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Mexico’s CFE to tender $2.8 bln in power plant, pipeline projects

by David Alire Garcia, Reuters, July 21, 2014 (Reuters) – Mexico’s national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth. The projects include two combined-cycle power plants, two natural gas pipelines as well…

Pemex eyes menu of funding options ahead of historic reforms

by Paul Kilby, Reuters, July 21, 2014 NEW YORK, July 21 (IFR) – Green bonds, debut local loan syndications and Samurais are some of the financing options on the table for Mexican state-run oil company Pemex as it seeks to become a more profitable entity in the wake of the country’s historic reforms. Several bills…

Opening of Mexican Energy Sector Takes Step Forward

Senate Votes to Give Local Companies Greater Piece of Oil, Gas Projects by Juan Montes, The Wall Street Journal, July 18, 2014 MEXICO CITY—Mexico’s Senate voted Friday to give Mexican companies a greater role in energy projects under the landmark opening of the country’s oil and gas sectors, tightening the national content rules that President…

Mexico’s Pemex to spend $6 bln to maintain output at Cantarell

by Adriana Barrera and David Alire Garcia, Reuters, July 1, 2014 (Reuters) – Mexico’s state-run oil company Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official said on Tuesday. Discovered in 1976, output from the offshore…

The China-Mexico Strategic Relationship and Its Impact on the U.S.

by Evan Ellis, via The Manzella Report, June 2, 2014 As the People’s Republic of China (PRC) has expanded its commercial and other relationships with Latin America and the Caribbean over the last decade, Mexico has remained closely tied to the United States, both in economic and security affairs. The degree to which Mexico has…

Mexico Begins Debate On Massive Oil Overhaul

Agence France Press, via BusinessInsider.com, June 11, 2014 Mexico’s senate began discussions Tuesday on enabling legislation to implement historic constitutional reform opening the country’s oil industry to foreign investment for the first time since 1938. President Enrique Pena Nieto had already signed the controversial measure after it was approved by Congress and ratified by a…

Mexico’s Pemex selling Repsol stake worth $3 bln

By Tracy Rucinski, Reuters, June 3, 2014 MADRID, June 3 (Reuters) – Mexico’s national oil company Pemex will sell a 7.86 percent stake in Spanish oil firm Repsol, worth about 2.2 billion euros ($3.0 billion), Citigroup and Deutsche Bank said on Tuesday. The sale, to be made via an accelerated book build, should be completed…

Mexico courting Canadian investment in newly reformed energy sector

The Canadian Press, June 2, 2014 CALGARY – Mexico is laying out the welcome mat for Canadian companies to participate in its energy sector, which is opening up to outside investment after more than 75 years of government control. A delegation of Mexican government and business officials came to Calgary on Monday to court Canadian…

Energy Watch: Mexico wants Canada’s help on energy reform

Jameson Berkow, Western Bureau Chief, BNN, May 30, 2014 Mexico wants a little help from Canada as the world’s eighth-largest crude oil producer moves toward ending a nearly eight-decade-long state monopoly and open its energy sector to private companies. Early Monday morning [June 2], high ranking officials from the Mexican government will gather at the…

Pemex in Talks for $4 Billion Investment Fund With China

By Adam Williams, Bloomberg News, May 28, 2014 Petroleos Mexicanos, the state-owned oil producer, is negotiating with Chinese companies to create a fund valued at as much as $4 billion to invest and finance projects. The proposed arrangement is in a “final stage of negotiations,” Pemex, as the Mexico City-based oil producer is known, said…

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