Fuel thieves in Mexico have grown so bold they are drilling illegal taps under warehouses in big cities and siphoning off the entire contents of pipelines, Mexico’s president said Wednesday. President Andres Manuel Lopez Obrador said that at one pipeline carrying gasoline, thieves didn’t just skim off part of the flow — they drilled so...Read More
According to the National Air Transportation Board (Canaero) and the Association of Pilots of Aviators of Mexico, airports have been affected since Sunday, and private airlines have reported the delay of two flights. This is due to the intermittent delivery of turbosine through pipes, the fuel that used to arrive more immediately via the pipelines...Read More
In a bid to eliminate years of mounting theft, state oil firm Pemex has changed its distribution, triggering shortfalls in at least six states, including Guanajuato, a major car-making hub in central Mexico. Guanajuato’s state government said that less than one third of the state’s gas stations were open on Monday. Lopez Obrador told a...Read More
Investor confidence in Mexico was rattled last week after the president-elect abandoned a US$13bn airport project, raising fears that policy direction may soon take a more populist bent. The US$6bn bonds that helped fund the project slipped multiple points after a four-day consultation that resulted in Mexicans voting in favour of refurbishing existing airports instead....Read More
Refining company Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for November delivery, the refining company said on Monday. The purchase, which will be the state-run company’s first crude import in over a decade, was requested last week to cover needed oil supply...Read More
Gas shortages in southern Mexico will reach a critical point in November as Pemex natural gas production continues declining and users lack access to LNG terminals, industrial users in southern Mexico told S&P Global Platts on Thursday. Pemex is not nominating gas for several industrial users in southern Mexico as a result of decreasing production,...Read More
Just two days before the United Kingdom ambassador, Duncan Taylor, leaves his post as diplomatic representative of the European country; he predicted that the next presidential term with Andrés Manuel López Obrador will continue to strengthen ties of friendship and investments in Mexico. “We can invest six thousand million pesos over the next four years...Read More
The president-elect of Mexico, Andrés Manuel López Obrador, said today that the country will only extract the oil it requires to satisfy domestic consumption and that it will stop exporting this resource abroad. “Mexico is no longer going to sell, in the medium term, crude oil abroad; We want to process all our raw material,”...Read More
Mexican state oil firm Pemex [PEMX.UL] said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields. Pemex, which has been struggling with declining output for over a decade, said the...Read More
Oil theft is becoming one of Mexico’s most lucrative criminal businesses Violent battles between rival criminal groups vying for control over Mexico’s lucrative oil theft business left more than 50 people dead over the span of five days, highlighting the deadly consequences of the trade’s emergence as one of the country’s most prized illicit economies....Read More
Reuters By Marianna Parraga and David Alire Garcia ACAPULCO, Sept 28 (Reuters) – Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday....Read More
Highlights 20 shale wells expected by the end of the next year Company expects to ease fracking concerns of incoming president Acapulco, Mexico — Mexico’s Pemex expects to explore and assess its shale oil and gas portfolio with the hope of starting mass development in 2023-2024, the company’s exploration director said Friday. Receive daily email...Read More
REYNOSA, Mexico (Reuters) – The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened access to billions more barrels. FILE PHOTO: Soldiers keep guard a gas facility of Pemex in Reynosa September 18, 2012. REUTERS/Daniel...Read More
The one selected to represent Mexico in the world championship, which will be held in Slovenia, is elegant, sober, has mahogany eyes, a damp nose, a smooth black coat and his name is “Geri”. “Geri” is a rescue dog from the National Autonomous University of Mexico (UNAM), which will participate for the first time in...Read More
In the swampy wetlands of southern Mexico, officials and researchers are struggling to explain the deaths of dozens of manatees, the chubby marine mammals once confused with mermaids by ancient mariners. Fishermen who navigate the muddy waters inland from the coast of Tabasco state have discovered since May at least 28 dead West Indian manatees,...Read More
