Mexico’s Comision Reguladora de Energia (CRE) plans to publish by the end of this week its first price report for molecule sales in the country’s nascent natural gas market, according to the director of economic analysis at the regulator’s natural gas unit.
Articles from Mexican
The University of Calgary, in collaboration with Mexican universities and research institutes, has received C$44 million (MX$646.94 million) in funding for four knowledge networks to support energy reforms in Mexico. The funding commitment follows from a partnership the university signed in December 2015 with the Mexican Ministry of Energy (SENER). The research focuses on four areas: heavy oil, mature and unconventional oil resources, pipeline loss reduction, and industry and labor market development. Research networks will be created through the University of Calgary’sGlobal Research Initiative in Unconventional Hydrocarbon Resources. The networks will be led by the University of Calgary and the lead Mexican partner institutions: the Instituto Mexicano del Petróleo and Instituto Tecnológico y de Estudios Superiores de Monterrey. Funding is administered by CONACYT, a national funding organization in Mexico that works to advance science and technology. Research will be developed over the next three years.
Eight projects worth $800 million,including a stake in a major subsea natural gas pipeline in the Gulf of Mexico, are on the plate of Sempra Energy’s Mexico-based Infraestructura Energetica Nova, SAB de CV (IEnova), CEO Carlos Ruiz Sacristan said Monday.
TransCanada Corp. has delivered on a plan to sell its U.S. merchant power assets in the Northeast, announcing that it would earn $3.7 billion for the business to help pay for its acquisition of Columbia Pipeline Group Inc. (CPG). In another move aimed at driving growth, the company said it would retain its interests in a growing portfolio of Mexican natural gas pipeline assets.
U.S. natural gas pipeline exports to Mexico will double between 2015 and 2020, according to an Energy Ventures Analysis, Inc. (EVA) report commissioned by the Natural Gas Supply Association (NGSA).
San Diego-based Sempra Energy said Monday that its Mexican subsidiary and Mexico’s national energy company, Petroleos Mexicanos (Pemex), will push ahead to salvage the unit’s buyout of Pemex’s 50% interest in a joint venture.
The Mexican government said its third auction to offer oil and natural gas lease blocks for development was its most successful to date, with peak production from the 25 onshore fields expected to reach 77,000 boe/d and bring in $1.1 billion of investment over the next 25 years.
American Energy Partners LP (AELP) on Tuesday announced a partnership with a private equity fund led by former Mexican President Vicente Fox to explore and develop Mexico’s unconventional oil and natural resources.