Mexico

Mexican regulator Comision Reguladora de Energia (CRE) suspended reporting requirements for energy market participants for the rest of week, as a result ofthe earthquake that hit central Mexico on Tuesday afternoon.

Exactly 32 years after a massive earthquake took 10,000 lives in Mexico City, yet another fierce tremor hit the center of the nation on Tuesday, killing more than 200 people but having little effect on energy infrastructure outside of power outages.

BP plc, North America’s largest natural gas supplier, is now delivering 200,000 MMBtu/d to Mexico industrial users, local distribution companies (LDC) and independent producers in eight states.

Mexico’s National Hydrocarbons Commission (CNH) has announced the start of the second deepwater farmout auction since energy reforms allowed the country’s national oil company to form partnerships with private and foreign players.

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.

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.

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.

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.

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.