From Transport Topics An ambitious plan to boost Mexico’s oil and gas production could slow the country’s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar. Mexican President-elect Andrés Manuel López Obrador announced in late July a plan to invest billions
EnerCom public company presenters include 43 North American shale E&Ps, 7 international E&Ps and 10 other producers Chief executives from companies drilling the North American shale basins, conventional plays in the Gulf of Mexico, Europe and Latin America, LNG exports, Texas-sourced frac sand, oilfield services and pipelines will be in Denver at the Downtown Westin Hotel Aug. 19-22, 2018 for the 23rd
From Bloomberg Rest assured, President-elect Andres Manuel Lopez Obrador won’t use his congressional muscle to overhaul Mexico’s landmark oil reform that allowed foreign companies back into the industry, the head of his transition team said. Lopez Obrador, known as AMLO, will review private oil contracts for graft, but if something untoward is found there will be talks with the companies
From Bloomberg Mexico’s new government will probably continue hedging the country’s oil output in what is the world’s largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador. The country’s annual sovereign oil hedge and that of Petroleos Mexicanos are “working fine” and probably won’t be changed, said Abel Hibert, a member of Lopez Obrador’s
Onshore round is slated for Sept.; Mexico’s newly elected president López Obrador assumes office Dec. 1 Mexico’s newly elected president López Obrador (AMLO) took more than 50% of the vote Sunday. The president-elect will assume office Dec. 1, 2018, replacing outgoing President Peña Nieto, who has taken a strong position in leading the country toward opening its languishing oil and gas
From Bloomberg Uncertainty over Mexico’s elections July 1 have potential partners on hold State oil company still plans to farm out 11 onshore fields on October 31 Petroleos Mexicanos is accelerating efforts to bring on partners before an election that could slow foreign investment in Mexico’s oil industry. The Mexican state oil giant brought in a new head of joint ventures
Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) has signed a definitive agreement to be acquired by a privately held Cox Oil affiliate that owns and operates assets in the Gulf of Mexico. Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million, representing
From Reuters Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s response further raises trade tensions between the two countries and adds a new complication to efforts to renegotiate
Shell is projecting estimated peak production of 40 MBOEPD from Kaikias Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production of 40,000 BOEPD. Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in
Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update. The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – 53 MBOEPD. Capital expenditures are expected to be $430 – $450 million, funded by cash on hand and cash flows
American gasoline exports to Mexico have doubled in past five years U.S. exports of crude, LNG and gasoline are all on the rise, driven by the renaissance in the American energy industry. Crude and LNG exports commonly travel far overseas, supplying countries in Europe and East Asia. American exports of gasoline, on the other hand, are much more concentrated, with
From the Houston Chronicle Talos-led GOM discovery putting wind in Pemex sails Pemex is finalizing a development agreement with a group led by the Houston exploration and production company Talos Energy, which made the discovery last year about 37 miles off the southern Gulf coast of Mexico. It’s expected to be the first major development to move forward since the
