Tag: Mexico
Column: Are Mexican renewables really this cheap?
Winning bids in the latest Mexican renewables auctions were below two cents per kWh. By Lucas Davis and Veronica Irastorza The latest good news on renewable electricity generation comes from Mexico, where results were just announced for the country’s third renewables auction for large-scale projects. After average winning bids in April and September of last year […]
United States, Canada, and Mexico launch North American Energy information website
Canada is largest source of US natural gas and oil imports At the North American Energy Ministerial on Nov. 14 in Houston, Texas, United States Secretary of Energy Rick Perry, Canada’s Minister of Natural Resources James Carr, and Mexico’s Secretary of Energy Pedro Joaquin Coldwell launched the North American Cooperation on Energy Information (NACEI) website, according […]
Biggest onshore oil find in Mexico in 15 years by Pemex
Pemex discovery in Veracruz Mexico’s President Enrique Pena Nieto said Mexico’s state-owned oil company, Pemex, made its biggest onshore oil discovery in 15 years in the eastern state of Veracruz. The field located near the municipality of Cosamaloapan is believed to hold about 350 million barrels of proven, probably and possible reserves. Reuters reports the […]
Mexico’s shale-rich Burgos Basin opens to private investment for first time
Mexican government planning to open more acreage in Burgos and other shale basins to private companies In July 2017, Mexico’s national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies, according to the US Energy Information Administration. This […]
Mexico oil blocks auction surpasses last week’s estimates
Mexico oil blocks auction could mean $8.2 billion in investments On Monday, Mexico auctioned 10 of 15 available shallow water oil and gas blocks that were up for grabs as the government opens up the Mexico oil industry to foreign investment. The shallow water oil and gas blocks were located in the southern coastal waters […]
National Energy Board strengthens relationships with Mexican energy regulators
Agreements advance collaborative work on safety culture and management systems in oil and gas The National Energy Board recently entered into agreements to deepen the relationship with Mexico’s Energy Safety and Environmental Protection Agency (ASEA) and Energy Regulatory Commission (CRE), according to an NEB press release. The NEB is “looking to international peers so they can learn […]
Mexico optimistic about Monday’s offshore oil auctions
Robust interest from oil majors in upcoming offshore oil auctions Mexico is guardedly optimistic about the coming round of offshore oil auctions on Monday after a number of oil majors showed strong interest in the shallow-water tenders. According to Reuters, Mexico will conduct the auctions of 15 oil and gas blocks along the southern coastal […]
Pemex Salina Cruz refinery expected to reopen after fatal fire
Firefighter killed in Salina Cruz refinery blaze Mexican state-owned oil company Pemex said it expects to reopen its Salina Cruz refinery sometime on Thursday, one day after a fatal fire forced the shut down of the plant. One firefighter was killed and nine workers were injured in the blaze that broke out Wednesday at the […]
Oil/gas one of key objectives for Canada ahead of NAFTA renegotiation
Renegotiating or tearing up NAFTA raising worries about Canadian economy with 75% of exports going to U.S. Canada should come to the renegotiation of the North American Free Trade Agreement (NAFTA) with five key objectives to update and enhance trade and investment across the continent, according to a new Conference Board of Canada report. “Canada faces […]
Pemex Q1: Company posts first quarterly profit in five years
Pemex revenue up 55 per cent On Wednesday, Pemex posted a first quarter net profit of 87.9 billion pesos ($4.7 billion), which is the first quarterly profit reported by Mexico’s state-run company since 2012. Petroleos Mexicanos says higher crude prices and increased sales were factors in the profit, despite decreasing output. Revenue at Pemex was up 55 per cent to […]
Connect
Connect with us on the following social media platforms.