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Pemex Ordered to Produce More For Less in 2018

Pemex Ordered to Produce More For Less in 2018

As Mexico’s energy deregulation continues to ramp-up, state-owned Petroleos Mexicanos (Pemex) is being asked by the Mexican government to produce more crude in 2018 while reducing its spending.

September 18, 2017

Mexican NatGas Shippers Sit Out Latest Auction for CFE’s Cross-Border Pipelines

No Mexican shippers submitted bids at a small auction held Sunday to release capacity on the NET Mexico pipeline, which carries gas from the Agua Dulce hub in South Texas to the Texas border town Rio Grande City.

September 12, 2017

NAFTA Talks Called Opportunity to ‘Lock In’ Mexican Energy Reforms, U.S. Gas Trade

The North American Free Trade Agreement (NAFTA) renegotiations are an opportunity to update the 1994 treaty so that it reflects changes in Mexico’s oil and natural gas sector and deepened ties to Canada and U.S. energy markets, according to analysts.

September 11, 2017

BP, Bridas JV to Pursue LatAm Oil, NatGas Targets

BP plc and Bridas Corp. agreed Monday to create Argentina’s largest privately owned integrated oil and gas company, designed to not only explore emerging Vaca Muerta shale targets, but also to pursue developments in Mexico, Paraguay and Uruguay.

September 11, 2017

CFEnergia Signs On to Supply NatGas to Iberdrola Mexico Power Plant

CFEnergia has signed a 24-year contract to supply natural gas to an 866 MW power plant of Spain’s Iberdrola now under construction in northern Mexico. The CFE said the contract is valued at some $4 billion.

September 8, 2017

Mexico Earthquake Said to Spare Natural Gas, Oil Infrastructure

The strongest earthquake in Mexico in more than a century, which struck near midnight on Thursday, initially appears to have spared the natural gas and oil industry.

September 8, 2017

Mexican Presidential Frontrunner Pledges to Review Oil, NatGas Contracts

Mexican presidential candidate Andres Manuel Lopez Obrador said Tuesday that, if elected, he would seek to review exploration and production (E&P) contracts signed after the country’s 2013 energy reforms.

September 6, 2017

Cenagas Lifts NatGas State of Alert as Harvey’s Impact on Imports Wanes

Cenagas, the Mexican natural gas control center, on Wednesday lifted a state of alert imposed on the Sistrangas natural gas storage and transportation system imposed by Harvey’s impact on U.S. imports.

September 1, 2017

Mexico’s CFE Lands $240M NatGas Supply Deal with ArcelorMittal

The fuel marketing unit of Mexican state power company CFE signed a $240 million natural gas supply contract with steelmaker ArcelorMittal, the former said in release on Monday.

August 30, 2017
Harvey Saps Estimated 1 Bcf/d from U.S. Exports to Mexico

Harvey Saps Estimated 1 Bcf/d from U.S. Exports to Mexico

Tropical Storm Harvey as of Monday had curtailed about 1 Bcf/d from U.S. natural gas exports to Mexico, according to Genscape Inc.

August 29, 2017