Latin America News


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Mexican Oil Regulator Approves First Withdrawal Of Contract
Tuesday, November 07, 2017 Mexico's oil regulator votes to begin the process of withdrawing an onshore contract.

Mexico's Pemex Makes Biggest Onshore Oil Find in 15 Years - President
Friday, November 03, 2017 Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said.

Mexico Outlay Jumped 21% to $1.25 Billion for Biggest Oil Hedge
Tuesday, October 31, 2017 Mexico spent about $1.25 billion to lock in prices of oil exports for next year, according to Finance Ministry data.

Mexico's Pemex Posts $5.6B 3Q Loss On Lower Output
Friday, October 27, 2017 Pemex reports a narrower loss in the 3Q, but results for the state-run oil company were weighed down by a sharp slump in crude output.

Brazil vs Mexico: Latin America's Fight For Big Oil's Money
Thursday, October 26, 2017 Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors.

Gadfly: Texas' Power Producers Are Caught in a Mexican Standoff
Thursday, October 26, 2017 Despite decent demand, power prices in Texas have been weighed down by a confluence of things.

Mexico Expects To Hold A Third Oil And Gas Auction In 2018
Thursday, October 19, 2017 Mexico's oil regulator will likely add another oil auction featuring conventional onshore oil and gas blocks, a senior official says.

Total Expands Presence in Mexico
Thursday, October 12, 2017 Mexican service station group makes retail deal with Total.

IEnova Ups Stake in Major Mexican Natural Gas Pipeline
Friday, October 06, 2017 IEnova's indirect stake in the project known as Ramones II North will increase to 50 percent from 25 percent.

Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
Wednesday, October 04, 2017 The rush of enthusiasm that followed the July find has turned into a nervous wait.

Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct
Thursday, September 28, 2017 Located on Mexio's Pacific coast, Salina Cruz is the country's largest refinery.

Mexico's Pemex Sees Salina Cruz Refinery Restart Third Week October
Wednesday, September 27, 2017 Pemex says it expected its Salina Cruz refinery to resume operations by the third week of October, after a series of natural disasters kept the facility offline.

Mexico's Pemex Says Gasoline, Diesel Supplies Guaranteed
Thursday, September 21, 2017 Pemex says its installations suffered no significant damage from an earthquake.

Dominican Republic Shuts Most Ports Ahead Of Hurricane Maria
Wednesday, September 20, 2017 Dominican Republic closed most of its ports ahead of Hurricane Maria, the government says.

China's CNOOC Begins Oil Partner Hunt in Mexico Deep Waters
Friday, September 15, 2017 CNOOC is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.

Quake, Blackout, Breakdowns Cripple Mexico's Refinery Capacity
Friday, September 15, 2017 Mexico's drivers may pay more for fuel after a power failure hit a second refinery the same week that the strongest earthquake in more than a century shut the nation's biggest plant.

Mexico's Pemex Says Refinery Electrical System Damaged By Quake
Tuesday, September 12, 2017 Pemex says that it soon expects to repair turbogenerators damaged at its refinery near the epicenter of last week's massive earthquake.

Buckeye Targets Normal Operations At Bahamas Oil Terminal On Tuesday
Tuesday, September 12, 2017 Buckeye Partners LP said it aims to resume normal operations its Bahamas crude oil and fuel terminal after Hurricane Irma rampaged through the Caribbean.

Mexico's Pemex Delays Starting Salina Cruz Refinery After Quake
Monday, September 11, 2017 Pemex has not yet restarted its Salina Cruz refinery due to aftershocks following last week's huge earthquake that struck off southern Mexico,

Hurricane Irma Worsens Latin America's Fuel Supply Crunch
Thursday, September 07, 2017 Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America.

NuStar's St. Eustatius Terminal Damaged By Irma, No Restart Date Set
Thursday, September 07, 2017 Nustar Energy's oil terminal in the Caribbean island of St. Eustatius suffered damage to several tanks and other equipment due to Hurricane Irma.

Shell Opens First Mexico Gas Station, Eyes Up To $1B Investment
Tuesday, September 05, 2017 Shell opens its first gas station in Mexico, adding to a growing list of foreign-branded pumps.

Mexico's Pemex Says Fuel Supply Guaranteed Despite Harvey
Monday, August 28, 2017 Pemex said that Mexico's gasoline and diesel supplies were "guaranteed" despite the closure of Texan refineries that supply Latin American markets.

PDVSA Negotiating Curacao Refinery Lease, Open to China Partner
Friday, August 25, 2017 PDVSA has operated the refinery for decades, but the cash-poor company has been reluctant to invest in it.

Pemex Carries Out Major Maintenance Work At Ciudad Madero Refinery
Thursday, August 24, 2017 Pemex sais it is undertaking substantial maintenance work at its Ciudad Madero refinery.

Mexican Government Raises Pemex Deductions To Continue Oil Output
Friday, August 18, 2017 Mexico's finance ministry says Pemex will be allowed to deduct more costs for developing some projects so the firm can maintain production.

Mexico's Cotemar Sees $200MM Investment In Oil Projects By 2018
Thursday, August 17, 2017 Cotemar plans to invest at least $200 million in two oil projects by the end of 2018.

Glencore To Start Importing Fuel For Mexico In February
Thursday, August 17, 2017 Glencore expects to start importing fuel for Mexico's domestic market in February 2018.

Glencore, Chevron Enter Mexico's Recently Opened Fuel Market
Thursday, August 17, 2017 Chevron and trading firm Glencore announced separate plans to enter Mexico's fuel market.

Novum Completes First Sale of Imported Diesel to Mexican Retailer
Monday, August 14, 2017 US-based trading firm Novum Energy said it has completed its first sale of imported ultra-low sulfur diesel to a Mexico-based fuel retailer.

Exploration Chief: Mexico's Pemex Seeks Oil Projects In Americas
Wednesday, August 09, 2017 Pemex is looking for oil projects in the United States, Brazil, Colombia and Argentina to keep up output after an energy reform.

Mexico's Pemex Posts Profit For Third Straight Quarter
Thursday, July 27, 2017 Pemex reports a 32.8 billion peso ($1.8 billion) second-quarter profit.

Mexico's Pemex Says $5B Bond Deal Covers Needs Through 2018
Monday, July 24, 2017 Pemex says that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.

Tesoro Signs Deal with Pemex to Enter Mexico
Wednesday, July 19, 2017 The Texas-based refiner that will soon be called Andeavor will supply fuels in Mexico's Sonora and Baja California states.

Mexico Sets Jan. 31 For Next Deep-Water Oil, Gas Tenders
Wednesday, July 19, 2017 Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions.

Court Orders PDVSA to Allow Sale of Oil at Sovcomflot's Request
Tuesday, July 18, 2017 The court action suggests even political allies of Venezuela such as Russia are losing patience with PDVSA's payment delays.

Pemex Terminates Odebrecht Refinery Contract Amid US Probe
Tuesday, July 11, 2017 Pemex last month terminated a 1.8 billion peso ($100 million) contract with Odebrecht SA amid a probe by the U.S. Justice Department.

Sources: Pemex Declares Force Majeure On Maya Crude From Pacific Coast
Wednesday, June 28, 2017 Pemex has declared force majeure over at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal.

Mexico's Pemex Sees Restart of Salina Cruz Refinery on July 30
Friday, June 23, 2017 The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.

Mexico Seen Importing More US Gasoline With Top Refinery Out
Wednesday, June 21, 2017 Mexico is expected to increase imports from the US with Pemex's biggest refinery out of service for at least two weeks.

Mexico Oil Sector Accidents Raise Doubts About Deep Water Exploration
Monday, June 19, 2017 As Mexico opens its energy market to more private investment, the country's drive to exploit untapped deepwater oil riches has raised safety concerns.

Woodmac: Only the 'Very Best' Projects Sanctioned
Monday, June 19, 2017 Only the very best deepwater projects have been sanctioned during the oil price downturn, which speaks volumes of the Liza field's potential.

Two Killer Refinery Fires No Help as Pemex Seeks Partners
Friday, June 16, 2017 Pemex's bid to recruit partners to help run their facilities "was already a tough sell" because of the condition of the aging plants, said Tim Samples.

Mexico's Pemex Expects To Begin Restart Of Top Refinery
Thursday, June 15, 2017 Pemex says it expects to begin startup operations at its Salina Cruz refinery later in the day once it extinguishes a large fire that completely shut down the plant.

Fire Breaks Out At Mexico's Top Refinery, 9 People Hurt
Wednesday, June 14, 2017 A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery after a crude spill.

Mexico Said to Take First Steps in Annual Oil Hedging Program
Friday, June 09, 2017 Mexico has taken the first step in its annual oil hedging program, asking Wall Street banks for price quotes on the put options it buys to lock in prices for the following year.

Politics Won't Slow Mexico As It Barrels Toward Free Market Energy Economy
Wednesday, May 24, 2017 Oil and gas officials tell Mexico Gas Summit in San Antonio audience that 2018's post-election government may accelerate energy reforms intended to open the nation to more foreign investment.

Mexico Oil Reform Advances With First Private Well in 80 Years
Tuesday, May 23, 2017 For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters.

Mexico Private Sector Eyes More NAFTA Content in Future Products
Friday, May 19, 2017 U.S. Trade Representative Lighthizer said in Washington that NAFTA had been successful for U.S. agriculture, investment services and the energy sector, but not manufacturing.

ExxonMobil Plans to Import Fuel to Mexico to Supply Its Gas Stations
Friday, May 19, 2017 ExxonMobil expects to open its first service stations in Mexico later this year and will sell gasoline and diesel fuels.

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