Thursday, February 20, 2025
Exclusive: US plans ultimatum in Mexico energy dispute, raising threat of tariffs- oil and gas 360

Exclusive: US plans ultimatum in Mexico energy dispute, raising threat of tariffs

Yahoo Finance The Biden administration plans to send Mexico an “act now or else” message in coming weeks in an attempt to break a stalemate in an energy trade dispute as bipartisan calls grow for the U.S. to get tougher with its southern neighbor, according to people familiar with the discussions. The move would represent a significant escalation in already-strained

Talos Energy and its partners announce submission of unit development plan for Zama Project in Mexico- oil and gas 360

Talos Energy and its partners announce submission of unit development plan for Zama Project in Mexico

Oil and Gas 360 HOUSTON, March 23, 2023 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) and the other Zama Unit Holders Wintershall Dea, Harbour Energy plc (“Harbour”) and Petróleos Mexicanos (“Pemex”), today announced that on March 23, 2023, Pemex, as operator, submitted the Zama Unit Development Plan (“UDP”) to Mexico’s National Commission of Hydrocarbons (“CNH”) for formal approval. An

Eni makes oil discovery offshore Mexico- oil and gas 360

Eni makes oil discovery offshore Mexico

World Oil (WO) – Eni made a new oil discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 MMboe in place. Yatzil-1 EXP is the second commitment well of Block 7 and the eight

Three fires at Pemex facilities in one day- oil and gas 360

Three fires at Pemex facilities in one day

Oil Price Mexico’s state-owned oil company Pemex saw three fires in one day at three separate facilities that it operates in Mexico and the United States.   Pemex reported on Thursday a fire at the storage facility Tuzandepetl in the state of Veracruz. The fire started in the drilling equipment for reasons that are yet unknown, the Mexican company said. Five workers

Chevron, Williams partner to support natural gas production in Haynesville and Gulf of Mexico- oil and gas 360

Chevron, Williams partner to support natural gas production in Haynesville and Gulf of Mexico

World Oil (WO) — Williams and Chevron U.S.A have agreed to support natural gas development in the prolific Haynesville basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication. Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy Gateway (LEG) project. Additionally, Williams has agreed to

Mexico's Lopez Obrador orders ministry to step up lithium nationalization- oil and gas 360

Mexico’s Lopez Obrador orders ministry to step up lithium nationalization

Nasdaq MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Saturday signed a decree handing over responsibility for lithium reserves to the energy ministry, after nationalizing lithium deposits last April. During an event in Sonora, Lopez Obrador signed the decree that orders the energy ministry “to take the actions necessary to carry out” the nationalization process. It also declares 234,855 hectares

Shell begins oil production at first deep-water platform in Gulf of Mexico- oil and gas 360

Shell begins oil production at first deep-water platform in Gulf of Mexico

World Oil (WO) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced has begun oil production at the Shell-operated Vito floating production facility in the U.S. Gulf of Mexico (GoM). With an estimated peak production of 100,000 boed, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. “Vito is an

Heavily indebted Pemex looks for ways to make $10 billion payments- oil and gas 360- oil and gas 360

Heavily indebted Pemex looks for ways to make $10 billion payments

Oil Price Mexico’s indebted state oil company, Pemex, is searching for ways to make $10 billion in bond payments this year, an amount that neither the company nor Mexico’s government has planned for, Bloomberg News reported Monday. Last month, Pemex Chief Executive Officer Octavio Romero said the company was in talks with the government about getting renewed support for paying

New Mexico will overtake Mexico’s crude oil output this month- oil and gas 360

New Mexico will overtake Mexico’s crude oil output this month

Oil Price New Mexico is set to overtake Mexico’s crude oil production in the current month. That’s what commodity analysts at Standard Chartered have projected in a new report obtained by Oilprice.com, with New Mexico’s production in September just 74,000 barrels per day less than Mexico’s.   “The surge in New Mexico’s output is centered on two counties, Lea and

Mexico’s energy policies are hurting trade with the U.S. and Canada- oil and gas 360

Mexico’s energy policies are hurting trade with the U.S. and Canada

Oil Price The United States and Canada are frustrated with Mexico’s approach to energy. The country’s energy policy has fluctuated over the last decade as different presidents have taken wildly different approaches to transform the sector. The previous Mexican President, Enrique Peña Nieto, made a seismic shift when he opened up the long-nationalized sector to international investors.   For nearly 80

U.S. and Mexico extend energy discussions after failing to resolve dispute- oil and gas 360

U.S. and Mexico extend energy discussions after failing to resolve dispute

Oil Price The United States and Mexico will continue talks aimed at settling an energy policy dispute after failing to reach an agreement within the set minimum period, Bloomberg has reported, citing the sides chose to keep negotiating instead of the U.S. opting for arbitration.   It was the United States that requested the talks earlier this year, under the United

Mexico plans to be LNG export hub with U.S.-drilled natural gas- oil and gas 360

Mexico plans to be LNG export hub with U.S.-drilled natural gas

World Oil (Bloomberg) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast.   Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the power-plant fuel to supply even its own domestic needs, the