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Keyword: mexicooil

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  • Recently announced crude oil swaps with Mexico likely to provide economic and environmental benefits

    08/27/2015 10:29:10 AM PDT · by thackney · 20 replies
    Energy Information Administration ^ | August 26, 2015 | Energy Information Administration
    Recently announced crude oil swaps with Mexico likely to provide economic and environmental benefits Under licenses approved earlier this month by the Bureau of Industry and Security (BIS), an office within the Department of Commerce that administers export controls on crude oil, volumes of crude oil produced in the United States and Mexico up to the approved volume cap will be exchanged. These swaps will likely involve U.S light sweet crude, such as the growing output from shale formations in the United States, and Mexican heavy sour crude. The approved swaps are expected to be both economically and environmentally beneficial...
  • Oil company Pemex has biggest exploration success in 5 years

    06/11/2015 5:32:37 AM PDT · by thackney · 1 replies
    Financial Times ^ | June 11, 2015 | Jude Webber
    Mexican state oil company Pemex announced five new shallow­water discoveries in the Gulf of Mexico in what it said was its biggest exploration success in five years. Emilio Lozoya, Pemex chief, made the announcement at the inauguration of a national oil and gas conference one month before Mexico’s historic first oil and gas tender. The July 15 auction, of 14 shallow­water exploration blocks in the same area as the new discoveries, is expected to signal the start of billions of dollars in private investment flowing into the sector. “The certain prospect of 200,000 extra barrels of production is very good...
  • This Deal Could Completely Change North American Energy Dynamics

    05/05/2015 11:41:05 AM PDT · by Opintel · 9 replies
    Oilprice.com ^ | 05-05-2015 | NorthAmericanResources
    The United States is edging towards an historic agreement to swap crude oil with Mexico. The deal is important as it brings some relief to US producers struggling with a light oil glut at home and for Mexican national oil company, Pemex, which is hoping to mix the lighter crude coming out of US shale fields with its heavier blend. However, the arrangement is not just about the relationship between the US and Mexico. It’s also about broader North American energy integration. And critically, many experts see the deal as another crack in the US crude oil export ban. The...
  • Explosion at Pemex headquarters, workers injured

    01/31/2013 4:32:12 PM PST · by JerseyanExile · 32 replies
    Yahoo News ^ | January 31, 2013 | Michael Weissenstein
    <p>An explosion at the main headquarters of Mexico's state- owned oil company in the capital Thursday heavily damaged three floors of the building, sending hundreds into the streets and a large plume of smoke over the skyline. Local media reported that at least one person had died and about 40 were injured.</p>
  • Salazar: Congress Should Ratify Mexico Offshore Oil Pact This Year

    04/25/2012 7:27:22 PM PDT · by Rabin · 8 replies
    Dow Jones Newswires ^ | Tuesday, April 24, 2012 | Ryan Tracy
    The agreement, which would open up an area the size of Delaware to (Mexico's) exploration, has already been confirmed by Mexico's legislature, Salazar said in a speech calling for action on U.S. energy policy. "We shouldn't have to wait to act on the agreement either," he said. "Congress should act."
  • Interior official says rebound from drilling moratorium will be slow

    09/28/2010 10:14:12 AM PDT · by Qbert · 14 replies
    GovExec.com ^ | 9/28/2010 | Olga Belogolova
    Very few offshore oil and natural gas drilling rigs will actually resume activity within the first month the deepwater drilling moratorium is lifted in the Gulf of Mexico, a top Interior Department official said Monday. "Even when the moratorium is lifted, you won't see drilling going on the next day or even the next week," Michael Bromwich, head of the Interior Department's new Bureau of Ocean Management, Regulation, and Enforcement said during testimony in front of the Oil Spill Commission on Monday. He said it would be difficult for the oil and gas industry to comply with new safety requirements,...