Articles tagged Mexico

The leading oilfield services firms during the second quarter of 2024 reported Latin America drove international revenue growth and forecast “continued strength” from the region’s activity.

Mexico’s natural gas production averaged 3.82 Bcf/d in June, down from 4.35 Bcf/d in the same month last year. Output has been down on a year/year basis each month since the start of 2024, and has fallen sequentially in every month except May.

The ongoing trend of growing natural gas imports into Mexico from the United States will probably continue into the foreseeable future, with significant implications for the country's energy landscape.

North American natural gas prices continued to search for and not find momentum this week. Despite sizzling temperatures and soaring power demand, U.S. natural gas production of around 102 Bcf/d was more than enough to keep prices subdued.

The clock is ticking on Mexico LNG projects as a glut of liquefied natural gas supply is set to hit the market and giant projects advance elsewhere.

Feed gas nominations to the Freeport LNG Development LP facility were revised down Wednesday and Gulf South Pipeline Co. LLC issued a failure to take notice, indicating the facility may have experienced another operational issue, according to Wood Mackenzie pipeline data.

Liberty Energy Inc. CEO Chris Wright said he thinks artificial intelligence (AI) and the return of manufacturing in the United States would bode well for natural gas demand. He also said exports to Mexico would be “increasingly important” and could support the price of U.S. natural gas indexes going forward.

Portuguese construction firm Mota-Engil SGPS, SA said it has signed an agreement with Mexican state oil company Petróleos Mexicanos (Pemex) to build a $1.2 billion fertilizer plant at Pemex’s Escolin complex in Poza Rica, Veracruz state.

Mexico’s President-elect Claudia Sheinbaum has yet to articulate a clear natural gas and energy policy, according to a veteran in the nation’s energy sector.

New Fortress Energy Inc. (NFE) has reportedly achieved first LNG at its export terminal offshore of Altamira, indicating it could be close to loading Mexico’s first export cargo.