Energy
Vestas wins pact for Sempra's Baja wind farm
Bloomberg - Vestas Wind Systems, a the wind-turbine maker, won a 155-megawatt order from Infraestructura Energetica Nova, the Mexican unit of U.S. natural-gas utility Sempra Energy. They’ll be installed at the Sierra Juarez wind power plant in Baja California.
www.bloomberg.com/news/2013-05-23/vestas-wins-155-mw-turbine-order-from-ienova-in-mexico.html
Pemex to boost Salinas Cruz capacity by 9%
Reuters - Pemex will boost capacity at its biggest refinery, Salinas Cruz, by around 9 percent or 30,000 barrels per day (bdp) once a $4 billion expansion is completed in 3-4 years, Miguel Tame, the head of its refining arm said.
www.reuters.com/article/2013/05/22/us-latam-summit-pemex-refining-idUSBRE94L1BH20130522
Pemex delays prompt lower outlook for suppliers
Market Watch - Pemex has delayed significant exploration and development in its northern Mexico’s oil and gas fields, said analsts at Barclays, a move likely to hit oilfield services companies Halliburton and Schlumberger.
Barclays says U.S. gas exports to Mexico will accelerate
Oil & Gas Journal - As the US debates exporting more natural gas from new liquefaction along the East and Gulf coasts, gas exports to Mexico in the past 3 years have doubled. Natural gas production in Mexico has declined 11 percent, says a Barclays report.
www.ogj.com/articles/2013/05/barclays--us-gas-exports-to-mexico-will-accelerate.html
U.S. imports more oil than drugs from Mexico
Motley Fool - Last year, the energy trade between the U.S. and Mexico topped $65 billion. That trade represented 11.4 percent of U.S. total oil imports. The oil trade is much larger than the drug trade.
www.fool.com/investing/general/2013/05/19/the-us-imports-300-more-oil-than-drugs-from-mexico.aspx
Pemex makes third deep-water discovery
Bloomberg - Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico. Volumes still are being assessed and no estimate was given.
Rising gas use in power sector drives consumption
Gas to Power Journal - A leading driver behind Mexico's rising natural gas consumption in recent years has been the substantial rise in the use of gas in the power sector, country analysis undertaken by the US Energy Information Administration (EIA) finds.
CFE buys 18 LNG cargoes for Manzanillo facility
Bloomberg - Comision Federal de Electricidad, Mexico’s state utility, will buy 18 spot cargoes of liquefied natural gas cargoes for delivery over the next 18 months from Trafigura. The utility paid an average price of $15.84 per million btu for the cargoes.
www.bloomberg.com/news/2013-05-14/mexico-s-cfe-buys-18-lng-cargoes-from-trafigura-through-2014.html
Mexicans bringing first class-action against BP
IPS - A group of Mexican citizens are preparing the first civil lawsuit in the Mexican courts against British oil company BP for the 2010 Gulf of Mexico oil spill. The plaintiffs are bringing the class action under a 2011 reform of the Mexican constitution.
www.iede.co.uk/news/2013_1841/first-class-action-lawsuit-against-bp-mexico
Mexico is 3rd largest exporter of energy goods to U.S.
FuelFix - The United States continues to be Mexico’s main trading partner for energy products - more than $65 billion in energy trade in 2012 and 13 percent of overall trade between the two countries. Mexico is the third-largest exporter of crude oil to the U.S.
fuelfix.com/blog/2013/05/13/mexico-third-largest-exporter-of-oil-to-united-states/
