Mexico

Canadian natural gas exports to the United States shrank last year to their smallest volume since 1995 as rival American shale supplies grew, according to trade records kept by the U.S. Department of Energy.

Mexico sits atop an estimated 545 Tcf of shale natural gas reserves, and additional trillions of cubic feet of conventional reserves. However, pipeline imports of U.S. natural gas have continued to climb in recent years. The country is on the cusp of reserves and infrastructure development that could change that, according to a new report.

Mexico sits atop an estimated 545 Tcf of shale natural gas reserves, and additional trillions of cubic feet of conventional reserves. However, pipeline imports of U.S. natural gas have continued to climb in recent years. The country is on the cusp of reserves and infrastructure development that could change that, according to a new report.

The Mexican government has given its approval for 19 prequalified companies — including subsidiaries of Chevron Corp., ExxonMobil Corp., Hess Corp. and Marathon Oil Corp. — plus seven consortia to bid on 14 offshore exploratory blocks in the shallow Gulf of Mexico (GOM).

The Mexican government has given its approval for 19 prequalified companies — including subsidiaries of Chevron Corp., ExxonMobil Corp., Hess Corp. and Marathon Oil Corp. — plus seven consortia to bid on 14 offshore exploratory blocks in the shallow Gulf of Mexico (GOM).

The Mexican government says dozens of companies are interested in signing contracts to explore…

The Mexican government says dozens of companies are interested in signing contracts to explore and extract oil and gas in the shallow waters of the Gulf of Mexico (GOM), but it has not yet set timelines for similar contracts in its shale formations, the deepwater GOM and onshore conventional drilling.

Private equity players BlackRock and First Reserve have agreed to take a 45% stake in the phase two segments of Petroleos Mexicanos (Pemex) Los Ramones Pipeline Project. The pipelines to carry U.S. gas to Mexico would be the first major midstream assets built with foreign capital since the recent reform of Mexico’s energy sector, the partners said.

A new pattern is developing in the natural gas trade across North America, with shale supplies from the United States marching into both Canada and Mexico to an emerging seasonal rhythm.