Post Tagged with: "Mexico"

Source: Reuters

Mexico can’t make additional oil output cuts, says president

Reuters


MEXICO CITY – Mexico is not in a position to make additional oil output cuts beyond those agreed at the April meeting of the OPEC+ group of oil-producing countries, President Andres Manuel Lopez Obrador said on Friday.

OPEC+ agreed …

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

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: 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 …

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 …

EIA expects U.S. net natural gas exports to almost double by 2021

EIA expects U.S. net natural gas exports to almost double by 2021

EIA


EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.

 

EIA expects U.S. net natural gas exports to almost double by 2021 - oilandgas360

In its Short-Term Energy

Source: Houston Chronicle

China invests $600 million into Mexico’s Dos Bocas refinery

Houston Chronicle


Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government.

During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the …

January 14, 2020 - 10:00 am China, Closing Bell Story‎, Energy News
Source: Houston Chronicle

Shell brings fuel to Mexico in push for 15% of retail market

Houston Chronicle


Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete.

The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 …

January 9, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Big Oil seeks refuge in Brazil from Latam regional turmoil

Source: Reuters


RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks …

Source: Houston Chronicle

Pemex posts $4.6 billion loss amid sagging exports, domestic sales

Source: Houston Chronicle


Mexico’s state-run oil company Petroleos Mexicanos, or Pemex, reported slightly higher production figures but posted a $4.6 billion loss during the third quarter amid sagging exports and domestic sales.

In a Monday morning statement, Pemex reported a …

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: Cameron LNG

Cameron LNG Commences Commercial Operations

By Tyler Losier, Energy Reporter, Oil & Gas 360

Train 1 of Sempra's Cameron LNG project commences commercial operations
Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train

Source: Cameron LNG Media Kit

LNG Takes up 7 Percent U.S. Gas Production in July

From The Houston Chronicle


U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.

Last month gas deliveries to LNG export facilities reached …

August 19, 2019 - 6:03 am Closing Bell Story‎, Energy News, LNG, Natural Gas News, Trade
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

Source: Royal Dutch Shell

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a

Source: The Society of Petroleum Engineers

New Tax Breaks Planned for Mexico’s Indebted Pemex

From Reuters


The Mexican government will propose an additional tax reduction for heavily indebted state oil company Pemex [PEMEXF.UL] in the nation’s 2020 budget, President Andres Manuel Lopez Obrador said Thursday, the latest measure to strengthen the company.

Lopez Obrador …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Sempra’s New VP Talks LNG – an Oil & Gas 360 Exclusive

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sempra names Brian L. Kelly VP of federal government affairs
Sempra Energy (stock ticker: SRE), an energy infrastructure company with an increasingly prevalent foothold in the LNG business, has appointed Brian

Source: EnscoRowan

Talos Completes Zama Appraisal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Third and final appraisal well drilled, FID expected by 2020
Talos Energy Inc. (stock ticker: TALO), an independent E&P headquartered in Houston, has completed its Zama appraisal program in Block 7

Mexican President AMLO Contradicts Report to Opposite, Says Pemex Oil Production is Stable, Not Falling 

Mexican President AMLO Contradicts Report to Opposite, Says Pemex Oil Production is Stable, Not Falling 

From Reuters 

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Tuesday that production at state oil company Pemex has stabilized, despite a report showing that output fell in May from April. 

Pemex, which has long struggled to

June 26, 2019 - 5:48 am Closing Bell Story‎, Energy News, Mexico
Mexico Becomes First Country to Approve USMCA

Mexico Becomes First Country to Approve USMCA

From the Washington Examiner

Mexico’s Senate voted overwhelmingly in favor of approving the U.S.-Mexico-Canada Agreement on trade, a deal that would replace the North American Free Trade Agreement.

The measure passed with a 114-4 vote, bringing the agreement one …

June 20, 2019 - 6:53 am Closing Bell Story‎, Mexico, Trade
The Port Arthur facility (Source: Howard Energy Partners/Business Wire)

Port Arthur, Corpus Christi Terminals Get an Upgrade

By Tyler Losier, Energy Reporter, Oil & Gas 360

Howard Energy Partners completes expansion of Port Arthur and Corpus Christi terminals
This week, Howard Energy Partners (HEP) announced the completion of two expansion projects at its Port Arthur and Corpus

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

From Reuters


WASHINGTON (Reuters) – A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses …

A Rough Day at the Park for Crude Oil

A Rough Day at the Park for Crude Oil

By Tyler Losier, Energy Reporter, Oil & Gas 360

Actually, it’s been a rough few weeks for crude oil.

West Texas Intermediate near-month futures are down just about 20% since WTI peaked at $66.60 in late April of this year,

Mexican Tariffs Could Smack U.S. Refiners, Add to Fuel Costs

Mexican Tariffs Could Smack U.S. Refiners, Add to Fuel Costs

From Reuters

HOUSTON (Reuters) – U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil by boosting prices, and raising concerns about potential retaliation by …

June 3, 2019 - 2:44 pm Closing Bell Story‎, Downstream, Energy News, Trade
Mexico Stanches Flow of Stolen Fuel

Mexico Stanches Flow of Stolen Fuel

From The Wall Street Journal

Mexico’s government is notching some successes in its battle against the country’s fuel thieves, dealing a blow to organized crime and restoring lost revenues to financially troubled state-run oil company Petróleos Mexicanos.

During the first …

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

From Bloomberg

International oil companies including Malaysia’s Petronas, U.S. independent Murphy Oil Corp. and Spain’s Repsol SA are pushing ahead with plans to develop Mexico’s deep-water fields, as they face criticism from the government that they aren’t moving fast enough.…

Pemex Imports Crude in February, Despite President’s Aversion

Pemex Imports Crude in February, Despite President’s Aversion

From Reuters

Mexican state oil company Pemex imported crude oil in February despite the new president’s sharp criticism of the previous government’s authorization of foreign oil shipments, official data showed on Tuesday.

President Andres Manuel Lopez Obrador, who took office …

March 27, 2019 - 3:02 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Mexico’s Pemex Posts $7.6 Billion Loss In 2018 As Oil Output Dips

Mexico’s Pemex Posts $7.6 Billion Loss In 2018 As Oil Output Dips

From Reuters

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.

Pemex, Mexico’s largest company, reported a loss of $7.6 billion in …

February 28, 2019 - 2:10 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico