MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 12.Mar.2026, Words: 118) — Veracruz governor RocĂo Nahle GarcĂa reported an oil spill is affecting the Mexican state’s coast. The spill apparently originated from a vessel owned by a private company. According to the governor, the incident occurred while the ship […]
Tag: Mexico
Venezuela Economy To Shrink 25% In 2020: IMF
(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the Latin America and Caribbean (LAC) region with its gross domestic product (GDP) projected to contract 25% in 2020, according to […]
Global LNG Demand Resilient Amid COVID-19
(IHSMarkit, 30.Apr.2020) — The COVID19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed for the supply and demand of each traded commodity and LNG is no exception. It is clear that natural gas demand will be negatively affected, […]
Saudi OSPs For Oil Exports Bode Well For Asian Refiners
(WoodMac, 16.Apr.2020) — On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia’s crude export strategy after agreeing to cut production in the OPEC+ deal on 10 April 2020. Wood Mackenzie research director Sushant Gupta […]
Ecopetrol Eyes Investments Of $3.5-$4 Billion In 2019
(Ecopetrol, 27.Nov.2018) — Ecopetrol S.A. reported that in 2019 the Ecopetrol Business Group (GEE) expects to invest between $3.5 and $4billion, up 16% to 33% over the projected 2018 figure. The plan approved by the Board of Directors aims to ensure the company’s strategy of growth and consolidation, with efficient, […]
AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative
(Forbes, Kenneth Rapoza, 31.Oct.2018) — Prognosis negative for Mexico. So says Fitch Ratings. After a no vote on a new airport was reached yesterday in a referendum that president-elect AndrĂ©s Manuel LĂłpez Obrador (aka AMLO) put on a special ballot, investors turned a bit sour. Elected this summer, AMLO takes […]
Methane Fears Cloud Argentina’s Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) — Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
Four Cos. to Invest $727 Mln in Ecuador
(Energy Analytics Institute, Jared Yamin, 18.Aug.2018) – Ecuador announced four companies would invest $727.85 million to boost production in a number of fields. The companies – Triboilgas CĂa. Ltda, Vinccler C.A, Arotekh C.A. and Avanzia – plan the investments in the Cuyabeno/Sansahuari, Oso, Yuralpa and Blanca/Vinita fields located in provinces […]
BPTT Announces Angelin Arrival in Trinidad
(BPTT, 2.Aug.2018) – BP Trinidad and Tobago announced its Angelin platform has arrived in T&T. Angelin, which will be BPTT’s 15th offshore platform, was fabricated in Altamira, Mexico. The topside and jacket sailed from Altamira on June 30. Over the next few weeks they will be installed off the south […]
Why Is Venezuela Still Sending Subsidized Oil To Cuba?
(OilPrice.com, Haley Zaremba, 17.Jul.2018) – In the past, oil has accounted for 96 percent of Venezuela’s exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions, political strife, and low oil prices, the Venezuela’s all-important oil production is plummeting. In fact, last […]
IEnova to Spend $150 Mln on Mexican Terminal
(San Diego Union Tribune, Rob Nikolewski, 9.Jul.2018) – Continuing its aggressive corporate strategy, IEnova – the Mexican subsidiary of San Diego-based Sempra Energy – added another asset to its energy portfolio Monday by announcing it will spend $150 million to build and operate a liquid fuels marine terminal in the […]
DOE Assists with $1B Investment in Mexico
(Natural Gas Intelligence, 28.Jun.2018) – Citing a “profound opportunity in Latin America,” Department of Energy (DOE) Secretary Rick Perry said the U.S. government would partner with the Overseas Private Investment Corporation (OPIC) and invest $1 billion in Mexico’s energy sector over the next three years. The joint initiative, officially the […]
Guyana Potential Game Changer for Petrotrin
(Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) – Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says National Gas Company (NGC) Chairman Gerry Brooks. He was speaking during a presentation at the Chamber of Industry and Commerce’s Business Outlook breakfast meeting held […]
Kinder Considers More NatGas Takeaway to Mexico
(Natural Gas Intelligence, Carolyn Davis, 22.Jun.2018) – The Permian Basin’s growing natural gas volumes may provide the perfect aperitif to quench Mexico’s thirst, according to Kinder Morgan Inc. The Houston-based pipeline and midstream giant’s natural gas segment makes up about 90% of $900 million worth of projects that were added […]
Venezuela Oil Exports to China Slump
(Reuters, 17.Jun.2018) – Reuters) – China’s imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output and mounting logistics issues, according to people familiar with the matter and shipping data. State-controlled PetroChina expects June loadings from […]
What is in store for Mexican oil under a new leader?
(Financial Times, Nick Butler, 10.Jun.2018) Among this year’s many elections — from Iraq to Malaysia to Russia — none is more important for the international energy business than the presidential race in Mexico, which will be held on July 1. Unless the polls are all badly awry, the candidate of […]
BPTT’s Angelin Project Gets Green Light
(BPTT, 1.Jun.2017) — BP Trinidad and Tobago LLC announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – bpTT’s 15th offshore production facility – 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 […]
Trump Nationalism Scares LAC Exporters
(Energy Analytics Institute, Pietro D. Pitts, 27.Jan.2017) – Taiwan’s president got the call, Mexico’s president will get a wall. At least, that’s what U.S. President Donald Trump is proclaiming. From all accounts, Mexico’s President Enrique Peña Nieto has not been shown the same courtesy as Taiwan’s President Tsai Ing-wen. Witnessing […]
Petrobras Sells Sugar, Ethanol, PetroChem Assets
(Petrobras, 28.Dec.2016) – These transactions are part of the company’s partnerships and divestments program. The target for the period 2017-2018 is $21 billion … On December 28, 2016, Petrobras closed two asset sales for the total sum of $587 million. The subsidiary Petrobras BiocombustĂvel (PBio) sold to Tereos Participations – […]
Finance Ministry, Pemex Meet With Investors
(Pemex, 19.Apr.2016) – The Minister of Finance and Public Credit, Luis Videgaray, and the Pemex CEO JosĂ© Antonio González Anaya, met in New York with investors, analysts, and executives of financial institutions to emphasize the economic prospects of the company and investment opportunities that resulted from the implementation of the […]