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.…

Source: Reuters

Mexico says Trump agreed to help it meet global oil cut target

Reuters


MEXICO CITY – President Donald Trump has “generously” agreed to cut American oil output by an additional 250,000 barrels per day to help Mexico contribute to global reductions, his Mexican counterpart said on Friday.

During marathon talks on Thursday …

April 10, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico, OPEC
Source: Reuters

Saudi, Russia seek to finalise oil cuts in G20 talks, want U.S. involved

Reuters


DUBAI/MOSCOW – Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove …

Source: CNBC

Mexico throws OPEC’s historic oil production cut into doubt ahead of G-20 meeting

CNBC


Oil producer group OPEC and its allies failed to comprehensively secure a deal to take a historic amount of crude off the market on Thursday, after Mexico balked at the suggested production cuts.

An energy alliance of some of

April 10, 2020 - 9:08 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico, OPEC
Source: Reuters

Ideology may trump the market in Mexican president’s energy revamp

Reuters


MEXICO CITY – Mexico’s leftist president may offer some concessions to pro-market voices in his cabinet when he unveils a $13.5 billion energy plan this week, but likely not enough to attract major investment or to revive the fortunes …

Exclusive 360 Energy Expert Network Video Interview: The Port of Corpus Christi seen trouble before, and is open for business.

Exclusive 360 Energy Expert Network Video Interview: The Port of Corpus Christi seen trouble before, and is open for business.

The Port of Corpus Christi in the western Gulf of Mexico is one of key components in the life blood for imports and exports in the United States. They the 2nd in tonnage,  and the largest port in revenue in

ExxonMobil outlines progress on long-term growth strategy

ExxonMobil outlines progress on long-term growth strategy

ExxonMobil


Woods told investors that ExxonMobil (stock ticker: XOM) is planning capital expenditures of between $30 billion to $35 billion annually through 2025, consistent with previous guidance. For 2020, the company anticipates an investment level of up to $33 billion, …

Source: Houston Chronicle

Shell plans major drilling in Mexico, but oil may take years

Houston Chronicle


Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.

The global oil major plans to drill four wells this year, and …

February 26, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
General Electric Oil & Gas and Petroleos Mexicanos (PEMEX), Mexico's state-owned oil and gas company, have signed a technology collaboration to help PEMEX improve its oil and gas production. Pictured here is an aerial photo of a PEMEX deepwater platform in the Gulf of Mexico.

Fight over Mexico’s Zama oil field is holding up Premier Oil’s effort sell its share

Houston Chronicle


The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.

Some international oil companies operating in …

February 25, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Italy’s Eni says offshore Mexico find could make block commercial

Reuters


MEXICO CITY – Italy’s state-controlled oil company Eni said on Monday it notched an offshore discovery just off Mexico’s southern Gulf Coast, marking “a potential commercial outcome” in its area because of other nearby prospects.

The new find is …

Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations

Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations

Oil and Gas 360


HOUSTONJan. 31, 2020 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the filing of a preliminary Schedule 14C information statement with the Securities and Exchange Commission (“SEC”), an important …

Source: Reuters

Mexico’s Pemex wants to operate Zama as its block holds most of the oil

Reuters


MEXICO CITY – Mexican state oil company Petroleos Mexicanos would like to run the operations in a major offshore oil area discovered by a consortium of private companies when development eventually begins, the company’s chief executive said on Wednesday.…

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

Source; Houston Chronicle

Talos Energy goes on $640M buying spree in Gulf of Mexico

Houston Chronicle


The Houston offshore oil and gas producer Talos Energy announced the results of a $640 million buying spree, picking up a slew of assets in the Gulf of Mexico from multiple companies backed by Riverstone Holdings and other …

December 11, 2019 - 12:30 pm Closing Bell Story‎, Energy News, Mexico, Offshore, People
Source: Houston Chronicle

Pemex communications still spotty after crippling cyberattack

Houston Chronicle


Some of Petroleos Mexicanos’s communication systems are still affected two weeks after a cyberattack hit Mexico’s beleaguered state oil firm.

For some employees, internet access is limited, some computer files aren’t accessible and they are having difficulty receiving …

Source: Houston Chronicle

Reports of Pemex cyberattack has U.S. companies taking precautions

Houston Chronicle


American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack that allegedly knocked out computers at Mexico’s state-run oil company Petroleos Mexicanos, or Pemex.

Mexican media outlets have …

Source: Reuters/Edgard Garrido

Mexico’s Pemex won’t pay ransom after cyberattack: energy minister

Reuters


Mexican national oil company Pemex will not pay a ransom demanded by suspected cyberattackers who targeted the firm’s computer systems, Energy Minister Rocio Nahle told reporters on Wednesday.

Nahle, who also serves as chair of the Pemex board, added …

Source Reuters

Mexico plans infrastructure blitz worth billions to shore up economy

From Reuters


Mexico will soon unveil a set of major infrastructure projects drawn up by the private sector to lift the economy, President Andres Manuel Lopez Obrador said on Wednesday, seeking to banish the specter of recession from his young …

October 2, 2019 - 3:35 pm Closing Bell Story‎, Energy News, International, Mexico
Wintershall and Talos give up oil contract in Mexico’s Gulf

Wintershall and Talos give up oil contract in Mexico’s Gulf

From Reuters


A consortium formed by Hokchi Energy, Talos Energy and Wintershall Dea has given up a Mexican oil contract in the Gulf of Mexico’s shallow waters due to lack of commercial discovery, the country’s oil regulator said on Wednesday.…

October 2, 2019 - 3:12 pm Closing Bell Story‎, Energy News, International, Mexico, Offshore
Gas flares from a burner tower, right, on one of the sections of the Petroleos Mexicanos (Pemex) Pol-A Platform complex, located on the continental shelf in the Gulf of Mexico, 70 kilometers offshore from Ciudad del Carmen, Mexico, on Saturday, March 29, 2014.  
Photo: Susana Gonzalez, Bloomberg

Pemex’s head of crude oil trading leaves amid pricing review

Source: Houston Chronicle


Petroleos Mexicanos’s head of crude oil trading Victor Briones has left the company, people familiar with the matter said Thursday.

Briones, who worked for two decades at PMI, the trading arm of Mexico’s state-owned oil company, left …

Mexican president heaps fresh scorn on predecessor’s oil reform

Mexican president heaps fresh scorn on predecessor’s oil reform

Source: Reuters –


Mexican president heaps fresh scorn on predecessor's oil reform - oil & gas 360

A sweeping oil reform enacted several years ago in Mexico came under fresh attack from President Andres Manuel Lopez Obrador on Tuesday, as he dismissed it as a give away that has yielded no additional output from …

September 24, 2019 - 2:45 pm Closing Bell Story‎, Crude Oil News, International, Mexico
Mexico to keep fuel prices stable despite Saudi attacks: president

Mexico to keep fuel prices stable despite Saudi attacks: president

Source: Reuters –


Mexico’s government will uphold its pledge to keep fuel prices stable and has gasoline supplies secured despite attacks on Saudi oil sites, President Andres Manuel Lopez Obrador said on Tuesday.

Lopez Obrador told a regular news conference …

September 17, 2019 - 11:02 am Closing Bell Story‎, International, Mexico, Politics & Opinions
Source: CatholicVoices.org

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

From Reuters


Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion.

The deal announced by President Andres …

Source: CatholicVoices.org

Mexican President Pushes Hopes for Pipeline Deal into Next Week

From Reuters


Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution.

“It’s going well, …

Source: Borr Drilling

Borr Drilling Awarded Contract by Pemex

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling is awarded its fourth Mexican contract in less than nine months
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has been awarded a contract by

Talos Energy Increases Borrowing Base, Announces Hedges

Talos Energy Increases Borrowing Base, Announces Hedges

By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich

Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous