a Deal over Major Offshore Oil Find
(Reuters, 3.Jun.2022) — The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on Friday. The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf of […]
Zacatecas Silver Commences Work at Esperanza Gold Project
(Zacatecas Silver Corp., 3.Jun.2022) — Zacatecas Silver Corp. (TSXV: ZAC) (OTC: ZCTSF) (FSE: 7TV) commenced its work plans to prepare a current resource estimate at the advanced stage Esperanza Gold Project, located in Morelos State, Mexico. Immediate steps to confirm resource estimate include: Extensive verification through sampling at least 10% […]
Mexico Close to Agreement with Talos Energy on Zama Project
(Reuters, 3.Jun.2022) — The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on June 3. The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf […]
CFE Reveals Early Tender for Previously Announced Cash Tender Offer
(CFE, 2.Jun.2022) — Comisión Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States (Mexico), announced today the early tender results of its previously announced tender offer to purchase for cash its notes of the series set forth in the table below (all […]
Alpek Concludes Acquisition of OCTAL
(Alpek, 1.Jun.2022) — Alpek, S.A.B. de C.V. has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL for U.S.$620mn on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank […]
NRGBriefs: Vista’s Sustainability Report; Excelerate CEO on LNG Market
(Energy Analytics Institute, 31.May.2022) — Energy briefs including Vista Oil & Gas revealing its 2021 sustainability report; and Excelerate Energy President & CEO Steven Kobos commenting on the red hot LNG market amid the current geopolitical mess in Europe. LATIN AMERICA AND THE CARIBBEAN Argentina — Vista Oil & Gas […]
Talos Energy To Host Analyst & Investor Day
(Talos, 24.May.2022) — Talos Energy Inc. (NYSE: TALO) will host its first-ever analyst and investor day today at 2:00 PM Eastern Time (1:00 PM Central Time). A live webcast of the event will be available on the company’s recently updated and relaunched corporate website at https://www.talosenergy.com/investor-relations/events-calendar/. Please allow extra time to […]
CFE Reveals Commencement of Cash Tender Offer
(CFE, 19.May.2022) — Comisión Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States announced today that it commenced a tender offer (the “Offer“) to purchase for cash its 4.875% Notes due 2024 (the “2024 Notes“), 6.125% Notes due 2045 (the “2045 Notes“), 5.750% Notes […]
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22 financial results; Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) reporting results from 10 new drill holes targeting the Tajitos – Copala resource area, at […]
Invenergy Surpasses 30 Gigawatts as it Celebrates 20th Anniversary
(Invenergy, 17.May.2022) — Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, is celebrating a monumental milestone: the company has successfully developed over 30 gigawatts (GW) of clean energy generation projects over its 20-year existence, projects that generate enough energy to power nearly 10 million […]
Steel Dynamics Eyes Acquisition of a Mexican Metals Recycling Company Roca
(Steel Dynamics, Inc., 16.May.2022) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of Roca Acero S.A. de C.V. to be funded with available cash. Roca is headquartered […]
Mexican Gov’t Suspends Permit Granted to Vulcan in Mexico
(Vulcan Materials, 13.May.2022) — Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, provided an update with respect to its Mexican SAC TUN operations. Today, Vulcan Materials Company confirmed that the Mexican government has suspended the three-year customs permit granted in March 2022 to the Mexican subsidiary of the company […]
Great Panther Reports 1Q:22 Financials for Brazilian, Mexican Mines
(Great Panther, 12.May.2022) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) announces consolidated financial results for the three months ended 31 March 2022, from its three wholly-owned mines: the Tucano Gold Mine in Brazil, and Topia and the Guanajuato Mine Complex (“the GMC”) in Mexico, both primarily silver mines. “First quarter 2022 results were […]
Zacatecas Silver Receives Permits for 30 Drill Pads at El Cristo
(Zacatecas Silver, 6.May.2022) — Zacatecas Silver Corp. (TSXV: ZAC) (OTC: ZCTSF) (FSE:7TV) provided an update on the El Cristo Vein System located within the Zacatecas Property. Highlights: The Secretariat of Environment and Natural Resources of Mexico (SEMARNAT) has approved 30 drill permits at El Cristo which will allow drill targeting throughout the extensive […]
Sempra Announces 1Q:22 Earnings of $612mn
(Sempra, 5.May.2022) — Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2022 earnings of $612mn, or $1.93 per diluted share, compared to first-quarter 2021 earnings of $874mn, or $2.87 per diluted share. On an adjusted basis, the company’s first-quarter 2022 earnings were $924mn, or $2.91 per diluted share, compared to $900 million, or $2.95 per diluted share, in 2021. “At Sempra, we understand […]
Talos Energy Reveals 1Q:22 Results, Increases Borrowing Base
(Talos, 4.May.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2022 and the increase of its borrowing base under the company’s reserves-based lending (“RBL”) credit facility as part of its semi-annual redetermination process. Key Highlights: Production of 63.2 thousand barrels of oil […]
Avino Grants Option to Endurance Gold to Acquire Olympic Claims
(Avino Silver, 2.May.2022) — Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) announced that in line with its strategic plans to become an intermediate producer in Mexico, the company has granted Endurance Gold Corporation (EDG – TSX.V; ENDGF – OTC Pink; 3EG – Berlin Open Market, or “Endurance”) […]
Mexico Opposition Party Pitches Free Solar Panels for Housing
(Reuters, 1.May.2022) — Mexico’s biggest opposition party on Sunday proposed installing solar panels for free onto residential housing, staking out its renewable energy credentials as it seeks to challenge the ruling party of President Andres Manuel Lopez Obrador. Marko Cortes, leader of the center-right National Action Party (PAN), said the […]
SilverCrest’s Las Chispas Construction Update – Commissioning for 2Q:22
(SilverCrest Metals, 29.Apr.2022) — SilverCrest Metals Inc. provided an update on construction activities at the company’s Las Chispas Project located in Sonora, Mexico. All currency amounts herein are presented in United States Dollars, unless otherwise stated. Highlights Commissioning On Schedule for Q2, 2022 – At the end of the first quarter of 2022 (“Q1, […]