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American companies seek to invest in Mexico’s oil industry despite economic and political risks

US oil companies such as Riverstone Holdings LLC want to take advantage of Mexico’s oil market recent liberalization hoping that issues such as the drop of the Mexican peso will not have a negative impact on the business.

Thursday, January 19th, 2017
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There is a risk of fuel shortages

Mexico began the year with the liberalization of gasoline prices and an increase of these. Authorities have recognized that the industry has major shortcomings.

Thursday, January 19th, 2017
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Vito Energy to build a pipeline that will connect Poza Rica with the Tula Hidalgo refinery

Holland’s Vito Energy will build a pipeline that will connect Poza Rica, in Veracruz, with the Tula Hidalgo refinery, as announced by its general director Luis Roca.

Thursday, January 19th, 2017
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Cantarell production keeps falling

Cantarell production keeps falling

One of the main causes crude production fall is the decrease in the Cantarell field. This asset that, some years ago, was the most important in the country, today has a very low production.

Thursday, January 19th, 2017
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Mexico is ready to negotiate borders in the Gulf

The Mexican Government wants to take advantage of the Gulf of Mexico’s resources. For that reason it created the Energy Reform and opened the hydrocarbons sector to free competition.

Wednesday, January 18th, 2017
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Pemex to sell Mayan heavy crude to the US West Coast

General Director of PMI International Commerce, Isaac Volin announced that Pemex began to sell Mayan heavy crude to refiners on the West Coast of the United States. This had not happened since 2008.

Wednesday, January 18th, 2017
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IEnova announced electricity project for US$1B

Mexico’s IEnova reported that it will make an investment of US$800M for a marine pipeline that will go from Tuxpan to Texas.

Wednesday, January 18th, 2017
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Pemex’s logistics to move gasoline has been underinvested: González Anaya

José Antonio Gonzáles Anaya, Pemex’s Director said that the NOC’s infrastructure to develop its logistics is under-invested. He explained the consequences that this brings for both the company and Mexico.

Tuesday, January 17th, 2017
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Mexico oil production keeps falling

The country’s production continues to fall. Although production data for December 2016 is not available, it is clear that oil extraction will be lower than in 2015.

Tuesday, January 17th, 2017
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Mexico oil production keeps falling

Mexico oil production keeps falling

The country’s production continues to fall. Although production data for December 2016 is not available, it is clear that oil extraction will be lower than in 2015.

Tuesday, January 17th, 2017
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