Bloomberg - Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico. Volumes still are being assessed and no estimate was given.Energy
Mexico hedges against slide in oil prices
Financial Times - Mexico has bought protection against the impact of the global economic slowdown, in effect insuring its crude oil exports at about $80-$85 a barrel for next year.
www.ft.com/intl/cms/s/0/ab402292-072e-11e2-92b5-00144feabdc0.html#axzz27aQvz0W2
Mexico's Asia oil exports pushing demand for tankers
Bloomberg - Rising Mexican crude oil exports to Asia are helping to boost demand for oil tankers because of the distances involved in the deliveries, according to Poten & Partners, a New York-based shipping consultant.
Blast that killed 30 is a blow to Pemex's safety record
AP - An enormous blast that killed 30 workers at a pipeline facility in northern Mexico was a big setback for the state-owned oil company, which up to this year had been reporting strides in its safety record at once accident-prone plants.
www.manufacturing.net/news/2012/09/mexico-blast-a-blow-to-pemexs-safety-record
Ground shakes, then Mexico gas pipeline explodes
Associated Press - Esteban Vazquez Huerta felt the ground suddenly shake as he worked on pipes at a natural gas plant near the U.S. border, then a pipeline just 300 yards away exploded in boiling flames higher than a three-story home.
www.mercurynews.com/breaking-news/ci_21590794/ground-shakes-then-mexico-gas-pipeline-explodes
26 were killed in Pemex distribution center fire
CBC - The fire at a natural gas pipeline distribution centre near Reynosa killed 26 maintenance workers and forcing evacuations of people in nearby ranches and homes. Pemex initially reported 10 deaths.
www.cbc.ca/news/world/story/2012/09/19/mexico-dead-pipeline-fire.html
Fire at Mexico Pemex gas facility kills 10
Reuters - Ten people were killed and at least 10 others injured when a Pemex gas facility burst into flames in northern Mexico on Tuesday, disrupting gas supplies in the area. The blaze was one of the worst accidents Pemex has suffered in the last few years.
in.reuters.com/article/2012/09/18/pemex-fire-idINL1E8KIDD720120918
Oceanografia selects Kongsberg for offshore systems
Maritime Executive - Oceanografia., one of Mexico’s largest offshore vessel operators, has signed a multimillion dollar contract with Kongsberg Maritime Simulation for the supply of offshore equipment systems, including a training center.
Pemex CEO outlines overhaul options for oil company
Dow Jones - Petroleos Mexicanos, or Pemex, isn't in crisis with its ample reserves of oil and natural gas, but it needs to be given greater independence from the government and operate more like a private company, Chief Executive Juan Jose Suarez Coppel said.
www.foxbusiness.com/news/2012/09/10/pemex-ceo-outlines-overhaul-options-for-mexico-oil-giant/
Regulator sees underdevelopment of Pemex fields
Bloomberg - Petroleos Mexicanos, or state-owned oil producer Pemex, has 39 shallow water fields that have the potential to produce about 500,000 barrels a day, Mexico’s Hydrocarbons Commission President Juan Carlos Zepeda says.
www.bloomberg.com/news/2012-09-10/mexico-s-oil-regulator-sees-underdevelopment-of-pemex-finds.html
Mitsubishi to build 50 MW power plant for CFE
JCN Newswire - Mitsubishi Heavy Industries, Ltd., jointly with Mitsubishi Corp., has received a full turnkey order from Comision Federal de Electricidad (CFE) to build a 50 MW geothermal power generation plant at its Los Azufres III power station.
