Mexico
News
April 10, 2020
The world’s top oil producers pulled off a historic deal to cut global crude output and work towards an end to a devastating price war.
News
April 10, 2020
As a standoff between Saudi Arabia and Mexico threatens to thwart a historic deal to cut oil production, the solution may be to shift the goalposts: measure exports rather than output.
News
April 10, 2020
As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices.
News
April 10, 2020
Mexico said it has reached an agreement with OPEC+ for deep oil-production cuts, after an intervention from U.S. President Donald Trump resolved an overnight impasse.
News
April 09, 2020
An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday as Mexico refused to participate in the curbs and left the meeting without approving the deal.
News
April 08, 2020
Petroleos Mexicanos aims to nearly double drilling to 423 wells this year and accelerate development of 15 recent discoveries, even though experts say many are unprofitable at current prices.
News
March 23, 2020
Talos Energy announced updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses.
News
February 27, 2020
Petroleos Mexicanos reported its biggest quarterly loss in two years as production growth stalled.
News
February 26, 2020
Shell is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.
News
February 24, 2020
The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
News
February 19, 2020
Mexico plans to lock in prices for the country’s crude output for next year, continuing the world’s largest sovereign oil hedge, Finance Minister Arturo Herrera said.
News
January 30, 2020
Mexico’s government-owned oil company just laid claim to most of the country’s biggest private discovery, putting it on a collision course with the U.S. firm that made the find five years ago.
News
January 23, 2020
Andres Manuel Lopez Obrador, who swept into power in Mexico after promising big changes in the country’s energy markets, has been careful not to spook investors by canceling past reforms outright.
News
January 13, 2020
Mexico has made key data on its sovereign oil hedge a state secret to shield the information from speculators and prevent cost increases, according to official documents seen by Bloomberg.
News
January 08, 2020
Mexican President Andres Manuel Lopez Obrador said officials would announce a plan by mid-February that would make clear how private companies could participate in the nation’s energy sector.
News
January 03, 2020
Mexico’s government hedged oil exports for this year at an average $49 a barrel, locking in protection against low crude prices, the nation’s Finance Ministry said.
News
January 02, 2020
A drive to drill new wells at 20 “priority” fields in Mexico largely using smaller, local service providers is faltering, with Pemex expected to re-bid some of the work in the year ahead.
News
December 10, 2019
API joined more than 200 companies and associations covering a wide range of industries in the USMCA Coalition, which has been working to secure the agreement’s approval in Congress.
News
December 10, 2019
Even as Mexico’s president and Pemex’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller.
News
November 26, 2019
Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid and the debts are building up, complicating efforts to revive an industry whose production has plunged by half since 2004.
News
November 18, 2019
The government of Andres Manuel Lopez Obrador is changing rules for clean-energy credits, allowing aging hydroelectric dams operated by Mexico’s state-owned utility to qualify. The move, critics say, dilutes the value of credits initially intended for new wind and solar farms.
