(Reuters, Collin Eaton, 19.Sep.2018) — A former Petroleos Mexicanos board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to […]
Category: Mexico
Mexico energy
IEnova, BP Sign Contract For Liquid Fuels Terminal In Baja California, Mexico
(Sempra Energy, 11.Sep.2018) — Sempra Energy announced its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) signed a long-term contract with British Petroleum (BP) […]
Mexico Oil Production to Reach 2.6 MMb/d by 2025: Lopez Obrador
(S&P Global Platts, Daniel Rodriguez, 11.Sep.2018) — Mexico’s President-elect Andres Manuel Lopez Obrador said Sunday he plans to focus on developing and exploring onshore and […]
Concerns Raised Over Contract Release Program in Mexico
(S&P Global, 6.Sep.2018) — Mexico gas market observers have expressed concern that a lack of liquidity and supply guarantees will complicate the final phase of […]
AMLO to Continue Drilling Service Contracts
(Bloomberg, Amy Stillman and Eric Martin, 6.Sep.2018) — Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes […]
AMLO Plans Massive New Oil Refinery
(OilPrice.com, Irina Slav, 5.Sep.2018) — Mexico’s President Andres Manuel Lopez Obrador has plans to build the country’s largest refinery with a capacity to produce 400,000 […]
New Fortress Builds On LNG Presence With Irish, Mexican Projects
(LNG World Shipping, Mike Corkhill, 4.Sep.2018) — New Fortress Energy has added two major LNG import projects to its portfolio, as part of its drive […]
OOS Drillship to Support Pemex Campaign
(Offshore, 4.Sep.2018) — OOS Energy has won its first drilling contract offshore Mexico. The OOS Tiger 1 drillship will support Marinsa & PPS (Pemex Drilling) […]
Mexican Fuel Consumption 778 Mb/d: Jan.-Jul. 2018
(Energy Analytics Institute, Jared Yamin, 3.Sep.2018) — During the first seven months of 2018, the average consumption of gasoline in Mexico was 778,000 barrels per […]
S&P Confirms Pemex’s Global Rating at BBB+
(Pemex, 31.Aug.2018) — Rating agency Standard and Poor’s (S&P) confirmed the global rating of Petróleos Mexicanos at ‘BBB+’ with stable outlook after its annual review […]
Pemex Pauses Light Crude Exports: Data, Source
(Reuters, Ana Isabel Martinez, Marianna Parraga, 30.Aug.2018) — Mexico’s state-run oil firm Pemex has not exported light crude since May, according to a source and […]
Pemex’s Oil Workers Donate to Mexican Red Cross
(Pemex, 28.Aug.2018) — Pemex CEO Carlos Treviño Medina, presented the donation of 15,685,324 pesos made by the oil workers’ community in the country as part […]
AMLO Says NAFTA Preserves Energy ‘Sovereignty’
(Reuters, 28.Aug.2018) — Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the U.S. to overhaul the North American Free Trade Agreement […]
Pemex Insider Destined for Key Post Under AMLO
(Bloomberg, Amy Stillman, 28.Aug.2018) — Mexico President-elect Andres Manuel Lopez Obrador will name Fluvio Ruiz Alarcon as Petroleos Mexicanos’s next exploration and production chief, according […]
Renaissance Oil Reports 2Q:18 Results
(Renaissance Oil Corp., 27.Aug.2018) — Renaissance Oil Corp. reported second quarter 2018 results. All dollar figures are Canadian dollars, unless otherwise noted. SECOND QUARTER 2018 […]
Renaissance Oil Advancing at Amatitlán block in Mexico
(Renaissance, 27.Aug.2018) — Renaissance Oil Corp. announced that in the second quarter of 2018 it saw continued oil field development with its partner LUKOIL, at […]
Atlas Renewable Energy, Bancomext Closing Long-Term Financing
(Atlas Renewable Energy, 27.Aug.2018) — Atlas Renewable Energy and Banco de Comercio Exterior (Bancomext) announced the signing of a long-term financing agreement for Atlas Renewable […]
Mexico’s New President To Deal Blow To Oil Industry
(Oilprice.com, Nick Cunningham, 26.Aug.2018) — Mexico will likely halt oil auctions for at least two years, dealing a blow to its oil industry. Mexico’s president-elect […]
Pemex Industrial Transformation to Challenge Cofece Fine
(Pemex, 26.Aug.2018) — As of today, the Commission of Economic Competition (acronym in Spanish, Cofece) published the fine imposed on Pemex TRI for over 418 […]
Fuel Theft Rate Lowers in the State of Guanajuato
(Pemex, 25.Aug.2018) — During a meeting of the Guanajuato Coordination Group, Governor Miguel Márquez Márquez and the CEO of Petróleos Mexicanos, Carlos Treviño Medina, assessed […]
Gas Producers Counting on Mexico Have Worries
(Houston Chronicle, Katherine Blunt, 24.Aug.2018) — For years, U.S. producers have counted on Mexico to buy enormous quantities of natural gas from the prolific shale […]
Electric Stations Rising in Mexico
(Energy Analytics Institute, Jared Yamin, 22.Aug.2018) – From 2015 to July 2018, the number of recharging stations for electric vehicles, or electric stations, has grown […]
AMLO Eyes Mexican Oil Output at 2.5 MMb/d
(Energy Analytics Institute, Jared Yamin, 22.Aug.2018) – Mexico’s President-elect Andrés Manuel López Obrador announced plans to boost Mexico’s crude oil production to 2.5 million barrels […]
U.S. Co. Wins Contract for Mexico LNG Project
(Natural Gas Intelligence, Peter de Montmollin, 22.Aug.2018) — A U.S. company has secured a long-term contract to build a liquefied natural gas (LNG) import project […]
Pemex Unit Fined $22 Mln by Competition Authority
(Reuters, 21.Aug.2018) — Mexico’s competition authority said on Tuesday that it has fined a unit of state-owned oil company Pemex for presenting an annual compliance […]
New Fortress to Build $184 Mln LNG Terminal in BCS
(MexicoNow, 20.Aug.2018) – U.S. energy infrastructure developer New Fortress Energy (NFE) announced that it was awarded a long-term contract for the development, construction and operation […]
Pemex Advances Digital Changes to Boost Competition
(Pemex, 20.Aug.2018) – Pemex commenced its Digital Week, so personnel could be trained with the new technological tools developed by the Corporate Department of Informational […]
U.S.’s Perry Applauds Mexico’s Plan to End Fuel Imports
(Reuters, David Alire Garcia, 16.Aug.2018) – U.S. Energy Secretary Rick Perry praised the goal set out by Mexico’s incoming president to end massive gasoline and […]
Pemex Ethylene, PE Output Unaffected by Pipeline Incident
(Platts, 16.Aug.2018) — State-owned Pemex’s ethylene and polyethylene production facilities ran normally even as a pipeline incident led fellow Mexican polymer producer Braskem Idesa to […]
Guyana to Become 5th Largest Oil Producer in LAC Region
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the […]
Mexico’s Struggling Pemex Awaits New President’s Risky Fix
(Bloomberg, Amy Stillman, 14.Aug.2018) – By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it. […]
Technology, New Innovations and the LatAm Energy Sector
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2018) – The ability to use hydraulic fracturing to tap shale formations, to remotely monitor and manage assets, and […]
Mexico’s Fuel Plan Won’t Immediately Impact Texas
(Texas Tribune, Juan Luis GarcÃa Hernández, 14.Aug.2018) – After a dramatic spike in gasoline prices incited widespread protests in Mexico last year, then-presidential candidate Andrés […]
AMLO Pledges More Than $11 Bln for Refineries
(Reuters, 13.Aug.2018) – Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in […]
Two Companies to Ship Fuels from US to Mexico
(Energy Analytics Institute, Ian Silverman, 11.Aug.2018) – To-date, two oil companies are working to export fuels from the U.S.A. to neighboring Mexico, through the Port […]
Mexico’s CNH to Speak at EnerCom Conference
(Energy Analytics Institute, Jared Yamin, 9.Aug2018) – The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018. […]
Pemex’s Salina Cruz Refinery Halts Operations
(Energy Analytics Institute, Ian Silverman, 9.Aug.2018 – Pemex’s Salina Cruz refinery halted operations Wednesday night due to a power outage. The refinery, located in Oaxaca, […]
Sempra Energy Forms North American Infrastructure Group
(Sempra Energy, 8.Aug.2018) – Sempra Energy formed a new operating group for its North American infrastructure businesses and named Carlos Ruiz Sacristán chairman and CEO […]
Talos Energy Conference Call, Webcast
(Talos Energy Inc. 6.Aug.2018) – Talos Energy Inc. will host a conference call, which will also be broadcast live over the internet, on Tuesday, August […]
Talos Energy Announces 2Q:18 Financial, Operational Results
(Talos Energy Inc., 6.Aug.2018) – Talos Energy Inc. announced its financial and operational results for the second quarter ended June 30, 2018, and reaffirmed the […]
Background: Premier Oil’s Entry Into Mexico
(Premier Oil, 6.Aug.2018) — London-based Premier Oil is focused on development of assets in parts of the world from South East Asia, the North Falklands […]
Shell Offers 1H:18 LatAm Updates
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water […]
Shell Provides 3Q:18 Outlook Update
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc offered the following outlook for the third quarter of 2018. Compared with the third […]
Pemex Has or Doesn’t Have Money?
(Energy Analytics Institute, Aaron Simonsky, 1.Aug.2018) – If Mexico’s Pemex doesn’t have the necessary funds to invest in deep water or shale activities, how is […]
Pemex Inaugurates 1st Petrol Station with New Image
(Pemex, 1.Aug.2018) – The CEO of Pemex Transformación Industrial stated that the new concept will help the franchise maintain its leadership in the national market​ […]
Mexico Oil Output to Trend Upwards in 2027
(Energy Analytics Institute, Aaron Simonsky, 31.Jul.2018) – Mexico’s oil production will cease to decline in 2025. That’s according to details of a report published by […]
Mexico’s Next President Promises Pemex Investment
(Bloomberg, Amy Stillman, 30.Jul.2018) – Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 […]
Petrofac Introduces Partner In Mexico
(Petrofac Limited, 30.Jul.2018) — Petrofac Limited signed an agreement to sell 49% of the Company’s operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco […]
Pemex Reports 2Q:18 Sales Rose 36%
(Pemex, 27.Jul.2018) – The company recorded operating yields of 120 billion pesos During the first quarter of 2018, it achieved an EBITDA of 288 billion […]