Mexico’s Pemex says gasoline, diesel supplies guaranteed

09/20/2017 Reuters

Menergy - gas pumpEXICO CITY, Sept 20 (Reuters) – Mexico’s state oil company Pemex said in a statement on Wednesday that its installations suffered no significant damage from an earthquake on Tuesday, adding that all its operations were normal.

Pemex said that gasoline and diesel supplies are “completely guaranteed” in those states impacted by the quake, adding that there was sufficient inventory at its storage and distribution terminals.

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Mexico’s 2018 Election Could Derail Its Oil Boom

9/17/2017 Oil Price

Three years ago, Mexico opened its energy sector to private investments in a landmark energy reform that ended more than seven decades of monopoly of its state firm, Pemex. Now Mexico has begun liberalizing gasoline prices as well.

After an initially slow start to attracting foreign investment, Mexico’s offshore oil auctions have recently started paying off, after an alliance (including foreign firms) announced a “world class discovery” estimated to hold more than 1 billion barrels of oil in place—one of the major global discoveries in the past five years.

In addition, supermajors Exxon, Chevron, and BP are opening or plan to open their first service stations to tap into the Mexican refined products market. Shell is the latest of Big Oil that entered the retail market, pledging US$1 billion in investment over the next 10 years.

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Quake, Blackout, Breakdowns Cripple Mexico’s Refinery Capacity

energy - oil pumps09/14/2017 Bloomberg

Mexico’s drivers may pay more for fuel after a power failure hit a second refinery the same week that the strongest earthquake in more than a century shut the nation’s biggest plant.

Cadereyta, in the northern state of Nuevo Leon, may not be fully operational until Friday following a blackout in northern Mexico on September 10, according to a person with direct knowledge of the situation.

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Mexico Temporarily Blocks Higher Ethanol in Gasoline

energy - gas pump09/14/2017 Reuters

MEXICO CITY – A Mexican judge on Wednesday granted a temporary injunction against an increase in the ethanol content in gasoline for domestic consumption to as much as 10 percent, according to an environmentalist involved in the case.

Gabriel Quadri, a former presidential candidate for one of Mexico’s smaller opposition parties who helped file the suit, said the ruling would force the government to keep maximum ethanol content at 5.8 percent for now.

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UPCOMING EVENT | North America Energy Forum 2017

WHEN: Wednesday, September 27, 2017

WHERE: Wilson Center, Washington, DC

Click to RSVP

The Mexico and Canada Institutes cordially invite you to attend the Wilson Center’s 2017 North America Energy Forum. The Forum is now in its fifth year and will focus on the major challenges and opportunities facing energy producers and consumers in the region, with a strong focus on innovation in the energy sector.

8:15 am – 9:00 am: Registration and Continental Breakfast Reception

9:00 am – Welcoming Remarks

9:05 am – 10:00 am – Energy Integration:  Ensure the “friendly” free trade of all energy products throughout North American markets; discuss negotiation of new NAFTA terms and objectives; define energy dominance; enhance North American energy security and independence; envision the future of North America as a fully integrated global energy powerhouse; lessen our reliance on imports from foreign oil-and-gas producing nations; expand upon the collective economic strength of North America.

Moderator:
John Padilla, Managing Director and Partner, IPD Latin America

Panelists:
Alberto de la Fuente, President and General Director, Shell Mexico, S.A. de C.V.
Joanne Alexander, EVP & General Counsel, Encana
Rob Dutton, President, Devon Canada Corp; Chairman, Canadian Assoc. of Petroleum Producers

10:00 am – 10:15 am – Networking Break 

10:15 am – 11:15 am – Energy Regulation: Reduce the regulatory burden on energy producers throughout North America; integrate continent-wide energy regulations and environmental restrictions; develop environmental policies which track the supply chain from production to distribution; expand cross border energy trade; exports to foreign markets including oil, natural gas, LNG, coal and electricity; negotiate trade agreements which benefit North America, not simply the U.S.; develop tax incentives to drive technological innovations across integrated North American platforms.

Panelists:
Carlos de Regules, Executive Director, Energy and Environment Security Agency (ASEA) Mexico
Karen A. Harbert, President/CEO, Global Energy Institute, U.S. Chamber of Commerce
Jim Ellis, President & CEO, Alberta Energy Regulator
Randall Luthi, President, National Ocean Industries Association (NOIA)

11:15 am – 11:30 am – Networking Break 

11:30 am – 12:30 pm – Energy Infrastructure: Integrate the overall energy infrastructure of North America; seek coordinated investment and implementation of “all of the above” energy resources of Canada, Mexico and the U.S., including oil, gas, LNG, wind, solar, coal, hydro, nuclear, and electric grid; encourage energy infrastructure investments and re-boot of U.S. infrastructure spending; understand anti-drilling movements and anti-pipeline activism like “keep it in the ground” and “not in my backyard.”

Moderator:
Daniel Yergin, Vice Chairman, IHS Markit; Founder of IHS CERA

Panelists:
Peter Sheffield, VP, U.S. External Affairs, Enbridge
Toby Mack, President, Energy Equipment & Infrastructure Alliance
Jacob Irving, President, Canadian Hydropower Association

12:30 pm – 1:30 pm – Private Lunch and High-Level Panel – The Future of North America’s Energy Revolution

1:30 pm – 1:45 pm – Networking Break 

1:45 pm – 3:45 pm: Innovation and the Future of Energy: New Fuels, Electric Cars, Hydrocarbons and Smart Grids: Highlight diverse innovations in energy technology that are transforming every sector of the North American energy sphere including improvement in wellhead construction in oil-and-gas; energy efficiencies in implementation of the electric grid, utilities, solar fields and wind farms; cutting-edge research into clean fuels; LNG; driverless cars; autonomous fleet vehicle systems; innovative designs of diesel engines; battery storage; solar rooftops; wireless transmission of energy; “infrastructure-as-a-service” and PV manufacturing.

Panelists:
Derek Leathers, President and CEO, Werner Enterprises (Member of CANACAR)
Tom Linebarger, Chairman and CEO, Cummins Inc.
Hector Olea, President and General Director, Gauss Energia (Mexico)
William McCaffrey, President and CEO, MEG Energy (Canada)
Gitane De Silva, Alberta’s Senior Representative to the U.S.
Ira Ehrenpreis, Managing Partner, DBL Partners; Board of Directors, Tesla
Maj. Gen. Richard Devereaux, (Ret.) USAF; EVP, Texzon Technologies

2:45 pm – 3:00 pm- Networking Break

3:45 pm – 4:00 pm – Closing Keynote Speaker

Ira Ehrenpreis, Managing Partner, DBL Partners; Board of Directors, Tesla

4:00 pm – 4:10 pm: Closing Remarks by Duncan Wood and Laura Dawson 

Co Sponsored by: 

 

Organized by Senior Advisor, Carl Colby.  

* Additional speakers will be announced soon. Please check our website for updates. 

NAFTA Talks Called Opportunity to ‘Lock In’ Mexican Energy Reforms, U.S. Gas Trade

09/11/2017 Natural Gas Intel

The North American Free Trade Agreement (NAFTA) renegotiations are an opportunity to update the 1994 treaty so that it reflects changes in Mexico’s oil and natural gas sector and deepened ties to Canada and U.S. energy markets, according to analysts.

“North American energy markets have changed, and there are the new reforms in Mexico,” BDO Mexico’s Rita Mireya Valdivia Hernandez, a partner in the tax practice, told NGI.  “We need to adapt or modify NAFTA so that it is aligned with what North America is today.”

Talks to hammer out the details of a new NAFTA began in mid-August with the first of seven negotiating rounds scheduled through December. Delegates from the United States, Mexico and Canada met again in early September, while the third round is scheduled for Sept. 23-27.

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Mexico seeks to bolster ties with UAE, attract investment

09/07/2017 Gulf News

UAE Flag

(Gulf News) – Abu Dhabi: Mexico seeks to continue bolster ties with the UAE and attract investments in some of the vital sectors of the economy including energy, infrastructure and tourism, the country’s ambassador to the UAE told Gulf News in an interview.

“We want more investments and we want to work very hard with the authorities in the UAE on this. Energy sector in Mexico among others could be ideal for investment especially after reforms to open the industry for foreign investment,” said Francisca Elizabeth Mendez Escobar.

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