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Mexico
Market Analysis
Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with t…
Crude Oil
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Mexico
Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions
Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.
Oil&Gas Drilling
Trump Administration Looks at Allowing Longer Extensions to Remote Offshore Wells
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthe…
Solar Power Plant
CFE in Mexico Will Build up to 350 MW in Solar PV at Cerro Prieto Geothermal Plant
The state-owned utility of Mexico, Comisión Federal de Electricidad (CFE) confirmed its plans for a large-scale solar PV plant to be built at the Cerro Prieto …
Energy Transition
Mexico is Among the Countries Where Solar and Wind Energy Energy are more Cheaper
The Inter-American Development Bank and the International Labor Organization reported that the transition to a less carbonized economy would generate 2.1 millio…
Nuclear Power Plant
Mexico's Laguna Verde Plant Relicensed for 30 Years
Mexico's Ministry of Energy has authorised the renewal of the operating licence for unit 1 of the Laguna Verde nuclear power plant for an additional 30 years to…
Crude Oil
Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …
Oil & Gas Trade
US Refiners Ramp Up Crude Imports from Mexico to 8-Year High
US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country…
Crude Oil
US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA
US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.
Mexico Power Reliability Proposal Challenges Renewable Sources
Mexico’s energy ministry is seeking to prioritize state-run utilities over new entrants to support supply stability.
Solar Power Plant
Neoen’s 375-MWp PV Farm hit by Mexico's Tests Suspension
On May 3, when CENACE’s decision came into effect, El Llano had to halt production.
Oil&Gas Drilling
PTTEP Makes New Oil Discovery Offshore Mexico
PTTEP and its joint venture partners made two successful deep-water oil discoveries in Block 29, offshore Mexico, with good quality reservoirs. Commercial poten…
Oil Price
5 Reasons Why Mexico's Oil Industry Is Destined For Disaster
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020.
Oil & Gas Trade
Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout
Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.
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