Mexico

Mexico’s oil production fell to 1.64 million b/d in May compared to 1.66 million b/d in the year-ago period, according to new data provided by the country’s upstream watchdog Comisión Nacional de Hidrocarburos (CNH). Gas production in May was 3.61 Bcf/d, down from 3.82 Bcf/d last May. The figures are the first to reflect committed…

Mexico’s oil production fell to 1.64 million b/d in May compared to 1.66 million b/d in the year-ago period, according to new data provided by the country’s upstream watchdog Comisión Nacional de Hidrocarburos (CNH). Gas production in May was 3.61 Bcf/d, down from 3.82 Bcf/d last May. The figures are the first to reflect committed…

 Mexico’s Comisión Federal de Competencia Económica (COFECE), the federal economic competition commission, has asked the country’s Supreme Court to intervene on constitutional grounds against new power sector rules imposed by energy ministry Sener. The rules, published through an order in the official gazette on May 15, seek to limit the entry of renewable energy projects…

Forecasts for more heat outshined persistently weak demand for liquefied natural gas Beyond the brightening weather picture, however, new catalysts for gas prices remained elusive Spot gas prices climbed across much of the Lower 48, with California a notable  After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the…

Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico and connect to the planned Permian Basin-to-Gulf Coast Whistler pipeline.

New infrastructure and capacity releases in Mexico could help stabilize Permian Basin natural gas prices, according to NGI’s Patrick Rau, director of strategy and research.

U.S. exploration and production (E&P) companies arecuttingcapital expenditure (capex) by 35-40% from 2019 as oil prices continue to get hammered and demand is destroyed by the coronavirus pandemic, but spending reductions could be even harsher south of the U.S. border.

Mexico’s IPGN monthly natural gas price index averaged $3.15/MMBtu in November, down from $4.60/MMBtu during the same month a year ago.

Mexico’s President Andrés Manuel López Obrador was cheered in recent days by the news of the Quesqui discovery in his home state of Tabasco, described by state oil company Petróleos Mexicanos (Pemex) as “gigantic” and the company’s largest since 1987.