NGI Mexico GPI

Pemex Betting on Priority Fields as Oil, Gas Production Barely Budges in 3Q

Pemex Betting on Priority Fields as Oil, Gas Production Barely Budges in 3Q

Management at Mexico’s Petróleos Mexicanos (Pemex) thinks its strategy to focus on 20 new priority fields is starting to pay dividends, with 123,000 b/d of new production added from 15 producing areas by the end of September. Thirteen wells were drilled at the priority fields during the third quarter, and the company will complete and…

October 28, 2020
Flat Natural Gas Futures Prices Not Reflective of Supply/Demand Balances Ahead of Expiration

Flat Natural Gas Futures Prices Not Reflective of Supply/Demand Balances Ahead of Expiration

Speculative trading front and center in natural gas futures trading Supply falls further ahead of Zeta Cash mixed as pipeline maintenance shuffles gas flows Natural gas futures soared to a nearly two-year high for the second time this week, but the price spike had little to do with supply or demand. Instead, analysts said options…

October 28, 2020
ECA LNG Considers Moving Forward Amid Growing Momentum for Mexico Export Projects

ECA LNG Considers Moving Forward Amid Growing Momentum for Mexico Export Projects

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California has yet to receive an export approval from the Mexican government despite a new push to support the exports but sanctioning could happen later this year, Infraestructura Energética Nova (IEnova) executives said last Thursday. The proposed two-phase liquefied natural gas (LNG) project,…

October 27, 2020
Colder Forecast, New High in LNG Demand Fuel Rally for Natural Gas Futures, Cash

Colder Forecast, New High in LNG Demand Fuel Rally for Natural Gas Futures, Cash

LNG feed gas deliveries breach 9 Bcf Weather models turn colder for 15-day outlook Henry Hub cash above $3.00 Natural gas futures moved back above $3.00/MMBtu Monday as export demand reached fresh highs and weather models added back some previously lost demand for the 15-day period. With expiration looming later this week, the November Nymex…

October 27, 2020
AMLO Mulling Rollback of ‘Neoliberal’ Energy Policies as U.S. Legislators Sound Alarm

AMLO Mulling Rollback of ‘Neoliberal’ Energy Policies as U.S. Legislators Sound Alarm

Mexico president Andrés Manuel López Obrador said Monday he is considering amending the constitution to rein in the “neoliberal” 2013-2014 constitutional energy reform of his predecessor, Enrique Peña Nieto. During his daily morning press briefing, López Obrador said a possible counter-reform would reaffirm the state’s predominance in the energy sector, and put a stop to…

October 26, 2020
Natural Gas Futures Back Below $3 as Warmer Weather on Tap for Early November

Natural Gas Futures Back Below $3 as Warmer Weather on Tap for Early November

Warmer weather seen through mid-November sends natural gas futures lower LNG demand still strong Waha plunges into negative territory despite end of pipeline work Lower natural gas production and stronger export demand may keep bulls in the driver’s seat in the weeks and months ahead, but Mother Nature refused to sit back and not have…

October 26, 2020
Expert Says Mexico Energy Industry Remains Attractive Long-Term

Expert Says Mexico Energy Industry Remains Attractive Long-Term

Mexico remains a great bet for long-term energy investment due to its highly strategic geopolitical position, according to Adriana Citlali Sánchez, a seasoned expert in fiscal planning and taxation in the Mexican energy industry, with more than 17 years of experience with major national and international companies. “We must not forget that the current government…

October 23, 2020
Natural Gas Futures Retreat as Traders Await Cooler Weather; Cash Mostly Higher

Natural Gas Futures Retreat as Traders Await Cooler Weather; Cash Mostly Higher

Supportive EIA data not enough to sway natural gas futures Weather forecasts continue to flip-flop, lowering confidence Cash still strong in most of U.S.; East markets slip After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents…

October 23, 2020
Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing

Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing

U.S. natural gas exports to Mexico, most of which cross the border via pipeline, have continued to increase in 2020, according to the U.S. Energy Information Agency (EIA). Mexico imports of liquefied natural gas (LNG), meanwhile, have declined every month since March, according to EIA, as pipeline infrastructure comes online offering cheaper alternatives. In early…

October 22, 2020
Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

BREAKING: U.S. EIA reports a 49 Bcf injection into natural gas storage inventories for the week ending Oct. 16, confirming an increasingly tight supply/demand natural gas balance November natural gas climbs 11 cents as LNG demand surpasses 8 Bcf Natural gas traders may have had the theme of 1980s sitcom “Three’s Company” playing in their…

October 22, 2020
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