(Solaris, 6.Dec.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. pursuant to an internal re-organization. Following the Re-Organization, it is expected that 100% of the common shares of Solaris Exploration […]
Category: Mexico
Mexico energy
Security Review Stalls Shell’s Refinery Sale to Pemex
(Reuters, 30.Nov.2021) — A U.S. national security review has delayed the sale of Royal Dutch Shell‘s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday. Shell in May disclosed an agreement to sell its 50% interest in the 302,800-barrel-per-day (bpd) Deer Park, […]
Cox Energy Starts Dual Listing On Spain’s BME Growth
(Cox Energy, 22.Nov.2021) — Cox Energy AmĂ©rica (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and the general public that, in accordance with the resolutions issued at the ordinary and extraordinary general shareholders’ meeting held on 16 November […]
NRGBriefs: Solaris Provides Assay Results In Ecuador
(Energy Analytics Institute, 15.Nov.2021) — Energy briefs including Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) reporting assay results from a series of additional holes from ongoing resource growth and discovery drilling programs at its Warintza Project in SE Ecuador; SilverCrest Metals Inc. saying that at the end of 3Q:21 overall […]
1 Dead, 12 Injured In Apparent Gas Explosion In CDMX
(AP, 14.Nov.2021) — An explosion apparently caused by an accumulation of cooking gas caused a multi-family dwelling to collapse in Mexico City on Saturday, killing one person and injuring 12. Rescue personnel working with trained dogs found the body in the rubble. The explosion essentially destroyed the two-story, brick-and-concrete structure. […]
NRGBriefs: Great Panther Closes Offering
(Energy Analytics Institute, 12.Nov.2021) — Energy briefs including Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) closing a previously announced public underwritten offering of 88,461,538 common shrs; PHX Minerals Inc.’s (NYSE: PHX) planning to release results for its fiscal 2021 year ended 30 Sep. 2021; and New Gold Inc. (TSX: NGD) […]
Cox Energy América Ranks As Top 10 Listed Companies In Mexico
(Cox Energy AmĂ©rica, 11.Nov.2021) — Cox Energy AmĂ©rica, S.A.B. de C.V. (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and to the general public that the company was recognized by “5050 Women on Boards” and “Women Corporate […]
NRGBriefs: YPF Class D Director Resigns
(Energy Analytics Institute, 9.Nov.2021) — Energy briefs including YPF’s BODs accepting the resignation of Ms. Elizabeth Dolores Bobadilla, as director for Class D shares; Avino Silver & Gold Mines Ltd. entering into a definitive deal with Coeur to acquire the La Preciosa silver project in Mexico; and more. LATIN AMERICA […]
Sempra Infrastructure Shares Key Executive Appointments
(Sempra, 3.Nov.2021) — Sempra Infrastructure announced key executive leadership appointments following the consolidation of Sempra LNG and Infraestructura EnergĂ©tica Nova S.A.P.I. de C.V. (IEnova) with a view towards creating a larger platform to capture new opportunities that support the clean energy transition and invest in the energy systems of the […]
Pemex Back In Red Despite Oil Production Uptick
(Reuters, 28.Oct.2021) — Higher tax payments and foreign exchange losses pushed Mexico’s Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered somewhat, the state oil company said on Thursday. Pemex lost 62.8 billion pesos ($3 billion) compared to a profit of 1.4 billion pesos […]
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Pemex Releases 3Q:21 Results [PDF Downloads]
(Pemex, 28.Oct.2021) — For the fourth quarter in a row, crude oil production increased and recorded 1,752 Mbd without partners’ production. This increase as compared to the same period of the previous year represents five per cent. Moreover, crude oil processing levels recorded 696 Mbd. During January-September, Pemex transferred almost […]
Pemex Swings To $3.8bn Loss In Third Quarter
(Ft.com, 28.Oct.2021) — Mexico’s state oil company reported a 77.2bn peso ($3.8bn) loss in the third quarter of the year because of a higher tax burden and large foreign exchange losses from a weaker peso. That followed a profit of 1.4bn pesos in the year-ago quarter. Pemex on Thursday revealed total crude […]
Mexico Lowers Pemex Tax Burden
(S&P Global Platts, 28.Oct.2021) — The Mexican government has reduced the tax rate that state oil company Pemex will pay in 2022 to 40% from 54% currently, which could help it achieve its goals of producing a little over 2 million b/d by the end of the administration’s term. The […]
Mexico’s Government To Assume Pemex’s Debt Payments
(Bloomberg, 28.Oct.2021) — Mexico President Andres Manuel Lopez Obrador, the great champion of his beloved but beleaguered state-owned oil giant, may be making his boldest move yet to keep it afloat. Petroleos Mexicanos chief Octavio Romero told lawmakers Wednesday that AMLO, as the president is known, has instructed the company […]
Mexico Moves To Re-Nationalize Energy Markets
(Forbes, 28.Oct.2021) — Recent moves by Mexico’s government targeting the country’s energy industry have led to increasing concerns that President AndrĂ©s Manuel LĂłpez Obrador (AMLO) intends to ultimately re-nationalize the nation’s entire energy sector. This happened once before in 1938 and has never served Mexico’s national interest well, a reality […]
NRGBriefs: Hess Says Liza Phase 2 On Track
(Energy Analytics Institute, 28.Oct.2021) — Energy briefs including Hess Corp. confirming that production from its Liza Phase 2 development in Guyana is on track to startup in early 2022; Avino Silver & Gold Mines Ltd. entering into a share purchase agreement to indirectly acquire through the purchase of the shares […]
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NRGBriefs: Venezuelan Production Goals [PDF Download]
(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. entering into a binding agreement w/ West African Resources Limited; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — On 29 Oct. 2021 Petobras will […]
Mexico Presents Plan To Shutter Private Power Plants
(AP, 11.Oct.2021) — Mexico’s president presented details on Monday of a proposal that is likely to squeeze out hundreds of private power generating plants and may provoke complaints under the Mexico-U.S.-Canada free trade accord. The constitutional reform presented by President AndrĂ©s Manuel LĂłpez Obrador would cancel contracts under which 34 […]
Pemex Makes $31.5mn Payment To Seadrill
(Seadrill, 11.Oct.2021) — Seadrill Limited (OSE: SDRL) (OTCPK: SDRLF) and the issuer announce that at the end of September 2021, certain subsidiaries of SeaMex Ltd. (in provisional liquidation), a 50/50 joint venture entered into by one of the issuer’s subsidiaries, Seadrill JU Newco Bermuda Ltd., received payments amounting to approximately […]
NRGBriefs: Blinken Visits Lopez Obrador In CDMX
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including US secretary of state Antony Blinken visiting Mexico City for the US-Mexico high-level security dialogue; Petrobras planning to boost petrol and cooking gas prices; Great Panther Mining Limited reporting production results in Brazil and Mexico; and more. LATIN AMERICA AND CARIBBEAN Brazil […]
NRGBriefs: Colombia’s Hydrogen Roadmap
(Energy Analytics Institute, 4.Oct.2021) — Energy briefs including Colombia’s President Iván Duque Márquez launching the country’s hydrogen roadmap for the next decade during an event in Barranquilla; Trinidad and Tobago’s Minister of Finance Colm Imbert eying bid rounds; and more. Argentina — Lithium South Development Corp. (TSX-V: LIS) (OTCQB: LISMF) […]
Venezuela Talks Suspended In Mexico City
(AP, 24.Sep.2021) — The latest round of negotiations between Venezuela’s government and the country’s opposition were suspended Friday when the government’s delegates failed to appear in Mexico City. Two sources tied to the process confirmed that the first session of this round of talks had been suspended. They hoped to […]
Mexico’s President Earmarks $32B To Help Pemex Boost Oil Production
(Bloomberg, 9.Sep.2021) — Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production. The funds allocated for the state producer in a 2022 budget proposal, including operational spending, represent a 17% increase from this […]
LatAm Briefs: Payara Progressing, Inpex Divestment In Venezuela
(Energy Analytics Institute, 2.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: ExxonMobil progressing its Payara project in Guyana for start-up in 2024 and Japan’s Inpex divesting assets in Venezuela, and much more. Argentina — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) named […]
Borr Drilling Reports Preliminary 2Q:21 Results
(Borr Drilling, 31.Aug.2021) — Borr Drilling Limited announces preliminary unaudited results for the three and six months ended 30 June 2021. Highlights second quarter of 2021 Total operating revenues of $54.8mn, an increase of 13% compared to the first quarter of 2021           Net loss of $59.9mn, an increase of $5.5mn […]
Mexico Restores Some Oil Production
(AP, 24.Aug.2021) — Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms in the Gulf of Mexico following a weekend fire. Petroleos Mexicanos said it had restored about 17% of the lost production caused by the fire […]
Companies Take Steps Toward Climate Neutrality
(Bloomberg, 24.Aug.2021) — Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t bend as far. Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more […]
Pemex Safety Incidents Challenge Production Growth Target
(Fitch, 24.Aug.2021) — Pemex‘s reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company’s production growth rates, as this field is the company’s largest production complex, according to Fitch Ratings. Fitch’s current rating case assumes that the company’s production levels will stabilize going forward due to increased investments […]
Actis sells Saavi Energia to Global Infrastructure Partners
(By Global Infrastructure Partners, 20.Aug.2021, Word: 482) — Actis, a leading global investor in sustainable infrastructure jointly announces with Global Infrastructure Partners (GIP), a leading global independent infrastructure investor that it has sold 100% of Saavi EnergĂa, the fourth largest independent power producer and the largest privately held stand-alone power […]
Cox Energy Establishes IR Vice Presidency Office
(Cox Energy, 16.Aug.2021) — Cox Energy AmĂ©rica, S.A.B. DE C.V. (BIVA: COXA *, BMV: COXA *), the region’s only listed pure play photovoltaic renewable solar energy company, announces as part of its market communication strategy, and following best corporate practices, the establishment of the Investor Relations Vice President position, headed […]
Sempra Launches Offer For Remaining IEnova Shares
(Sempra, 12.Aug.2021) — Sempra (NYSE: SRE) (BMV: SRE) announced that it has launched a tender offer to purchase for cash the 3.6% of the outstanding shares of IEnova (Infraestructura EnergĂ©tica Nova, S.A.B de C.V.) that are not owned by Sempra. This cash tender offer follows Sempra’s completed exchange offer for […]
Pemex Halts Drilling At Valeriana
(By Platts, Sheky Espejo, 12.Aug.2021) — Mexico’s state oil company Pemex has stopped drilling Valeriana 1, a high-temperature high-pressure appraisal well located in the state of Tabasco, after new interpretation of seismic studies led to a drastic modification in the design of the wells, the National Hydrocarbons Commission said Aug. […]
LatAmBriefs: TGI Eyes Buenaventura LNG Import Project
(Energy Analytics Institute, 9.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina fining Edesur and Edenor; Transportadora de Gas Internacional (TGI) eyes developing Colombia’s second liquefied natural gas (LNG) import project in Buenaventura; and more from Ecuador, Mexico and Venezuela. Argentina — Argentina’s National Electricity Regulatory […]
Brattle Welcomes Antitrust Expert
(The Brattle Group, 2.Aug.2021) — The Brattle Group welcomed economist Veronica Irastorza as a new Principal in its global Antitrust & Competition practice, based in San Francisco. Ms. Irastorza brings deep expertise in antitrust, contract disputes, and damages to a broad range of matters in the energy industry, including regulation, planning, […]
Eni Reveals New Oil Find Offshore Mexico
(Eni, 2.Aug.2021) — Eni announces an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water of the Cuenca Salina Sureste Basin, Offshore Mexico. According to preliminary estimates the new find may contain between 150 and 200Mboe in place. Sayulita-1 EXP, which […]
Solaris Files La Verde Technical Report
(Solaris, 23.Jul.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces the filing of a technical report for La Verde further to its news release of 12 May 2021. As La Verde has been on care and maintenance since 2016, the company filed an early exploration stage technical report for […]
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s NeuquĂ©n region to 13 renewable projects identified by Colombia’s Ecopetrol and more. Argentina — Daily production in Argentina’s NeuquĂ©n region reached a record 193,000 barrels per day, the highest volume […]
bp To Send Carbon Offset LNG To EnergĂa Costa Azul
(bp, 16.Jul.2021) — bp Gas Marketing Limited (bpGM), Sempra LNG and Infraestructura EnergĂ©tica Nova, S.A.B. de C.V. (IEnova), entered into a contract for the delivery and receipt of the companies’ first carbon offset Liquefied Natural Gas (LNG) cargo. The cargo is expected to be delivered to the EnergĂa Costa Azul (ECA) terminal […]
Cox Energy Begins Capital Increase Process
(Cox Energy, 12.Jul.2021) — Cox Energy AmĂ©rica, S.A.B. de C.V. (BIVA: COXA*), a renewable solar energy (photovoltaic) generating company, informs that it begun the preferred subscription rights process for holders of common and registered shares, which have no face value and are identified by the ticker (BIVA: COXA) (BMV: COXA), […]
LatAm briefs: ENRE fines, “Zama drama” in Mexico
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 9.Jul.2021, Words: 421) — Energy briefs from the Latin America and Caribbean region including: oil prices remaining above the $75/bbl mark, Argentina’s ENRE imposing fines on Edenor, an energy storage system in Barranquilla, and more. Oil Prices — As of 7 […]
New Fortress Secures LNG Supply
(New Fortress, 6.Jul.2021) — New Fortress Energy Inc. (NASDAQ: NFE) reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE’s existing natural gas and electricity businesses through the end of 2027. “This transaction secures our LNG supply for the next several years across […]
Talos Energy Provides Update On Zama
(Talos Energy, 5.Jul.2021) — Talos Energy Inc. (NYSE: TALO) provided an update regarding operatorship for the company’s Zama asset in offshore Mexico. On 2 July 2021, Talos was notified by Mexico’s Ministry of Energy (SENER) it had designated PetrĂłleos Mexicanos (Pemex) as the operator of the Zama unit, just three […]
Seadrill On Restructuring Discussions
(Seadrill, 2.Jul.2021) — Seadrill Limited (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on 18 June 2021, the Issuer and certain of its subsidiaries have today agreed key commercial terms for a comprehensive restructuring of the Issuer and entered into […]
Brazil’s Lower-Sulphur Fuel Booms In Asia
(Reuters, 1.Jul.2021) — Brazil is growing its marine fuel oil exports to Asia’s lucrative premium hubs, where rules mandating lower sulphur content have been squeezing out most of its Latin American peers, according to sources and data. Fuel oil exports are the second largest source of energy revenue for most […]
Vesta Reveals 2Q:21 Earnings Call
(Vesta, 1.Jul.2021) — CorporaciĂłn Inmobiliaria Vesta, S.A.B. de C.V. (BMV: VESTA) is inviting persons to its conference call to discuss the second quarter results of 2021. The call will take place: Thursday, July 22, 2021 10:00 a.m. Eastern Time (9:00 a.m. Mexico City time) The conference call can be accessed […]
Sempra Gives Strategic Update, Financial Outlook
(Sempra, 29.Jun.2021) — Sempra‘s (NYSE: SRE) (BMV: SRE) senior management team is providing an update on the company’s strategy, operations and financial outlook at its 2021 Virtual Investor Day. “Over the next decade, we see the economies of North America becoming increasingly integrated,” said Jeffrey W. Martin, chairman and CEO […]
Magna Achieves Full-Scale Production At San Francisco
(Magna Gold, 29.Jun.2021) — Magna Gold Corp. (TSXV: MGR), (OTCQB: MGLQF) achieved full-scale and steady state commercial production at its 100% owned flagship San Francisco Mine, located in Sonora, Mexico. Commercial production was achieved on schedule on 1 June 2021, as outlined in the company’s press release dated 13 April […]
Mexican Court Extends Pemex Market Limit Ruling
(Argus, 7.Jun.2021) — A Mexican federal court reimposed market power limits on state-owned Pemex, including the mandate to publicly post wholesale prices, extending an initial temporary suspension of recent legislative reforms. The state-owned company will now have to resume submitting its wholesale prices, commercial agreements and product discount plans for […]
W.K. Kellogg Names Alejandra Garduño MartĂnez Director Of LAC Programs
(W.K. Kellogg Foundation, 2.Jun.2021) — The W.K. Kellogg Foundation (WKKF) announced selection of Alejandra Garduño MartĂnez as the new director of Latin America and Caribbean programs, effective 1 June 2021. In this role, Garduño MartĂnez will provide leadership and oversight of the foundation’s longstanding investments in Mexico, Haiti and Latin America and […]
Talos Energy Updates On ESG Initiatives Before Releasing ESG Report
(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]