Adriana's Feed
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.

Dec 10, 2014

First Mexican shallow-water oil and gas contracts seen by mid-July

MEXICO CITY, Dec 10 (Reuters) – Mexico’s initial
shallow-water oil and gas contracts will offer companies a share
of output with average production costs estimated at about $20
per barrel, the National Hydrocarbons Commission said on
Wednesday.

The tenders mark one of the first concrete steps stemming
from a historic energy reform finalized this year that ended the
decades-long monopoly enjoyed by state-owned oil company Pemex
across a wide range of oil and gas activities.

Dec 2, 2014

Low oil price won’t deter Chevron from new projects in Mexico

MEXICO CITY (Reuters) – Slumping international crude oil prices will not play a major role for U.S. oil major Chevron Corp as it determines future investment opportunities in Mexico’s newly opened energy sector, a top company executive said on Monday.

Crude oil markets have in recent days been hovering near five-year lows, with benchmark Brent crude dipping below the $70 per barrel level on Monday before recovering slightly.

Nov 25, 2014

Exclusive: Pemex to process less oil in 2015 due to refinery maintenance

MEXICO CITY (Reuters) – Refineries owned by Mexico’s state-run oil company Pemex will process 4 percent less crude oil in 2015 compared to this year’s forecast due to planned maintenance peaking in April and August, according to company plans seen by Reuters.

The lowest anticipated runs since 2011 may require Pemex to import more gasoline and diesel, demand for which is rising as the economy grows and the nation’s aging refinery fleet struggles to cope with its mostly heavy slate of Mexican crude, which is more difficult to process into higher-value fuels.

Nov 11, 2014

Shell says most focused on deep water oil projects in Mexico

MEXICO CITY (Reuters) – Royal Dutch Shell, one of the world’s largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major sector opening finalized earlier this year, a top executive said on Tuesday.

In the near term, Shell is eying potential deep water tie-ups with Mexican oil company Pemex in the Trion and Exploratus fields located within the Perdido Fold Belt, which straddles the U.S.-Mexico maritime border in the Gulf.

Oct 29, 2014

Mexico chamber sees 2014/15 sugar exports to US down over 20 pct

MEXICO CITY, Oct 28 (Reuters) – Mexico expects to export 1.5
million tonnes of sugar to the United States in the current
season following a trade deal struck this week, the country’s
sugar chamber said on Tuesday, signalling a sharp drop from the
previous season.

The forecast compares with an estimated 1.9 million tonnes
during the 2013/14 crop year that ended on Sept. 30, a decline
of more than a fifth.

Oct 28, 2014

Mexico chamber sees sugar exports down more than 20 pct in 2014/15

MEXICO CITY, Oct 28 (Reuters) – Mexico expects to export 1.5
million tonnes of sugar to the United States in the current
season following a trade deal struck this week, the country’s
sugar chamber said on Tuesday, in what would mark a sharp drop
from the previous season.

The forecast export volume compares with an estimated 1.9
million tonnes during the 2013/14 crop year that ended on Sept.
30, or a decline of more than a fifth.

Oct 22, 2014

Mexico seeks one million sugar export floor in trade dispute with U.S

MEXICO CITY (Reuters) – Mexico is seeking a floor on sugar exports of at least 1 million tonnes per year and insists the United States drop anti-dumping claims against its southern neighbor to resolve a sugar trade dispute, a Mexican source close to the talks said on Tuesday.

The comments could signal a renewed willingness by Mexican negotiators to relent to a lower exports minimum just days before U.S. regulators are due to decide whether to slap dumping penalties on Mexican sugar. They also suggest both countries are still in a standoff in the months-long dispute as the lower figure would likely be rejected by the U.S. sugar industry, traders have said.

Oct 21, 2014

Exclusive: Mexico seeks 1 million sugar export floor in trade dispute with U.S.

MEXICO CITY (Reuters) – Mexico is seeking a sugar export floor of at least 1 million tons per year and insists that the United States drop anti-dumping claims against its southern neighbor to resolve a sugar trade dispute, a Mexican source close to the negotiations said on Tuesday.

But if an agreement is not reached, Mexico will escalate the dispute to an international body such as the World Trade Organization, the source told Reuters, speaking on condition of anonymity due to the sensitivity of the negotiations.