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Natural Gas Futures Pare Losses Early as Forecasts Show Heat Returning Before Mid-August

Natural Gas Futures Pare Losses Early as Forecasts Show Heat Returning Before Mid-August

Bolstered by a toasty temperature outlook for the second week of August, natural gas futures shrugged off cooler trends for next week to pare their recent losses in early trading Tuesday. After selling off 7.4 cents in the previous session, the August Nymex contract was up 4.1 cents to $1.775/MMBtu at around 8:40 a.m. ET.…

July 28, 2020
BlackRock Manager Says Mexico’s Long-Term Fundamentals Remain Strong Despite Current Turmoil

BlackRock Manager Says Mexico’s Long-Term Fundamentals Remain Strong Despite Current Turmoil

Despite multiple headwinds currently facing Mexico, the long-term fundamentals underpinning the economy remain strong, according to BlackRock Inc.’s Juan Alberto Leautaud, head of Mexico Infrastructure Investment. As an infrastructure investor for the world’s largest asset manager, “I tend to think about the long-term…fundamentals of investments and assets, and in this case, a country,” Leautaud said…

July 27, 2020
Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

A strengthened outlook for natural gas pricing in 2021 has made the development of natural gas fields in Mexico a more attractive proposition, according to Juan Carlos Zepeda, former head of upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH). In a podcast interview with NGI, Zepeda highlighted the central and growing role of…

July 13, 2020
Mexico’s Energy Ministry Gives Talos, Pemex 120 Days to Hammer Out Details on Offshore Zama Field

Mexico’s Energy Ministry Gives Talos, Pemex 120 Days to Hammer Out Details on Offshore Zama Field

Mexico’s Energy Ministry (Sener) has ordered the unification of the Zama discovery offshore Mexico and has given Houston-based exploration and production company Talos Energy Inc. and Mexican state company Petróleos Mexicanos (Pemex) 120 days to come up with terms of how to carry out joint development of the field. In May, Mexico upstream regulator Comisión…

July 9, 2020
As OPEC Cuts Take Force, Mexico Oil Production Falls in May

As OPEC Cuts Take Force, Mexico Oil Production Falls in May

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…

July 1, 2020
Mexican Oil, Natural Gas Production Down in May as OPEC Cuts Take Force

Mexican Oil, Natural Gas Production Down in May as OPEC Cuts Take Force

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…

June 29, 2020
Mexico Competition Watchdog Seeks Supreme Court Intervention Against New Power Sector Rules

Mexico Competition Watchdog Seeks Supreme Court Intervention Against New Power Sector Rules

 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…

June 22, 2020
Improved Mid-Range Heat Forecast Sends Natural Gas Futures Higher

Improved Mid-Range Heat Forecast Sends Natural Gas Futures Higher

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…

June 22, 2020
Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing

Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing

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.

June 19, 2020
Advances in Mexico Natural Gas Market Seen Stabilizing Waha Prices

Advances in Mexico Natural Gas Market Seen Stabilizing Waha Prices

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.

June 12, 2020