Energy Latam Blog | 2016 Jan | W1

Weekly Highlights (plus a bonus) Feliz Año Nuevo | Happy New Year | Feliz Ano 2016!! Venezuela Earlier this week, newly elected opposition lawmakers were sworn in (English) to the Venezuelan Congress. The opposition won a super majority in Congress that is being challenged by the ruling Socialist party (PSUV). The country’s state-owned oil company, […]

Energy Latam Blog | 2015 Dec | W3-4

Weekly Highlights Mexico Pemex‘s oil price hit a low (Spanish) last week when the Mexican mix fell to $27 per barrel, and it continued flirting with record prices (Spanish) as it closed yesterday at $26.54 USD. Prices at this level hover close to the cost of production (estimated to be between $23 and $29 USD […]

Energy Latam Blog | 2015 Dec | W2

Weekly Highlights Mexico Pemex is looking at entering external markets and is scheduled to open five total franchise (English) gas stations in Houston in December 2015 to test the U.S. market. Pemex brand recognition is high among the large percentage of Hispanics residing in Houston. The new stations are part of a larger strategy (Spanish) to increase […]

La Cooperativa Pemex se apunta otra victoria

La mejor forma de visualizar a Petróleos Mexicanos es como una cooperativa que tiene un generoso rescatista financiero. Los cooperativistas serían, por supuesto, los trabajadores sindicalizados. Sus condiciones laborales son envidiables… Click for Full Story

México prepara estrategia para inversiones en energía

Ya que sus balances financieros están en dificultades, las compañías mexicanas estatales de petróleo y electricidad deben encontrar nuevas formas de generar dinero a partir de sus activos, y deben hacerlo rápidamente… http://www.elfinanciero.com.mx/financial-times/mexico-prepara-estrategia-para-inversiones-en-energia.html

Defaulted Bond Holders Are Closer to Seizing Rig They Don’t Want

Spurned bondholders of Mexican oil-field operator Oro Negro Offshore Drilling Pte are moving ever closer to the one option they’d hoped to avoid at all costs: seizing a rig hardly anyone wants. A trustee for investors holding $175 million in notes due in December called a default Friday after Oro Negro missed a $4.8 million […]

Puma, first to show interest in Mexico’s opening oil market

The Geneva-based oil company is looking into extending its global network of more than 2,300 stations to Mexico, confirmed Leopoldo Corona, manager of Puma Energy Mexico and Rodrigo Zavala, Puma Energy’s director for operations in the Americas. They further said in an email to El Financiero that the process of opening will eventually allow the […]

New logistics unit of Mexico’s Pemex begins formally functioning

The logistics unit of Mexican state-owned oil giant Petroleos Mexicanos began formally functioning with a session of its board of directors, which approved the subsidiary’s founding statute, the parent company said in a statement. The new company’s top executive, Francisco Fuentes, said the creation of Pemex Logistica was of great importance because… Full Story: http://latino.foxnews.com/latino/news/2015/10/16/new-logistics-unit-mexico-pemex-begins-formally-functioning/

Grupo Mexico sees $1 billion in oil investment over 5 years

Mexican mining and railroad company Grupo Mexico expects to invest $1 billion in new oil projects over five years from a mix of contracts and joint ventures with national oil firm Pemex [PEMX.UL], a top executive said on Tuesday. Ricardo Arce, head of Grupo Mexico’s oil drilling unit, said in an interview he sees crude […]

Pemex to Lease Robix P Series Oil Recovery Product in Oil Production Settling Ponds

Robix Alternative Fuels, Inc. announced today that as a result of meetings with senior representatives of Petroleos Mexicanos (“Pemex”) that commenced in July, 2015 in Villahermosa, Mexico, and Robix’s newly formed joint venture between its Mexican subsidiary, Corris Technologies Mexico S.A. de C.V. and Petrolmeca S.A. de C.V., the JV has received technical and legal […]