Mexico

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.…

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 …

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