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From Breakbulk.com / By Kerry Dimmer “For more than 80 years, the state-owned Petróleos Mexicanos, or PEMEX, hegemony on the energy sector restricted Mexico’s ability to adapt to changing global energy markets.” “The impacts have been profound. One of the most significant changes saw the country’s oil and gas production decline, which in turn increased […]
From The Oil and Gas Year / MEXICO CITY, August 30, 2017 “Several service stations operated by various international companies began operations in Mexico, international media reported on Tuesday.” “US fuel marketer and refiner Andeavor, formerly Tesoro, opened its first Arco brand station in the country yesterday. Located in Tijuana, the store is the first […]
From Reuters / SEPTEMBER 2, 2017 / 3:45 PM / Anthony Esposito, Frank Jack Daniel “MEXICO CITY (Reuters) – U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico’s chief negotiator said on Saturday.” “The 2014 reforms […]
From Bloomberg / By Amy Stillman and Adam Williams / 25 de agosto de 2017 13:40 GMT-5 “Mexico’s lucky escape from Hurricane Harvey could still mean higher fuel costs and shortages ahead for the no. 1 of U.S. gasoline.” “While the storm passed relatively harmlessly over Mexico’s Yucatan Peninsula, it strengthened to a Category 4 hurricane before making […]
From Bizjournals / By Sergio Chapa / Aug 24, 2017, 8:10am CDT Updated Aug 24, 2017, 2:36pm CDT “Three gas stations in Tijuana have been selected to be the first in Mexico to sell gasoline and diesel made by San Antonio-based refining company Andeavor Corp.” “Last month, Andeavor (NYSE: ANDV) announced that it had landed a […]
From Nasdaq.com / August 18, 2017, 09:04:03 AM EDT By ETFChannel.com, BNK Invest “BP p.l.c. (Symbol: BP) has been named as a Top 25 ”Dividend Giant” by ETF Channel , with a whopping $14.39B worth of stock held by ETFs, and above-average ”DividendRank” statistics including a strong 7.04% yield, according to the most recent Dividend […]
From Business Insider / Bate Felix and Jacob Gronholt-Pedersen, Reuters “Total is buying Maersk’s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow.” “For Danish company A.P. Moller Maersk, the sale of Maersk Oil, with […]
From Oil Price / By Tsvetana Paraskova – Aug 14, 2017, 10:30 AM CDT “U.S. energy sales account for more than 50 percent of Mexico’s current energy imports as Mexican energy reforms open the market and as the country is switching to natural gas-fired electricity production, the Washington Examiner reported on Monday, citing an S&P Global […]
From Reuters / By Noe Torres and Marianna Parraga / August 8, 2017. “Mexico’s mining and infrastructure firm Grupo Mexico expects to expand its oil-by-rail business by building at least three terminals in Mexico, including one exclusively for U.S. refiner Valero Energy, its chief financial officer told Reuters on Tuesday.” “Grupo Mexico has been in talks […]
Offshore Magazine / Houston, 08/11/2017 / Bruce Beaubouef “The development of Mexico’s offshore oil and gas resources is continuing to ramp up, buoyed by the country’s energy reforms, and despite the prolonged market downturn.” “Several promising new finds have been made in Mexico’s shallow-water regions. In mid-July, Eni announced that its Amoca-3 well in Campeche […]
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