(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 […]
Category: Mexico
Mexico energy
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, […]
Back to Mexico’s Statist Energy Future
(Forbes, 28.Apr.2022) — An ambitious effort to definitely steer Mexico back to a statist energy future was narrowly defeated this last week, leaving its energy sector still officially open to the private sector but largely unattractive to all but the most speculative investors. More than half of Mexico’s lower chamber […]
NRGBriefs: Exxon Announces Three New Finds Offshore Guyana
(Energy Analytics Institute, 26.Apr.2022) — Energy briefs including Exxon announcing three new discoveries offshore Guyana, adding to two discoveries earlier in 2022; details regarding resolutions adopted by the shareholders at the annual general ordinary and extraordinary shareholders’ meeting of Vista Oil & Gas, S.A.B. de C.V. in Mexico; and Transportadora […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]
NRGBriefs: Mexico’s Preliminary March 2022 Production Details
(Energy Analytics Institute, 22.Apr.2022) — Energy briefs including preliminary production figures from Mexico for March 2022 including 1.625 MMb/d of oil, according to the National Hydrocarbon Commission. LATIN AMERICA AND THE CARIBBEAN Mexico — Mexico’s preliminary production figures for Mar. 2022 included: oil (1.625 MMb/d), condensate (0.209 MMb/d) and natural […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario Martínez participating in an official ceremony in Loma Campana to inaugurate the Néstor Kirchner Gas Pipeline […]
Mexican Lawmakers Pass Lithium Nationalization Plan
(AFP, 20.Apr.2022) — Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in the production of batteries for electric cars, cellphones and other technology. The mining law reform submitted by President Andres Manuel Lopez Obrador puts the metal’s exploitation in the […]
Magna Gold Reveals Completion of Debt Settlement with PEAL de Mexico S.A. de C.V.
(Magna Gold, 19.Apr.2022) — Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) issued an aggregate of 1,660,132 common shares in the capital of the company at a deemed price of $0.76 per common share to PEAL de Mexico S.A. de C.V. in settlement of outstanding debt in the aggregate amount of US$1,000,000 (the “Debt […]
NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]
Pemex Says Fire under Control at Salina Cruz Refinery
(Reuters, 16.Apr.2022) — Mexican state oil company Pemex said on Saturday that it had brought under control a fire at its Salina Cruz refinery in the southern Oaxaca state without any injuries to personnel. The fire, which started on Friday, had engulfed a gasoline storage tank, sending a dense plume […]
Mexico’s Electricity Reform Draws Opposition from Investors, US
(The Washington Post, 16.Apr.2022) — Mexico’s congress will decide on Sunday whether to give the government near-total control over the country’s electricity sector in what analysts consider one of the biggest threats to the country’s private sector in years, moving away from the production of clean energy, jeopardizing foreign investment […]
NRGBriefs: Trinidad’s Gas Production in Jan. 2022 Down 4% Y-O-Y
(Energy Analytics Institute, 14.Apr.2022) — Energy briefs including Trinidad and Tobago’s natural gas production reaching 2,877 MMcf/d (2.877 Bcf/d) in Jan. 2022, down 4% vs Jan. 2021; Great Panther Mining Limited reporting production results from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico; and more. LATIN AMERICA AND THE CARIBBEAN […]
Mexico’s President Reversing Energy Reforms, Hurting Oil Production
(Houston Public Media, 12.Apr.2022) — President Andrés Manuel López Obrador is using administrative measures to undermine the free-market reforms enacted in 2013. As a result, Mexican oil production is now more than 1 million barrels short of where the U.S. Energy Information Administration projected it would be if the reforms […]
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of Neuquén […]
Mexico President López Obrador Wins Recall Referendum
(The Guardian, 10.Apr.2022) — Nine in 10 Mexicans voting in an unprecedented recall election engineered by President Andrés Manuel López Obrador have backed him to stay in office, underlining his domination of a polarised political agenda. Critics and supporters had viewed his victory as a foregone conclusion in a ballot […]
NRGBriefs: TechnipFMC Updates on Mero 1 Project Activities
(Energy Analytics Institute, 8.Apr.2022) — Energy briefs including TechnipFMC saying its spoolbase at Açu Port, Rio de Janeiro has carried out its first rigid pipes spooling operation, as part of the Mero 1 project (FPSO Guanabara), located in the Mero field, Santos Basin offshore Brazil; Silver Viper Minerals Corp. (TSXV: VIPR) […]
TotalEnergies and Sempra Expand Alliance for the Development of LNG Exports, Renewables
(TotalEnergies, 31.Mar.2022) — TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two Memorandums of Understanding (MoU): one for the Vista Pacífico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects. The Vista Pacífico LNG project is planned to be […]
NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil
(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 […]