Category: Mexico
Mexico energy
Mexico’s New President Throws Down Gauntlet To Oil Majors
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) — Mexico’s new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national oil companies by his predecessor but challenged them to pump oil quickly or no further oil fields would be offered. […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said on Tuesday. The supermajor announced its tenth Guyana discovery this week, increasing the discovered recoverable resource in its Stabroek […]
Sierra Oil & Gas Announces Agreement With Deutsche Erdoel AG
(Sierra, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra’s business being integrated with Deutsche Erdoel AG (DEA AG), an international independent exploration and production company headquartered in Germany. Upon completion of the transaction, Sierra will be integrated into Deutsche Erdoel MĂ©xico, a fully-owned subsidiary […]
DEA To Buy Mexico’s Sierra Oil & Gas And Stake In Zama Discovery
(DEA Deutsche Erdoel AG, 4.Dec.2018) — DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, including the world class Zama discovery. The transaction […]
Talos Energy Announces Start Of Zama Appraisal Program In Mexico
(Talos Energy Inc., 4.Dec.2018) — Talos Energy Inc. announced the Zama-2 appraisal well was spud on Thursday, November 29, 2018. The spudding of the Zama-2 well marks the commencement of the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack. The first […]
Sierra Oil & Gas Announces Deal With Germany’s Deutsche Erdoel AG
(Sierra Oil & Gas, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra’s business being integrated with Deutsche Erdoel AG (DEA AG), an international independent exploration and production company headquartered in Germany. “We are very pleased to have secured an experienced and well capitalized industrial […]
Mexico’s AMLO Takes Office With Attack on Energy Overhaul
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, delivering a blistering attack on the energy industry overhaul passed under his predecessor and a broader excoriation of efforts to privatize industry. Speaking at the […]
OPDEnergy To Build Solar Photovoltaic Plants In Spain, Chile And Mexico
(OPDEnergy, 30.Nov.2018) — The multinational corporation OPDEnergy – specializing in the production of energy assets and in the management of all related phases (development, financing, construction, operation and maintenance) – will build 500 MW distributed in various photovoltaic solar projects located in Spain, Chile and Mexico next year. The investment […]
Nucor buys Mexican castings co. with facility in Guadalajara
(Energy Analytics Institute, Jared Yamin and Ian Silverman, 29.Nov.2018) — Nucor Corporation announced it will acquire Corporacion POK, S.A. de C.V., which produces complex castings and precision machined products used by the oil and gas, mining and sugar processing industries. POK, founded in 1894, is a fully integrated precision castings […]
Pemex’s Oil And Gas Output Fall Sequentially In October 2018
(Energy Analytics Institute, Jared Yamin, 29.Nov. 2018) —Pemex reported sequential declines in both crude oil, condensates and natural gas production in October 2018. Pemex, as the state oil company is known, reported crude oil + condensate production of 1,986 thousand barrels per day (Mb/d) in October 2018, down sequentially by […]
LatAmNRG Panorama 28.Nov.2018: Ecuador, Mexico, Peru, Venezuela
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On The Street And Briefs Saudi Arabia Boosting Oil Output As Venezuela’s Falls Saudi Arabia is said to have slightly boosted […]
Time For Texas To Share Renewable Energy Expertise With Mexico
(Caller Times, Carlos Torres-Verdin, 28.Nov.2018) — Ignore the incendiary rhetoric coming out of Washington D.C., the new political climate south of the border has never been more favorable, especially toward green energy providers. And the U.S., Mexico and ultimately Texas, have a lot to gain through greater and mutually beneficial […]
Mexico’s Oil Crisis Deepens
(Oilprice.com, Irina Slav, 27.Nov.2018) — Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters reports, citing data released by the company. This is also one of the lowest monthly production rates since 1990 when […]
LatAmNRG Chart Analysis: Venezuela’s R/P Rises As Oil Output Plunges
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s foreign currency revenues, is in a precarious state to say the least as oil output continues its downward trend. Interesting […]