Mexico

Natural gas futures pulled back in early trading Monday as the market began to take stock of the damage caused by Hurricane Ida, which made landfall along the Louisiana coast over the weekend to devastating effect. At A Glance: Ida knocks off GOM production Storage trajectory worrisome Lingering heat fuels cash This was after natural…

Fieldwood Energy LLC expects to be producing 30,000 b/d of light oil at two offshore Mexico fields by the end of the year, Andrés Brügmann, Mexico country manager, told NGI’s Mexico GPI.  “The Pokoch and Ichalkil platforms should start producing in September…in the future we expect the project to reach 100,000 b/d and be one of the…

September natural gas futures rocketed higher Thursday, buoyed by a shockingly tight government storage print and a rebound in liquefied natural gas (LNG) demand. The prompt month hit a $4.193/MMBtu intraday higher and went on to settle at $4.184, up 28.7 cents from Wednesday’s close. The October contract jumped 28.6 cents to $4.211. At A…

Following through on the previous session’s prodigious rally and then some, natural gas futures soared early Friday as traders contemplated tight balances and a potential major Gulf Coast hurricane. The expiring September Nymex contract was up 18.0 cents to $4.364/MMBtu at around 8:45 a.m. ET. October was up 17.2 cents to $4.383. At 8 a.m.…

Natural gas futures on Wednesday soared more than 10 cents early, then retreated into negative territory before flattening out and edging back up at the close of trading. The roller coaster action developed amid a decline in production and estimates for a relatively light storage increase, as well as an evolving weather picture and the…

Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…

Natural gas futures slipped several notches Tuesday as export demand weakened a bit and the latest data showed more seasonal weather ahead. The September Nymex contract settled 4.9 cents lower day/day at $3.896. October slipped 4.4 cents to $3.916. At A Glance: Temperatures seen easing next week LNG feed gas slides Heat sends cash higher…

Despite day/day production declines, natural gas futures were virtually unchanged early Wednesday as analysts highlighted risks to exports in the latest tropical weather outlook. After trading lower earlier in the morning, the September Nymex contract was up 0.3 cents to $3.919/MMBtu as of around 8:50 a.m. ET. The tropical weather outlook suggests risks to liquefied…

Mexico’s natural gas market needs storage capacity and foresees steady growth in consumption over the coming years, according to the latest Consulta Pública, or public consultation, conducted by Sistrangas national pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas). Cenagas engages each year with market participants to gauge their current and future gas…