Adriana's Feed
Jun 26, 2015

Mexico sees TPP deal doubling agricultural exports to Japan

MEXICO CITY (Reuters) – Mexico expects a finalized 12-nation Pacific trade deal to double the country’s agricultural exports to Japan’s mostly closed market, and the deal will likely be signed in the “next few weeks,” a senior trade official said on Friday.

The so-called Trans-Pacific Partnership, or TPP, would potentially cover 40 percent of the world economy and raise annual global economic output by nearly $300 billion.

May 29, 2015

Mexico lifts bidding limits for first batch of oil tenders

MEXICO CITY, May 29 (Reuters) – Mexico’s oil regulator voted
on Friday to relax previously established rules on bidding terms
and contracts that form the first step in an historic sector
opening that kicks off this summer with the public auction of 14
shallow water fields.

The July auction will mark the first of five packages of oil
fields up for grabs, part of a so-called Round One tender that
follows a major energy reform approved by Congress last year.

May 12, 2015

Mexico sees $620 mln investment from 26 oil areas under tender

MEXICO CITY, May 12 (Reuters) – The next round of contracts
in Mexico’s opening of its oil and natural gas industry should
bring in about $620 million in investment in the first five
years, Energy Minister Pedro Joaquin Coldwell said on Tuesday.

The 26 onshore oil and gas areas to be tendered are spread
across five states and are believed to contain 2.5 billion
barrels of oil equivalent in remaining resources.

Apr 21, 2015

Mexico bans poultry, egg imports from bird flu-hit Iowa

MEXICO CITY (Reuters) – Mexico, the biggest buyer of U.S. chicken, has halted imports of live birds and eggs from the U.S. state of Iowa due to an outbreak of deadly bird flu there, the Mexican government said on Tuesday.

Mexico and other major countries last month imposed new export restrictions on poultry products from various U.S. states, but a new outbreak has hit top U.S. egg-producing state Iowa.

Mar 3, 2015

Mexico improves contract terms to lure oil investment

MEXICO CITY (Reuters) – Mexico will give oil companies a bigger share of profits and more flexibility in contracts as it opens up its energy sector, the country’s top oil regulator said in an interview, after a host of companies said the initial terms would deter them.

Changes to draft production-sharing contracts for shallow water extraction projects will relax rigid investment requirements and clarify how contracts could be revoked, said Juan Carlos Zepeda, head of Mexico’s national hydrocarbons commission.

Feb 28, 2015

Mexico OKs 5 shallow water areas in Round One oil tender second leg

MEXICO CITY, Feb 27 (Reuters) – Mexico has approved draft
auction terms for five shallow water areas containing around 355
million barrels of oil equivalent (boe) as part of its Round One
tender opening up oil fields to foreign investors, the country’s
energy regulator said on Friday.

The areas, located in the southern Gulf of Mexico, are
divided into nine production-sharing contracts which will be
awarded to companies or consortia by late September.

Feb 27, 2015

Mexico OKs 5 shallow water areas in Round One oil tender

MEXICO CITY, Feb 27 (Reuters) – Mexico has approved the
auction terms for five shallow water areas containing around 355
million barrels of oil equivalent as part of its Round One
tender opening up oil fields to foreign investors, the country’s
energy regulator said on Friday.

Round One includes several fields grouped by basin, with
the first batch of 14 contracts approved in mid-December.

Jan 16, 2015

Mexico says oil slump may hit tenders, public spending

MEXICO CITY, Jan 15 (Reuters) – Mexico said on Thursday that
tenders for the exploration and production of shale and other
more expensive oil and gas deposits could happen later than
planned because of the slump in oil prices, which could also
hurt government spending in 2016.

The tender for Mexico’s first round of contracts under an
historic energy sector opening is already underway and includes
several packages of fields grouped by type of basin.

Dec 12, 2014

Mexico limits shallow-water bids in oil sector opening

MEXICO CITY, Dec 11 (Reuters) – Mexico said on Thursday it
would cap the number of shallow-water projects companies can bid
for as it set out initial contracts for the historic opening of
its oil and gas industry, but did not specify the share the
government will take.

Following a reform that ended Mexico’s 75-year state
monopoly, officials unveiled details of the first
production-sharing contracts to an audience that included
executives from Chevron Corp and Exxon Mobil Corp
.

Dec 11, 2014

Mexico limits shallow-water bids in energy opening, no word on tax

MEXICO CITY, Dec 11 (Reuters) – Mexico said on Thursday it
would cap the number of shallow water contracts companies can
bid for as it outlined the tender for the first leg of the
country’s energy sector opening, but gave on word on how much
tax the government will take.

Following a sweeping energy reform that ended a 75-year
state monopoly, Mexico’s National Hydrocarbons Commission (NHC)
on Thursday revealed key details of the process to a packed
audience including executives from Chevron Corp, Exxon
Mobil Corp and Ecopetrol SA.