Tag: Mexico
US crude oil imports increased in 2016
OPEC’s share in 2016 was lower than in any year between 1973 Gross US crude oil imports in 2016 rose to an average of 7.9 million b/d, 514,000 b/d more than the 2015 average, according to the US Energy Information Administration. Net crude oil imports increased by a smaller amount (460,000 b/d), as US crude […]
New ‘super basin’ in Mexico’s deepwater beckons international oil companies
Mexican crude production continues to decline, still the main source for financing government budget New research by IHS Markit finds that the Tampico-Misantla Basin in Mexico could be one of 24 global onshore ‘Super Basins’ that IHS Markit has identified, according to a press release. Exploration and production (E&P) companies investing in Mexico’s upstream industry have […]
Pemex sharply reduces losses as oil prices rise
Pemex crude production down by 5 per cent in 2016 By David Alire Garcia MEXICO CITY, Feb 27 (Reuters) – Mexican state-owned oil company Pemex on Monday reported a much smaller fourth-quarter loss, due in large part to higher crude prices. The loss narrowed to $1.58 billion (32.6 billion pesos) from $9.8 billion a year […]
Mexico tequila maker has a shot at turning agave waste into fuel
Mexico tequila maker has a shot at turning agave waste into fuel By Sophie Hares TEPIC, Mexico, Feb 24 (Thomson Reuters Foundation) – One of Mexico’s most famous tequila companies, Herradura, hopes to turn into fuel the thousands of tonnes of waste it generates each year from the spiky blue agave plants used to make […]
Pemex inks hydrogen refinery venture with France’s Air Liquide
Pemex inks hydrogen refinery venture with France’s Air Liquide MEXICO CITY, Feb 23 (Reuters) – Mexico’s Pemex will partner with France’s Air Liquide SA to operate an existing hydrogen plant and build a second one at its Tula refinery, the Mexican state-owned oil company said in a statement on Thursday. The 20-year joint venture partnership […]
Alfa to sell oil assets in Eagle Ford, Peru, pauses energy spend
Alfa CFO says company focusing resources on core business MEXICO CITY, Feb 14 (Reuters) – Mexican conglomerate Alfa said on Tuesday it will sell its energy projects in the Eagle Ford shale in Texas, as well as its energy assets in Peru, while also stalling all energy investments due to lingering low oil prices. Alfa’s […]
US energy exports to Mexico in 2016 worth more than twice that of imports
Mexico second only to Canada in energy trade with US Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico, according to the US Energy Information Administration. Through 2014, Mexico’s exports of […]
Natural gas-fired power plants lead electric capacity additions in Mexico
Natural gas is Mexico’s largest source of electricity generation, accounting for 54 per cent of the country’s generation in 2015, up from 34 per cent in 2005, according to the US Energy Information Administration. According to Mexico’s national energy ministry (SENER), more than 60 per cent of Mexico’s electric capacity additions between 2016 and 2020 are projected to […]
Pemex imports first diesel cargo via train from Texas
Pemex says rail shipments will help diversify Mexico’s fuel supply By David Alire Garcia MEXICO CITY, Jan 17 (Reuters) – Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country’s energy opening, […]
IEnova will invest $800 mln in 2017 on 8 projects
IEnova unit of Sempra Energy MEXICO CITY, Jan 16 (Reuters) – Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, will invest $800 million this year on eight projects, the company’s chief executive said on Monday. Carlos Ruiz Sacristan said the most important project is an underwater pipeline between Texas and the Mexican Gulf […]
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