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.

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.

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.

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.

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