Reuters - Mexican state oil giant Pemex said its distribution system had not been hit by last month's minor explosion at a gas facility, denying market talks that a major incident had led to a spike in liquefied petroleum gas prices.
WPC - In one of the biggest industrial real estate ventures in North American in decades, Calgary-based TransCanada Corp. plans to begin a series of natural gas pipeline projects in Mexico in early 2013. The estimated total cost is $1.4 billion.
Globe and Mail - Right off the bat, Mexico’s new president is cooling hopes for energy reform. The pact that Enrique Pena Nieto signed with the three main Mexican political parties limits liberalization of the energy business.
Oilprice.com - These are good times for Mexico, with a potential 1 billion barrel crude discovery this week in Tabasco state, on the heels of two major deep-water discoveries of an estimated 26.5 billion barrels in the Gulf of Mexico.
Reuters - Mexican state-owned oil company Pemex issued 25 billion pesos ($1.9 billion) in local debt, its first local issue this year. The issue included three parts, with maturities varying from 5 to 15-1/2 years, the company said.
EFE - State-owned oil giant Petroleos Mexicanos, or Pemex, said it found reserves of up to 500 million barrels of crude in southern Mexico, a discovery that President Felipe Calderon hailed as the "biggest find" of petroleum on land in the past decade.
Financial Post - El Paso Natural Gas, owned by Kinder Morgan Energy Partners and Kinder Morgan, has entered into a 25-year transportation precedent agreement in connection with plans to build a new pipeline to serve customers in Mexico.
IPS - Residents of small towns Temacapulín, Acasico and Palmarejo in Jalisco have condemned the Mexican government and demanded cancellation of El Zapotillo hydoelectric dam complex nearby.
Reuters - Mexico's incoming government will send a wide-reaching energy reform bill to Congress in the first half of 2013, but it is braced for the prospect of accepting a watered-down version that would likely deter investment by oil majors.
Reuters - Mexican state oil monopoly Pemex will need roughly $10 billion in financing for 2013, similar to the amount required this year, the company's finance director Ignacio Quesada said on Wednesday.