From the Washington Examiner Mexico’s Senate voted overwhelmingly in favor of approving the U.S.-Mexico-Canada Agreement on trade, a deal that would replace the North American Free Trade Agreement. The measure passed with a 114-4 vote, bringing the agreement one step closer to fruition. Mexican President Andrés Manuel López Obrador convened a special legislative session to hold the vote after the Senate
Article 605 seen as no longer necessary with output booming From Bloomberg With the U.S. gushing oil at record levels, America apparently no longer needs to preserve Canada as its emergency crude supplier. Missing in the North American trade pact unveiled Monday is a controversial provision from the old Nafta requiring Canada to provide a percentage of its energy exports to its
The API released a statement after the Trump Administration announced that Canada has joined an agreement with the United States and Mexico to form the United States, Mexico, and Canada Agreement (USMCA). Key provisions of the agreement related to the U.S. natural gas and oil industry include: Continued market access for U.S. natural gas and oil products, and investments in
From the Los Angeles Times The Trump administration has reached a deal with Mexico on a rewrite of the North American Free Trade Agreement, but the two sides now need a quick buy-in from Canada, which is expected to return to the bargaining table but still has significant issues with some of President Trump’s demands. The preliminary agreement with Mexico,
Shipments to Mexico and Canada account for nearly 50% of Texas exports EnerCom Dallas conference features a trade expert speaking on NAFTA The nation’s largest state independent oil and gas association has come out in favor of keeping the North American Free Trade Agreement (NAFTA) in place. The Texas Alliance of Energy Producers, its board representing more than 3,300 independent
Senate weighs in On June 8th, 2017, a bipartisan team of United States Senators Cornyn, Cruz, Hoeven, Moran, Heitkamp, Daines, Inhofe, and Murkowski sent a letter to the United States Trade Representative, Robert Lighthizer, urging him to consider how a revision of the North American Free Trade Agreement (NAFTA) might impact United States energy interests. The letter stressed the interdependence
Oil & Gas 360® polled three international law experts to gauge the viability of the $15 billion Keystone XL legal action by TransCanada The saga that started back in 2008 continues. The Keystone XL oil pipeline did not die with a slammed door from White House. At least, not from the point of view of its sponsor’s corner office in
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