Mexico

Natural gas sales heated up across North America in the first three months of the year, raising volumes and prices of flows between Canada, the United States and Mexico, according to the U.S. Department of Energy (DOE).

Mexico’s first independent oil and gas company since energy reforms were instituted four years ago began trading Friday following a successful public offering for $650 million.

Production from Mexico’s leading principal natural gas basins — Burgos, Sabinas, Burro-Picachos and Veracruz — is at a 15-year low, the National Hydrocarbons Commission (CNH) reported this week.

Spain’s Gas Natural Fenosa (GNF) has kicked off the constructionof a natural gas distribution system in the municipality ofCajeme, as part of a plan to expand its network in northwesternMexico.

The number of active offshore exploration rigs in Mexico reached a 10-year high in June, but the upstream sector may be only just beginning to see the effects of the energy reforms.

BP plc has brought online a “highly productive” natural gas well in the Mancos Shale of New Mexico, with early production rates said to be the highest achieved in the San Juan Basin in 14 years.

Sempra Energy’s Mexican subsidiary saw profits increase by one-third in 2Q2017 from a year ago, due in large part to the acquisition and start of natural gas pipeline operations.

North America’s oil and gas business improved for Baker Hughes Inc. in the quarter preceding its merger with General Electric’s oil and gas unit, carried by a strong showing in the Lower 48 and the Gulf of Mexico, the company said Friday.

Production of crude and natural gas by Mexico’s state-owned Petroleos Mexicanos (Pemex) slipped in the second quarter, but at a slower rate, the company said Thursday.