energy-featured

Bloomberg - Mexico, the third-largest supplier of oil to the U.S., has locked in prices for 2012 oil exports at $85 a barrel. The nation normally hedges oil exports to cover a possible revenue shortfall if prices fall.

www.bloomberg.com/news/2012-01-31/mexico-hedged-2012-oil-at-85-a-barrel-finance-ministry-says.html

Latin American Herald Tribune - An “active petroleum system” has been found off the coast of the Mexican Gulf state of Veracruz, but it is not yet known how much oil is in the field, Petroleos Mexicanos (Pemex) said.

www.laht.com/article.asp

Renewable Energy World - A modification to Mexico's renewable energy law will broaden the country's definition of "renewable" to include larger hydroelectric plants. Hydroelectric power currently accounts for 12.8 percent of Mexico's total production.

www.renewableenergyworld.com/rea/news/article/2012/01/mexico-revises-environmental-law-to-include-some-large-hydro-plants

Dow Jones - Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Wednesday that it will narrow its pricing premium for February shipments of heavy Maya crude oil to the U.S. to $1.60 a barrel from $3.50 per barrel in January.

online.wsj.com/article/BT-CO-20120111-713954.html

Associated Press - Mexico’s Environment Department says a spill of 1,500 barrels of oil from a pipeline near the Gulf coast has been brought under control, and about 40 percent of the oil along a 5-mile stretch of the Coatzacoalcos river has been recovered.

www.washingtonpost.com/world/americas/mexico-says-it-has-controlled-spill-of-1500-barrels-of-oil-along-river-leading-to-gulf/2012/01/09/gIQAQpp3mP_story.html

Dow Jones - Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Monday it spent about 330 million pesos ($24 million) to compensate victims and on clean-up projects after a pipeline blast one year ago that the firm blamed on fuel thieves.

online.wsj.com/article/BT-CO-20111219-711843.html

Dow Jones - Mexican state-owned oil company Petroleos Mexicanos, or Pemex, said its crude-oil production edged up in early December to 2.569 million barrels a day on average from 2.542 million barrels a day for full-month November.

online.wsj.com/article/BT-CO-20111213-712600.html

HydroWorld.com - Russian companies are ready to take part in a tender to build the La Parota hydropower plant in Mexico, Galina Kurochkina, a department director at the Russian Economic Development Ministry, said late Monday.

www.hydroworld.com/index/display/news_display.1561441679.html

IPS - Mexico is getting ready to intensify exploration for shale gas. The state oil company, Petróleos Mexicanos (Pemex), is planning to sink wells into 175 shale gas reserves between 2011 and 2015, on a budget of $700 million a year.

www.ipsnews.net/news.asp

Reuters - Spanish engineering and renewable energy conglomerate Abengoa said on Monday it has won a contract from the Mexican state to build a 640 megawatt gas-fired combined-cycle power plant in Centro Morelos in central Mexico for $440 million.
af.reuters.com/article/energyOilNews/idAFL5E7N521O20111205