Mexico

Source: Reuters

Mexico’s energy policies are hurting trade with the U.S. and Canada

Oil Price


The United States and Canada are frustrated with Mexico’s approach to energy. The country’s energy policy has fluctuated over the last decade as different presidents have taken wildly different approaches to transform the sector. The previous Mexican President, …

Source: Oil Price

U.S. and Mexico extend energy discussions after failing to resolve dispute

Oil Price


The United States and Mexico will continue talks aimed at settling an energy policy dispute after failing to reach an agreement within the set minimum period, Bloomberg has reported, citing the sides chose to keep negotiating instead …

Source: World Oil

Mexico plans to be LNG export hub with U.S.-drilled natural gas

World Oil


(Bloomberg) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast.

 

Although natural …

Source: Reuters

Analysis: President’s tough talk masks Mexican concern over energy dispute with U.S.

Reuters


MEXICO CITY – A potentially costly U.S.-led complaint against Mexico’s energy policy has stirred considerable concern inside the Mexican government in spite of President Andres Manuel Lopez Obrador’s defiant attitude, officials and people close to the matter say.

Last …

July 29, 2022 - 10:50 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico denies energy policies unfair after Canada joins U.S. demand

Yahoo Finance


MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Thursday denied his energy policies breached a regional trade agreement after Canada challenged them, and said that he had reached agreement with a host of American investors in …

July 22, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: World Oil

U.S. hopes to discuss Mexico’s energy moves breaking trade deal

World Oil


(Bloomberg) — The U.S. said Mexico’s nationalist energy policies violate North America’s free-trade deal and has requested dispute-settlement talks under the agreement.

 

Mexico’s moves to prioritize energy from its state utility over private renewables companies, as well …

Source: Reuters

Mexico says US energy secretary to visit, power market concerns eyed

Reuters


MEXICO CITY – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday.

The

January 17, 2022 - 12:30 pm Closing Bell Story‎, Energy News, Mexico, Power Generation
Source: Reuters

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

Reuters


MEXICO CITY/HOUSTON -A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico’s state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claiming the sale would raise U.S. gasoline …

December 22, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Bloomberg

Mexico may cut Pemex tax liability in bid to boost oil production

World Oil


MEXICO CITY (Bloomberg) –Mexico could slash Pemex’s taxes further as the world’s most indebted oil company scrambles to reverse long-term oil production declines.

“With Pemex, for example, we are constantly or periodically lowering taxes so they have more …

Source: Reuters

Mexico’s Pemex to issue new debt as $3.5 bln cash injection planned

Nasdaq


Dec 6 – Petroleos Mexicanos (Pemex) said on MondayPEMX.ULit will issue new debt and that the Mexican government plans to inject up to $3.5 billion into the state oil company to help manage its liabilities.

In a …

December 6, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance, Mexico
Source: Bloomberg

Pemex replaces CFO as Mexico’s president tightens his grip

World Oil


MEXICO CITY (Bloomberg) –Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant.

In Pemex’s first C-suite shift under the current administration, the Mexican producer named …

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Source: World Oil

Pemex reduces 2022 oil output forecast after platform troubles

World Oil


MEXICO CITY (Bloomberg) –Mexico cut its forecast for oil production at Pemex next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state company is struggling.

The country’s Finance

September 9, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Pemex targets restoring oil output lost to platform fire by Aug 30

Reuters


MEXICO CITY  – Mexican state oil firm Petroleos Mexicanos (Pemex) expects to resume by Aug. 30 all oil production shut down by a deadly fire on an offshore platform, the firm’s chief executive said on Tuesday.

Five workers were …

August 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico, Offshore
Source: Bloomberg

Mexico’s fuel market grip is poised to tighten, buoying AMLO

Bloomberg


Mexico’s bill to increase government controls over the fuel market won final congressional approval in the latest blow to the country’s historic opening up of the energy industry.

With 65 lawmakers in favor, 47 opposed, and 6 abstaining, the …

April 23, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

Reuters


MEXICO CITY- The United States has raised concerns with Mexico about a worsening climate for U.S. energy investors in the Latin American nation, the Office of the United States Trade Representative (USTR) said.

Mexican President Andres Manuel Lopez Obrador, …

Source: Reuters

EnerCom Dallas Presenter Update: Exclusive: Pemex would consider letting private group operate Zama oil field, CEO says

Reuters


Editor’s Note: Talos Energy (NYSE: TALO) will be presenting at The EnerCom Dallas Energy Investment & ESG Conference April 6-7, 2021. EnerCom Dallas is a financial conference that provides institutional investors an early 2021 opportunity to meet CEOs from

March 22, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexican president plans renegotiation of power industry contracts

Reuters


MEXICO CITY – Mexico plans to renegotiate contracts in the electricity sector with Spain’s Iberdrola and around 10 other firms, President Andres Manuel Lopez Obrador said on Wednesday, heralding fresh tensions between his government and the private sector.

“Basically …

Source: Reuters

Mexico defends state-led energy policy as investors look to Biden

Reuters


MEXICO CITY – Mexico’s president on Thursday forcefully defended his drive to strengthen the state’s role in the energy sector, seeking to temper investor hopes that he might give ground if the new U.S. government under President Joe Biden …

January 21, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico takes controversial step to limit private fuel imports

Reuters


MEXICO CITY – Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a weekend decree, fanning concerns that the move may unduly benefit national oil company Petroleos Mexicanos (Pemex).

The …

December 28, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico to investigate Vitol bribe allegations, president says

Reuters


MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex).…

December 10, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Mexico president offers Sempra LNG export permit on condition

Reuters


MEXICO CITY  – U.S.-based Sempra Energy will be granted an export permit for a liquefied natural gas facility in northwest Mexico if the company helps address excess supply in the area, Mexican President Andres Manuel Lopez Obrador said on …

November 13, 2020 - 3:00 pm Closing Bell Story‎, Energy News, LNG, Mexico, Natural Gas News
Mexico Natural Gas Production by Private E&Ps Seen Developing Allocation Options

Mexico Natural Gas Production by Private E&Ps Seen Developing Allocation Options

NGI


The natural gas market in Mexico is a new opportunity for private sector producers, as firms begin to analyze alternative possibilities, according to a research note from consultancy Talanza.

“Natural gas has become a worldwide commodity, and particularly in …

September 4, 2020 - 7:00 am Closing Bell Story‎, International, Mexico, Natural Gas News
Trial of ex-Pemex boss threatens to lift lid on Mexico’s ‘cash box’

Trial of ex-Pemex boss threatens to lift lid on Mexico’s ‘cash box’

Reuters


MEXICO CITY  – The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvas for Mexico’s leftist president to depict rot at the heart of …

Source: Reuters

There has to be more to Mexico’s oil sector than Pemex

Forbes


There are experiences in Mexico’s history (and certainly other countries’) that serve as painful reminders that building an economy highly dependent on hydrocarbons is not, in the long term, the cleverest of decisions.

The oil boom in the 1970s …

July 16, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

EIA


Oil & Gas 360 Publishers Note: This is fantastic. Exporting and trading with Mexico and Canada is better for our neighbors and the United States. 

Exports of natural gas by pipeline are the largest component of U.S. natural gas …

Source: Fox Business

US negotiates North American rival to OPEC as Trump trade deal takes effect

FOXBusiness.com


Publisher’s Note:  Much to the irritation of OPEC and world-wide national oil states, American innovations in hydraulic fracturing, horizontal drilling and seismic technology have all contributed to the Shale Revolution and has enabled the US energy industry to become

Source: Reuters

U.S. slaps sanctions on Mexican firms, individuals linked to Venezuelan oil trade

Reuters


WASHINGTON/MEXICO CITY  – The United States on Thursday blacklisted Mexico’s Libre Abordo and a related company, accusing them of helping Caracas evade U.S. sanctions in the first formal action by the U.S. Treasury Department against Mexican firms involved in …

Mexico again extends timeframe for oil permits due to coronavirus

Mexico again extends timeframe for oil permits due to coronavirus

Reuters


MEXICO CITY – Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect extending a freeze on all deadlines until the government determines it is safe to …

June 4, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Why bond investors are willing to bet on money-losing Pemex after oil price crash

Reuters


MEXICO CITY/NEW YORK  – Mexico’s state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.…