Adriana's Feed
Jul 1, 2014

Mexico oil contracts set to be delayed: official

MEXICO CITY (Reuters) – The first big set of contracts for oil and gas development in Mexico are likely to be delayed a few months, an energy ministry official said on Tuesday, after disagreements in Congress over detailed legislation to underpin them.

Congress is currently discussing so-called secondary laws, including some new rules and amendments to existing ones, needed to set in motion a landmark energy reform passed in December to open up the oil and gas industry to private capital.

May 20, 2014

Mexico’s national power utility plans natural gas sales

MEXICO CITY (Reuters) – Mexico’s state-owned power utility plans to start selling natural gas to the private sector for the first time as it builds new pipelines, the company’s top executive said.

Industrial consumers would be the target market for the sales, Enrique Ochoa, chief executive officer of the Federal Electricity Commission, or CFE, told Reuters late on Monday.

Apr 15, 2014

Exclusive: Pemex refineries to boost output in 2014, maintenance peaks in October, November

MEXICO CITY (Reuters) – Refineries owned by Mexico’s state-run oil company Pemex will boost crude processing volumes to their highest rate in five years in 2014, with maintenance work peaking in late autumn, according to a company plan seen by Reuters.

The company’s six domestic plants are expected to process an average of 1.248 million barrels per day (bpd) this year, or 79.2 percent of their combined capacity, according to a Reuters analysis based on a scheduled turnaround plan for this year.

Dec 12, 2013

Mexican Congress passes radical shake-up of oil industry

MEXICO CITY (Reuters) – Mexico’s Congress on Thursday overwhelmingly voted to open up the country’s oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.

After a whirlwind final passage through Congress, President Enrique Pena Nieto’s bill will offer companies the chance to operate oil wells, commercialize crude and partner with state oil giant Pemex as Mexico seeks to revive flagging output.

Dec 12, 2013

Mexico’s landmark energy bill nears final approval

MEXICO CITY (Reuters) – Mexico’s Congress on Thursday was poised to complete approval of the biggest overhaul of its oil industry since nationalization 75 years ago, opening the door to investment by foreign oil companies in a bid to reverse falling output.

The energy bill is a cornerstone of an ambitious reform agenda spanning telecoms to bank lending that President Enrique Pena Nieto hopes will boost growth in Latin America’s No. 2 economy, which for years has lagged regional peers.

Dec 10, 2013

Mexico Senate panels OK energy reform; leftists oppose

MEXICO CITY (Reuters) – Mexican Senate committees on Monday gave general approval to a draft energy bill allowing private investment in the world’s No. 10 oil producer in what would be the biggest opening of the state-controlled sector in its 75-year history.

The bill, unveiled by senators from the ruling Institutional Revolutionary Party (PRI) and opposition conservatives on Saturday, would let private firms partner with ailing state oil firm Pemex via profit-sharing, risk-sharing and service contracts as well as licenses.

Dec 6, 2013

Mexico near energy reform deal but presentation delayed

MEXICO CITY, Dec 6 (Reuters) – Mexican senators on Friday
were near agreement on offering private companies lucrative
contracts providing them a share of oil production, but
presentation of the draft constitutional reform was delayed to
allow details to be hammered out.

Officials said Senate committees could unveil the reform at
the weekend and start debating one of the cornerstones of
President Enrique Pena Nieto’s economic reform drive on Monday.

Dec 5, 2013

Mexico lawmakers preparing to debate energy reform: top senator

MEXICO CITY (Reuters) – Mexican lawmakers will send a landmark energy bill to Senate committees on Thursday to pave the way for debate on a cornerstone of President Enrique Pena Nieto’s economic reform drive, a top ruling party lawmaker said on Wednesday.

The bill, which would open Mexico’s state-dominated energy sector to private investment in a bid to raise flagging oil output, will need approval of the Senate and lower house of Congress.

Dec 4, 2013

Mexico lawmakers poised to debate energy reform-top senator

MEXICO CITY (Reuters) – Mexican lawmakers are poised to send a landmark energy bill to Senate committees to start debate on a cornerstone of President Enrique Pena Nieto’s economic reform drive, a top ruling party lawmaker said on Wednesday.

The bill, which would open Mexico’s state-dominated energy sector to private investment in a bid to raise flagging oil output, will still need approval of the Senate and lower house of Congress.

Dec 3, 2013

Mexican Congress committees give green light to electoral reform

MEXICO CITY (Reuters) – Mexican congressional committees on Monday gave the green light to an electoral reform demanded by the opposition, paving the way for lawmakers to push ahead with the energy sector overhaul at the center of President Enrique Pena Nieto’s reform agenda.

The reform will allow federal lawmakers to serve consecutive terms, sets out rules for coalition governments and should strengthen Congress at the expense of the president. It is the last major hurdle to approval of the energy reform.