Energy

Energy

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/

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.

http://www.reuters.com/article/2014/03/28/mexico-reforms-oil-idUSL1N0MP01620140328

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.

http://www.reuters.com/article/2014/03/27/mexico-reforms-oil-idUSL1N0MN29P20140327

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.

http://fuelfix.com/blog/2014/03/12/mexico-anticipates-energy-overhaul-will-bring-in-billions/

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.

 

 

http://www.oilandgaseurasia.com/en/news/mexico%E2%80%99s-pemex-invest-277-bn-2014

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.

http://www.reuters.com/article/2014/02/27/mexico-pemex-idUSL1N0LW1AO20140227

Syndicate content