NGI Mexico GPI

Mexico Launches Second Deepwater Oil, NatGas Farmout in Perdido Fold Belt

Mexico Launches Second Deepwater Oil, NatGas Farmout in Perdido Fold Belt

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.

September 19, 2017
BP Ramps Up NatGas Service to Eight Mexico States

BP Ramps Up NatGas Service to Eight Mexico States

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.

September 19, 2017
Pemex Expected to Increase Oil Production on a Tighter Budget in 2018

Pemex Expected to Increase Oil Production on a Tighter Budget 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
World’s NatGas Producers to Boost Supply by 42% to 2040, Says EIA

World’s NatGas Producers to Boost Supply by 42% to 2040, Says EIA

With rising consumption and abundant natural gas resources unearthed in North America and around the world, the outlook appears solid to 2040, a U.S. Energy Information Administration (EIA) official said Thursday.

September 15, 2017
Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Worldwide natural gas consumption is projected to increase to 177 Tcf in 2040 from 124 Tcf in 2015 and account for the largest increase in fossil fuel consumption, but renewable energy resources are picking up the pace, the U.S. Energy Information Administration (EIA) said Thursday.

September 14, 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

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 Inks $4B NatGas Supply Deal to Serve 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