President answers Cuaron's Pemex questions

LAT - President Enrique Pena Nieto has answered - in detail and publicly - Oscar-winning director Alfonso Cuaron’s challenge to  answer 10 questions about how the government plans to open up Pemex to foreign investment and where the profits would go.,0,7702296.story#axzz30U0yTInW

Lat Am's largest solar plant goes on line in Baja Sur

EFE - Latin America's largest solar power plant, a facility with 39 MW of generating capacity, has gone online in the state of Baja California Sur. The Aura Solar I photovoltaic power plant will supply electricity to La Paz.

Chinese energy firm CNPC plans to bid in energy opening

Reuters - China's largest energy company CNPC will compete for future oil and gas development rights in Mexico, a top company executive said on Thursday, which could happen as soon as the end of this year.

Mexico might trim Pemex's oil field wish list

Reuters - Mexico's energy ministry aims to find a middle ground between strengthening state-run oil company Pemex and ensuring major opportunities for new private producers under a landmark energy overhaul, a top government official said Wednesday.

Mexico expects billions from energy reform

Fuel Fix - The opening of Mexico’s energy market could bring in as much as $35 billion in outside investment  for the country’s oil and gas plays, a Mexican oil executive said, boosting capital from $25 billion to $60 billion.

Pemex plans to invest $27.7 billion in 2014


Oil & Gas - Mexico's state-owned oil firm Petroleos Mexicanos, or Pemex, is planning to invest $27.7 billion in 2014, the most in its history and the vast majority of which will go toward crude oil exploration and production.

Pemex lowers asset value, losses widen

Reuters - Mexican state-owned oil company Pemex said its losses for the fourth-quarter more than doubled from a year ago after it lowered the value of assets including its Burgos gas field.

Fitch: Energy reform good for Mexico, not for CFE

Reuters - Mexico's energy reform is a long-term positive for the country and Petroleos Mexicano's (Pemex) credit quality, while Comision Federal de Electricidad (CFE) faces margin pressures, according to a new Fitch Ratings report.

Firms await details of Mexico's energy reform

Oil & Gas Journal - International oil and gas companies keenly await more details as Mexico's Congress drafts and debates secondary laws to implement its recently passed energy reforms. Opinions vary on whether Mexico can meet the deadlines it scheduled.

Iran courts Mexico in Davos as energy partner

Fox News Latino - Iranian President Hassan Rouhani has made a concerted effort to reach out to Western powers during his trip to the World Economic Forum this week, highlighting the Islamic Republic’s need for greater energy ties with Latin America.

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