December 3, 2013
In the U.S.-controlled area of the Gulf of Mexico, oil companies extract more than 300,000 barrels of crude per day from deep-water wells. In Mexico’s area: zero.
That statistic is just one of several pushing the Mexican government to embark on an ambitious (not to mention politically treacherous) change to its constitution, which would allow foreign investment in Mexico’s oil industry for the first time in 75 years.
“We have to evolve,” said Carlos Morales, head of the exploration and production for Pemex, short for Petroleos Mexicanos, the country’s government-controlled oil monopoly.
October 22, 2013
The Hill, 10/21/2013
An influential oil industry group is no longer pressing the House to include waivers from part of the Dodd-Frank law in legislation to implement a 2012 U.S.-Mexico offshore drilling accord.
The American Petroleum Institute’s stance could help win enactment of the Senate version of the bill to implement the U.S.-Mexico Transboundary Hydrocarbons Agreement, which recently passed without opposition and does not provide a Dodd-Frank exemption.
September 19, 2013
The Miami Herald, 9/18/2013
Prices for natural gas over the border in Texas are at historic lows, so what happened earlier this month at the Gulf of Mexico port of Altamira, Mexico, might seem to defy market logic.Huge tankers arrived from distant Yemen and Nigeria to offload liquefied natural gas at a price four times the market rate for natural gas in the United States.
At Mexico’s two other liquefied natural gas terminals, on the Pacific coast, the same phenomenon occurs, with expensive liquefied gas arriving from Peru, Indonesia and even Africa. It’s a sign of Mexico’s enormous energy crisis, even as oil remains the mainstay of the country’s economy. Mexico has huge natural-gas reserves, yet those reserves are largely untapped, and the nation is a net importer of the fuel.Abundant supplies of natural gas at low prices lie just across the border, but U.S.-Mexico pipelines are already handling all they can.
July 19, 2013
Mexican authorities investigating the deaths of at least 250 rays found on a beach say they are studying whether work being done by the country’s national oil company in the Gulf of Mexico might have been involved.
Veracruz state fishing director Tomas Rubio says his office will try to determine if the rays were poisoned or otherwise affected by Petroleos Mexicanos. Rubio said Wednesday that there is no evidence so far Pemex caused the deaths.
July 1, 2013
The Durango-Mazatlan Highway is one of Mexico’s greatest engineering feats, 115 bridges and 61 tunnels designed to bring people, cargo and legitimate commerce safely through a mountain range known until now for marijuana, opium poppies and an accident-prone road called the Devil’s Backbone.
Even those protesting the project say the 230-kilometer-long (140-mile) highway, expected to be completed in August, will change northern Mexico dramatically for the good. It will link port cities on the Gulf of Mexico and the Pacific by a mere 12-hour drive, and Mazatlan with San Antonio, Texas, in about the same time. The highway will eventually move 5 million vehicles a year, more than four times the number on the old road, plus more produce and goods from Asia to the Mexican interior and southern U.S.
April 30, 2013
More than a year after the United States and Mexico signed a much-lauded deal that would remove obstacles to expanding deepwater drilling for oil in the Gulf of Mexico, the agreement still has not been finalized by the United States. The delay, for which people close to the administration blame Congress while Republicans in Congress blame the administration, is certain to be discussed when President Barack Obama visits Mexican President Enrique Pena Nieto in Mexico City on Thursday.
Mexico immediately ratified the pact in April 2012, but the United States has so far been unable to pass a simply worded, one-page law to put the agreement into force. The deal, formally known as the Transboundary Hydrocarbons Agreement, provides legal guidelines for deepwater drilling in the 1.5 million acres of the Gulf that straddle the U.S.-Mexico boundary.
April 23, 2013
A legislative hearing will take place Thursday in Washington D.C. as lawmakers consider a bill that would lift the current moratorium on drilling along the U.S.-Mexico maritime border in the Gulf of Mexico.
H.R. 1613, the Outer Continental Shelf Transboundary Hydrocarbon Agreement Authorization Act, would amend the Outer Continental Shelf Lands Act and implement the terms of the U.S.-Mexico Transboundary Hydrocarbon Reservoirs Agreement. That agreement, signed in February 2012 by then Secretary of State Hillary Clinton and Mexico’s Minister of Foreign Affairs Patricia Espinosa Castellano at the G-20 Summit in Los Cabos, Mexico, would govern development of shared oil and natural gas resources in the U.S. Gulf between the United States and Mexico maritime border.
October 31, 2012
10/31/12, Herald Online
HOUSTON — The Gulf of Mexico, more than any other major deepwater region in the world, has experienced massive changes in the last five years with long-term implications for the future of the region and the GoM’s supply & demand effects on the global deepwater oil and gas market. The worldwide financial crisis and subsequent recession, shale gas’ implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the region. Despite those overwhelming obstacles, the U.S. GoM’s future is bright with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.
October 24, 2012
British energy company BP said it signed an agreement with Mexico’s Pemex to share oil-spill response technology for work in the Gulf of Mexico.
BP, in response to the oil spill in 2010, maintains a deep-water well capping system that can operate in 10,000 feet of water. The company said it keeps the system on hand in Houston for global deployment.