Mexico Must Modify Oil, Natural Gas Methane Regulations to Curb Emissions, Consultancy Says

Mexico will struggle to meet its targeted reduction in methane emissions from oil and gas operations if existing regulations are not improved, according to new analysis by Talanza Energy Consulting. Mexico’s oil and gas environmental regulator Agencia de Seguridad, Energía y Ambiente (ASEA), in November 2018 issued a set of guidelines designed to curb emissions…

Natural Gas Futures See Uptick as Production Slides, LNG Demand Stays Strong

Natural gas futures recover slightly as production slips 2 Bcf/d from Monday LNG demand holding above 4.5 Bcf/d as arbitrage has improved Cash continues to climb as heat seen continuing another day Natural gas futures rebounded a bit Tuesday as production declined and liquefied natural gas (LNG) demand held firmly above the 4.5 Bcf/d mark.…

August 12, 2020

Facing Unprecedented Economic Contraction, Mexico’s Government Urged to Change Course on Energy Policy

Mexican business chamber Confederación Patronal de la República (Coparmex) has issued a statement warning that Mexican energy policy as outlined in a memorandum from President Andrés Manuel López Obrador to energy sector regulators is damaging to investor confidence at a time when the country desperately needs to jumpstart economic activity. Mexico’s gross domestic product (GDP)…

August 11, 2020

Large Pullback for Natural Gas Futures as Weather Outlooks Back Off Heat; Cash Rallies

Weather models trend cooler over into Monday, keep heat out West LNG demand gaining momentum, but production also higher Cash prices soar as hotter weather moves back into key demand regions Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With…

August 11, 2020

Talos Maintains Bright Outlook For Private Sector E&P in Mexico Despite Tension

Despite tension between Mexico’s government and non-state energy firms, Houston-based Talos Energy Inc. maintains a bright outlook for private sector exploration and production (E&P) in the country, management said last week. President Andrés Manuel López Obrador has upheld his pledge to honor the more than 100 E&P contracts awarded following the 2013-2014 market-opening energy reform,…

August 10, 2020