7/19/2017 Reuters
U.S. refiner Tesoro Corp could begin transporting gasoline and diesel through the pipeline network owned by Mexico’s national oil company Pemex in September, an executive with the Mexican firm said on Wednesday.
On Tuesday, Tesoro signed three-year contracts with Pemex to use surplus capacity on Pemex pipelines and storage facilities in the northern border states of Baja California and Sonora, capacity won by the U.S. refiner at auction in May.
“Tesoro has to notify Pemex at least 30 days before the arrival of its first cargo, and so this implies that by the beginning of September we would expect to receive the first cargo,” said Ignacio Aguilar, director of Pemex Logistics.
MEXICO CITY (Reuters) – Mexico will announce later this week the bid terms and blocks up for grabs in its next deepwater oil tender, which may include the first areas from the Cordilleras Mexicanas basin, a senior official said on Monday.
Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.
MEXICO CITY, July 13 (Reuters) – Mexico’s oil regulator approved on Thursday a force majeure request from Canada’s Renaissance Oil Corp that will allow the firm to suspend operations at its onshore Ponton area while a dispute over environmental damages at the site plays out.
MEXICO CITY (Reuters) – Promising to promote cross-border electricity trade and investment, U.S. Energy Secretary Rick Perry said on Thursday that “Mexico’s prosperity is inextricably intertwined with our prosperity.”
MEXICO CITY, July 13 (Reuters) – Mexico auctioned 21 of 24 onshore oil and gas blocks on offer on Wednesday to investors from North America and Asia including tycoon Carlos Slim and Mexican newcomer Jaguar, anticipating a substantial boost for natural gas output.
When Mexico gambled on ending decades of state control of its energy industry, officials said they hoped the move would promote investment and give the country access to technical expertise. That wager now appears to be paying off.