Mexico

After a down period in the Mexico oil and gas industry, exacerbated by the Covid-19 pandemic, there’s a renewed push for exploration and drilling activity given the elevated hydrocarbon price environment, Marco Cota, CEO and founder of Talanza Energy, told NGI’s Mexico GPI. “We’re seeing a lot of drilling plans for this year and next…

Executives at Mexico’s national oil company Petróleos Mexicanos (Pemex) said in an earnings call Monday that work toward improving natural gas use and lowering emissions is starting to pay off. Pemex reported a 42% improvement in natural gas capture in the first quarter. The company was able to use 91.6% of gas produced, flaring off…

Mexico’s state utility Comisión Federal de Electricidad (CFE) has launched a tender for natural gas transport infrastructure in Baja California state. CFE is looking for the line to start at either the Sásabe-Guaymas pipeline in Caborca, Sonora or at the SoCal-Ehrenberg interconnection on the El Paso Natural Gas pipeline in Ehrenberg, Arizona. From there, the…

Potential future open seasons on Mexico’s Sistrangas national pipeline system could be designed to benefit the nation’s state-run energy companies Comisión Federal de Electricidad (CFE) and Petróleos Mexicanos (Pemex), according to energy and regulatory lawyer Paulina Doen. “At the same time, given that both CFE and Pemex use the Sistrangas system, the open seasons could…

North American natural gas prices displayed extreme volatility this week amid a continued lack of clarity over where U.S. production is headed. After breaking through the $8.00/MMBtu mark on Monday, the May Nymex gas futures contract settled Wednesday at $6.937/MMBtu, down 23.9 cents from Tuesday’s close. June futures slid 21.2 cents to $7.065. The market…

A constitutional overhaul of Mexico’s electric power sector failed to garner the supermajority of votes needed to pass the lower house on Sunday. The proposal advocated by President Andrés Manuel López Obrador sought to consolidate the market power of state-owned Comisión Federal de Electricidad (CFE). Prominent business groups praised legislators for halting the proposal, which…

North American natural gas futures prices barreled through the $6.00/MMBtu ceiling this week as supply worries and soaring global natural gas demand combined to tighten the market. After significant gains on Monday and Tuesday, the May New York Mercantile Exchange futures contract settled at $6.029 on Wednesday, off three-tenths of a cent from Tuesday’s close.…

The Biden administration plans to seek recourse under the United States-Mexico-Canada Agreement (USMCA) if concerns over Mexico’s energy policies are not resolved, according to U.S. Trade Representative Katherine Tai. “At the heart of the USMCA are core obligations with respect to trade and investment, including with respect to nondiscriminatory treatment,” Tai wrote in a letter…

Two liquefied natural gas (LNG) export projects planned for Mexico’s Pacific Coast have reached significant milestones in recent days.  The projects comprise Sempra Infrastructure’s Vista Pacífico LNG terminal planned for Topolobampo, Sinaloa, and Mexico Pacific Ltd.’s (MPL) liquefaction project envisioned for Puerto Libertad, Sonora.  Sempra Infrastructure and TotalEnergies SE are expanding their “strategic alliance” in…