Energy

Energy

Pemex says 39 employees arrested in oil thefts

Reuters - Mexican authorities arrested 39 employees of state-run oil monopoly Pemex while they were stealing oil from its Salamanca refinery in the central state of Guanajuato, the firm said on Tuesday.

http://uk.reuters.com/article/2013/10/30/uk-mexico-oil-theft-idUKBRE99T04W20131030

Ienova surges most on IPC after pipeline deal

Bloomberg - Infraestructura Energetica Nova, or Ienova, the Mexican unit of natural-gas utility Sempra Energy, led gains in the country’s benchmark IPC index after winning a pipeline contract from the government-controlled energy company.

http://www.businessweek.com/news/2013-10-28/ienova-surges-most-in-mexico-s-ipc-index-on-pemex-pipeline-deal

Deadly explosion at gas storage plant in Puebla

BBC - At least four people have been killed and three injured in a gas explosion in the central Mexican state of Puebla, officials say. It is not yet clear what caused the blast at the natural gas storage plant at the Chachapa industrial park.

http://www.bbc.co.uk/news/world-latin-america-24548588

Keppel AmFels wins $240 million jack rig contract

Straits Times - Keppel AmFels, a U.S.-based unit of Keppel Offshore & Marine, has won a contract in Mexico to build a jackup rig worth $240 million. The rig, ordered by Mexican firm Perforadora Central, is scheduled to be delivered in the fourth quarter of 2015.

http://www.straitstimes.com/breaking-news/money/story/keppel-amfels-wins-3002-million-contract-mexico-20131010

Carbon tax clashes with energy revamp

Reuters - Mexico's plan to become the first major oil-producing emerging economy to introduce a carbon tax has a problem: It clashes head-on with the government's ambitions to lower the cost of electricity and boost energy output.

http://www.reuters.com/article/2013/10/07/mexico-reforms-idUSL1N0HQ1MB20131007

How oil reforms could trigger big boom in Mexico

Forbes - Mexico’s oil sector is set to begin a radical transformation. How big could these oil reforms be for Mexico’s economy? “This will be the most significant change in Mexico’s economic policy in 100 years,” says Duncan Wood of the Woodrow Wilson Center.

www.forbes.com/sites/christopherhelman/2013/10/01/mexicos-oil-reforms-set-to-trigger-biggest-economic-boom-in-100-years/

U.S. natural gas sellers look to Mexico

Dow Jones - U.S. energy companies are turning to Mexico as they struggle to find uses for the glut of natural gas that has depressed domestic prices for the fuel. Pipelines are carrying twice as much natural gas to Mexico as they did in 2010.

online.wsj.com/article/SB10001424052702304795804579099371540087080.html

Plan to cut Pemex tax burden enriches investors

Bloomberg - President Enrique Pena Nieto’s plan to reduce state-owned oil producer Petroleos Mexicanos’s tax burden while giving it first rights on prospects is enriching investors with Mexico’s biggest bond-market gains.

www.bloomberg.com/news/2013-09-27/death-of-99-pemex-tax-soothes-oil-monopoly-fate-mexico-credit.html

Mexico declares force majeure on LNG plant

Reuters - Mexican state power utility CFE said on Monday it had declared force majeure late last week on imports into the Manzanillo liquefied natural gas (LNG) terminal after Hurricane Manuel damaged TransCanada's Guadalajara pipeline.

www.reuters.com/article/2013/09/24/mexico-lng-hurricane-idUSL5N0HJ3B220130924

Calderon leads climate change economics study

Bloomberg - Former Mexican President Felipe Calderon is spearheading a study sponsored by seven countries into the economics of climate change, seeking to set out the benefits of reducing carbon emissions.

www.bloomberg.com/news/2013-09-24/mexico-s-calderon-leads-climate-change-economics-probe.html

Syndicate content