(Reuters, Ana Isabel Martinez, David Alire Garcia, 18.Mar.2019) — Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil...
(Bloomberg, Nacha Cattan, 7.Mar.2019) — Mexican President Andrés Manuel López Obrador, or AMLO as he’s known, is doing spectacularly well with voters 100 days into his term. The latest survey...
(JWN, Jim Bentein, 5.Mar.2019) — Mexico’s productivity and economic growth are at risk due to a reduced supply of natural gas for industry, a business leader warns. Juan Pablo Castañón,...
(Oilprice.com, Tsvetana Paraskova, 5.Mar.2019) — Mexico will continue to need U.S. natural gas imports over the next decade, despite efforts by the new Mexican government to reduce dependence on American...
(Reuters, 28.Feb.2019) — Mexican state oil company Pemex said on Wednesday its losses narrowed in 2018, helped by currency exchange gains as crude production and refining rates continued to decline....
(Reuters, 23.Feb.2019) — Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday,...
(Bloomberg, Amy Stillman, 21.Feb.2019) — Mexico President Andres Manuel Lopez Obrador is freezing new joint-venture contracts with Petroleos Mexicanos, squashing investors’ final hopes that the Mexico energy reforms can be...
(Oilprice.com, By Tsvetana Paraskova, 15.Feb.2019) — Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said...
(AFP, 8.Feb.2019) — Mexican President Andres Manuel Lopez Obrador said Friday he would soon announce a rescue plan for troubled state oil company Pemex, suggesting it would be worth around...
(Reuters, 28.Jan.2019) — Mexico is not considering importing any more crude oil after it imported from the United States at the end of last year, Energy Secretary Rocio Nahle told...
(Oilprice.com, Tsvetana Paraskova, 24.Jan.2019) — Five years after former president Enrique Peña Nieto ended Pemex’s monopoly and opened Mexico’s oil industry to private foreign investment, the new administration is betting...
(Reuters, 20.Jan.2019) — Mexico’s state oil firm, Pemex, did not close the valve at a leaking gasoline pipeline when first notified because it was not initially thought to be an...
(Bloomberg, Pablo Rosendo Gonzalez, 17.Jan.2019) — Latina Offshore Ltd., which missed a debt payment this month, is working along with one of the consortia invited by Petroleos Mexicanos to submit...
(Reuters, 17.Jan.2019) — Traders of refined petroleum products said on Jan. 16 that pipeline system problems in Mexico may explain the third straight record increase in U.S. Gulf Coast gasoline...
[caption id="attachment_6297" align="alignnone" width="1024"] Source: La Jornada[/caption] (Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Heard on the street and LatAmNRG briefs on Mexican petroleum sector backs AMLO actions against fuel...
(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Pemex announced an over-pressure issue at the Hydros #1 plant located inside the “Ing. Antonio Dovalí Jaime Refinery,” has been controlled, the state...
(Reuters, 15.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages...
(Pemex 10.Jan.2019) — Petróleos Mexicanos continues to make progress in its efforts to normalize fuel supply. The new strategy set in motion by the Mexican Government to end “huachicoleo” (the...
(Pemex 9.Jan.2019) — The Mexican Government, through Petróleos Mexicanos, calls for the public to avoid panic shopping, as this could generate a fuel shortage. Once more, it reminds the public...
(Pemex 9.Jan.2019) — Jointly with the Secretariat of Finance and Public Credit (initials in Spanish: SHCP), the Corporate Financial Office of Petróleos Mexicanos is currently on a two-day working tour...
(Oilprice.com, Irina Slav, 7.Jan.2019) — Mexican drivers in several states are struggling to fill their tanks as the new government fights massive fuel theft by seeking to move more gasoline...
(Reuters, 7.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Monday that his crackdown against fuel theft was yielding positive results, even as the intervention sparked severe fuel shortages...
(Energy Analytics Institute, Jared Yamin, 6.Jan.2019) — By mandate of the Mexican Government, Pemex is advancing in the reestablishment of the supply of fuel in affected states, the state oil...
(Pemex, 6.Jan.2019) — By mandate of the Mexican Government, Pemex has made significant progress in restoring fuel distribution, using various alternative supply lines in the affected states. Although there have...
(Energy Analytics Institute, Jared Yamin, 5.Jan.2019) — In Guanajuato, the capital city of Guanajuato state, an estimated nine-out of a total of 14-gas stations reportedly don’t have fuel to supply...
(Pemex, 5.Jan.2019) — Petróleos Mexicanos reports that safer transportation methods are being used as part of the Joint Plan of the Mexican Government to combat fuel theft, which has caused...
(Energy Analytics Institute, Jared Yamin, 3.Jan.2019) — The Mexican Association of Gasoline Businessmen (Amegas by its Spanish acronym) confirmed the shortage of gasoline in various regions of Mexico, which could...
(Wolf Street, Don Quijones, 1.Jan.2019) — “We’re not just talking about the theft of oil, but about a plan involving government insiders and a complex distribution system. It’s not easy...
(Forbes, Jude Clemente, 30.Dec.2018) — Mexico’s new President Andrés Manuel López Obrador(AMLO) took office on December 1 and will serve one six-year term. It was the largest landslide in Mexico’s...
(AP, 30.Dec.2018) — The theft of US$3 billion in fuel every year from Mexico’s state-run fuel depots and pipelines is an inside job, the country’s new president said Thursday. President...
(Energy Analytics Institute, Jared Yamin, 31.Dec.2018) — Petróleos Mexicanos conducted maintenance at the Poza Rica Gas Processing Complex (CPG) from Dec. 29 to 31, the company announced in an official...
(Energy Analytics Institute, Jared Yamin, 22.Dec.2018) — Clandestine pipeline connections between January and October of 2018 rose 45% to 12,581 compared to 8,664 in the same period last year, and...
(AP, 19.Dec.2018) — Mexican President Andres Manuel Lopez Obrador detailed plans Saturday to “rescue” the national oil industry by boosting crude production at the state-owned oil company by 45 per...
(Eni, 16.Dec.2018) — His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Chief Executive Officer of Eni, signed...
(Energy Analytics Institute, Jared Yamin, Ian Silverman and Aaron Simonsky, 16.Dec.2018) — Heard on the street and other LatAmNRG briefs from Chile on its $515 million Energy Access Fund, Mexico’s...
(Energy Analytics Institute, Jared Yamin, 15.Dec.2018) — With the intervention of the Mexican government the most important company in the country will be rescued so that it becomes, once again,...
[caption id="attachment_5666" align="alignnone" width="2850"] Petróleos Mexicanos General Director Ing. Octavio Romero Oropeza. Source: Pemex[/caption] (Pemex, 15.Dec.2018) — The general director of Petróleos Mexicanos, Eng. Octavio Romero Oropeza, affirmed that with...
(Houston Chronicle, Sergio Chapa, 12.Dec.2018) — The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more...
(Reuters, Alexandre Meneghini, 10.Dec.2018) — Mexico’s new government detailed plans Sunday to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador and to...
(Pemex, 9.Dec.2018) — The President of Mexico, Andrés Manuel López Obrador, announced the National Refining Plan, which includes the rehabilitation of six refineries owned by Pemex and the construction of...
(Energy Analytics Institute, Jared Yamin, 7.Dec.2018) — Mexico’s President Andrés Manuel López Obrador appointed Engineer Octavio Romero Oropeza as the new CEO of Pemex. Romero assumed the position on December...
(Bloomberg, Amy Stillman, 6.Dec.2018) — In the tropical heat of southeastern Mexico, bulldozers prep the site of a massive new crude refinery on the outskirts of Paraiso, an impoverished oil...
(Sparrows Group, 6.Dec.2018) — Sparrows Group signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its...
(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...
(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...
(Rystad, 30.Nov.2018) — Mexico’s production has been following a declining trend, which is not expected to be reversed before at least 2025. Despite high hopes for new developments and the...
(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...
(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...
(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...
(Energy Analytics Institute, 15.Nov.2018) — Premier Oil plans to acquire 3D seismic across Block 30, which contains the high impact Wahoo prospect, and reprocess existing 3D seismic over Blocks 11...
[caption id="attachment_4656" align="alignnone" width="2700"] The PB-Abkatun-A2 platform is McDermott’s largest project in size and total value to date for PEMEX. Installation of Abkatun is scheduled for November 2018 in Mexico’s...
(Premier Oil, 15.Nov.2018) — In September, the Mexican authorities approved the Zama pre-unitisation agreement between Pemex and the Block 7 partners as well as the Block 7 Zama appraisal programme....
(NGI, Ronald Buchanan, 15.Nov.2018) — One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos...
(Financial Times, Jude Webber, 14.Nov.2018) — A deputy governor of the Bank of Mexico and head of the country’s oil regulator have both stepped down early from their posts, a...
(Pemex, 9.Nov.2018) — As part of the current Pemex business strategy, CEO Carlos Treviño leaves today for Abu Dhabi, where he will participate in the Abu Dhabi International Petroleum Exhibition...
(Reuters, 8.Nov.2018) — The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemex’s financial position before it invests in building new refineries. Mexico’s...
(Pemex, 8.Nov.2018) — Pemex and the Government of the state of Puebla have agreed to promote civil defense actions to mitigate the risks that arise from fuel theft in this...
(NGI, Andrew Baker, 6.Nov.2018) — Fitch Ratings late last month revised its outlook for Mexico, citing, among other things, potential energy policies to be implemented by incoming President-Elect Andrés Manuel...
(Talos Energy Inc., 5.Nov.2018) — Talos Energy Inc. and its partners in Block 7 offshore Mexico signed a Pre-Unitization Agreement (PUA) with Pemex that enables information sharing related to the...
(Reuters, Marianna Parraga, Ana Isabel Martinez, 1.Nov.2018) — Mexico’s state-run Pemex is expected to start operating in April the largest offshore oil platform built in the country in a decade,...
(Vista Oil & Gas, 30.Oct.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, after having obtained the approval of Mexico’s National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos de...
(Bloomberg, Eric Martin, 30.Oct.2018) — Mexico spent about 23.5 billion pesos ($1.2 billion) through the third quarter from its budget stabilization fund, which historically has been used almost exclusively to...
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, and down $5 million, or...
(Reuters, 26.Oct.2018) — Mexico’s state oil company Pemex said on Friday it swung to profit in the third quarter, with higher oil prices and a foreign exchange gain boosting revenues...
(Reuters, Marianna Parraga, Collin Eaton, 26.Oct.2018) — Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners...
(Burns & McDonnell, 25.Sep.2018) — Eduardo Andrade, a longtime executive in the Mexico energy industry, has joined Burns & McDonnell as its general director in Mexico for Burns & McDonnell...
(Chron.com, Rye Druzin, 24.Oct.2018) — Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Mexico’s oil production could rebound to 3.5 million barrels...
(Reuters, 23.Oct.2018) — Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the...
(Pemex, 23.Oct.2018) — Pemex implemented the Hurricane Emergency Response Plan (PREH initials in Spanish) to safeguard and protect workers’ safety and its facilities in the states of Jalisco, Nayarit, Colima,...
(Pemex, 23.Oct.2018) — Petróleos Mexicanos through its subsidiary Pemex Transformación Industrial (acronym in Spanish, TRI), confirms delivery of almost 100 MMcf/d of natural gas for customers in the Mexican Southeast...
(Reuters, 22.Oct.2018) — Refining firm Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for delivery from November through...
(Pemex, 22.Oct.2018) — Petróleos Mexicanos evaluated several proposals for shipments to supply light crude oil, in accordance to the parameters established by Pemex Transformación Industrial (Pemex Industrial Transformation). As a...
(Reuters, 19.Oct.2018) — Mexico’s peso currency reversed gains on Friday to fall 1 percent, hitting its lowest level in five weeks after a report by ratings agency Fitch on national...
(Petrofac Limited, 19.Oct.2018) — Petrofac Limited announces that it has completed the sale of 49% of the company’s operations in Mexico to Perenco (Oil & Gas) International Limited, following approval...
(S&P Global Platts, 18.Oct.2018) — Gas shortages in southern Mexico will reach a critical point in November as Pemex natural gas production continues declining and users lack access to LNG...