Regional News: Latin America

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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.

Glencore Agrees JV Deal to Supply Mexican Fuel Stations
Thursday, May 18, 2017 The new franchise will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.


Exxon Says to Open Gas Stations in Mexico, Invest $300 Million
Wednesday, May 17, 2017 Exxon expects to open its first service stations in Mexico later this year.

BP Sees Early Promise, Growing Investment In Mexico Energy
Wednesday, May 17, 2017 BP's first foray into Mexico's recently opened energy market is proving more promising than expected, the oil major's Mexico boss said in an interview.

Fire Triggered by Suspected Fuel Thieves Kills Four in Mexico
Monday, May 15, 2017 The pipeline has a capacity of 73,000 barrels per day and transports gasoline and diesel from Pemex's Minatitlan oil refinery to Mexico City.

Brazil Acts to Protect Ethanol Producers as U.S. Imports Jump
Monday, May 15, 2017 Brazil is toughening requirements for ethanol importers to protect domestic producers, a minister said on Monday.

Mexican Fuel Importers Weigh Risk After Thefts Trigger Bloodbath
Wednesday, May 10, 2017 A gun battle May 3 between soldiers and huachicoleros, the local nickname for fuel thieves, left 11 people dead and many more injured and triggered protests in Puebla, where pipelines are often tapped to steal gasoline.

UN Reports Sharp Drop in Cuban Exports of Refined Oil Products
Tuesday, May 09, 2017 Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela.

Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017 Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.

Exclusive: McDermott to Double Headcount in Mexico by Year-End
Friday, May 05, 2017 Mexico's energy reforms drive oil and gas growth, positioning McDermott International to increase its workforce there to 2,000 employees by the end of 2017.

Pemex Seeks Investors for Its Refineries, but Who's Buying?
Friday, May 05, 2017 Sweeping energy reforms have turned Mexico into one of the world's most attractive offshore prospects, but one segment is getting no love from U.S. investors: the nation's aging refineries.

Mexico Oil Theft Clash Leaves at Least 10 Dead, Including Four Soldiers
Friday, May 05, 2017 At least four soldiers and six suspected oil thieves died in a battle in the central Mexican state of Puebla, authorities said on Thursday, as the army launched a major operation against organized criminals who siphon fuel from pipelines.

Pemex Keeps More of Its Crude in Mexico as Refineries Ramp Up
Thursday, May 04, 2017 Pemex is producing more gasoline and diesel at its six refineries across Mexico, reducing fuel imports and leaving less oil available for export.

Russia Resumes Oil Shipments to Cuba, Helps Fill Venezuelan Breach
Thursday, May 04, 2017 A Russian oil tanker with 249,000 barrels of refined products is due to arrive in Cuba on May 10, according to Reuters shipping sources and others, bringing back memories of when the Soviet Union supplied all of the island's energy needs.

Mexico's Pemex Posts First Quarterly Profit In Five Years
Wednesday, May 03, 2017 Pemex reported a first quarter net profit of $4.7 billion, the firm's first quarterly profit since 2012.

CEO: Pemex Will Be Profitable By 2020
Wednesday, May 03, 2017 Pemex is taking advantage of energy reform and its finances are steadily improving, CEO tells OTC crowd.

Energy Dep Sec: Mexico's Oil, Gas Industry Open For Business
Monday, May 01, 2017 By the end of the year, Mexico's upstream, midstream and downstream sectors will all be open for investment, the nation's deputy energy secretary says during OTC 2017.

Mexican Oil Regulator Approves First Onshore Joint Venture Projects
Friday, April 28, 2017 Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved.