Energy

Energy

Pemex to spend $6 billion to maintain Cantarell output

Reuters - Mexico's state-run oil company Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official said on Tuesday.

http://www.reuters.com/article/2014/07/02/mexico-pemex-idUSL2N0PC2PK20140702

Mitsui aims to tap Mexico's oil and gas

WSJ - One of Japan's biggest energy investors has its eye on Mexico's oil and natural gas assets, which the country moved to make accessible to foreign firms for the first time in more than 75 years late last year.

http://online.wsj.com/articles/mitsui-aims-to-tap-mexicos-oil-and-gas-1403866414?mod=asia_home

Could cartel violence end Mexico's shale dream?

OilPrice.com - Violence in Mexico could thwart hopes of a budding shale boom. The obstacles to kick-starting Mexico’s shale industry have dampened the once lively enthusiasm surrounding Mexico’s historic energy reform. 

http://oilprice.com/Energy/Energy-General/Gang-Violence-Slowing-Progress-On-Mexican-Shale.html

Energy reform also focuses on alternative fuels

The Energy Collective - While most industry observers focus their attention on the oil sector,  a look at the key elements of Mexico’s energy reform also unearths the promotion of sustainability and environmental protection as a main objective.

http://theenergycollective.com/jared-anderson/402991/mexico-s-energy-reform-not-all-about-oil-and-gas-sector

Key Energy probing possible corruption in Mexico

WSJ - Key Energy Services Inc. said it is investigating allegations involving its Mexico operations for possible violations of the U.S. Foreign Corrupt Practices Act. The Houston energy company became aware of the allegations in April.

http://online.wsj.com/articles/key-energy-probing-possible-corruption-involving-mexico-unit-1401919552

Alfa bets on Colombia firm for energy gains

Bloomberg -The end of Mexico’s 75-year state energy monopoly is making potential allies of Alfa, a conglomerate with a stake in U.S. shale wells, and Colombia’s Pacific Rubiales Energy Corp.

http://www.bloomberg.com/news/2014-06-05/alfa-bets-on-pacific-rubiales-for-energy-gains-corporate-mexico.html

Oil-tinged graft scandal roils Mexico

WSJ - Over the past decade, Amado Yáñez Osuna was a highflying CEO with good political ties. He turned up at events with prominent ruling-party members, and lent his private jet to party officials. But then the party lost power.

http://online.wsj.com/articles/oil-tinged-graft-scandal-roils-mexico-1401409692

Pemex prepares to sell stake in Spain's Repsol

Reuters - Mexican state-run oil company Pemex is preparing to sell its 9.3 percent stake in Spain's Repsol, according to a media report on Monday, after the appointment of a new chief executive further soured relations between the two firms.

http://www.reuters.com/article/2014/05/05/repsol-pemex-idUSL6N0NR14N20140505

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. 

http://www.latimes.com/world/mexico-americas/la-fg-mexico-oil-reform-20140502,0,7702296.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.

http://latino.foxnews.com/latino/news/2014/03/27/latin-america-largest-solar-power-plant-goes-online-in-mexico/

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