Mexican media reports indicate that the country’s Secretariat of Energy (SENER) is planning to copy an approach used by the U.S.-based Bureau of Ocean Energy Management (BOEM), in which multiple oil and gas blocks are auctioned off at once, when it unveils new auction plans in a few weeks.
February 17, 2017, 10 AM MST
Alberta’s Climate Leadership Plan will be bad news for consumers, as they pay more for greener electricity from a power generation fleet free of old king coal, but the big winners will be natural gas producers.
February 15, 2017, 6 AM MST
Mazatlan — Jim Carr, Canada’s Natural Resources Minister, told reporters yesterday, at the tail end of a visit to Mexico to advance trade relations between the two countries, he believes it’s possible the energy sector links between the three countries involved in NAFTA will be spared if the trade deal is reworked.
February 3, 2017, 7:25 AM MST
A decision on whether to proceed with the front end engineering design (FEED) stage for a new $3.8 billion-$4.2 billion petrochemical plant to be built in Sturgeon County, northeast of Edmonton, will be made in 30 days — but executives with one of the partners in the project seem confident the plant will be built.
January 27, 2017, 4:27 AM MST
Although it has just launched a project to more than double crude oil storage capacity at its Edmonton Terminal, the chief executive of Gibson Energy Inc. said the company is already contemplating further expansion.
January 27, 2017, 10:15 AM MST
In what it’s calling a “transformational acquisition” Calgary-based midstream giant AltaGas Ltd. confirmed Wednesday — in an announcement that came as no surprise to those familiar with the company — that it will acquire Washington, D.C.-based WGL Holdings Ltd. for C$8.4 billion.
January 26, 2017, 6 AM MST
Mazatlan — Protests, including blockades of fuel terminals and highways, continue throughout Mexico as angry citizens react to what is being called “gasolinazos” after gasoline and diesel prices rose, a consequence of the end of an oil and gas monopoly in the country.
January 6, 2017, 6 AM MST
The head of the company now building the first new refinery in Canada in 30 years says the economic arguments in favour of moving ahead with the next two phases of the project are better than when it was first designed a decade ago and he’s now hopeful all three phases will be built.
January 5, 2017, 6 AM MST
The success earlier this month of the first farm-out by Mexico’s state-owned Petroleos Mexicanos (Pemex) for a deep Gulf of Mexico block has been a “game-changer” for the country’s oil and gas reform, says a spokesman for a Canadian junior that is active in the country.
December 19, 2016, 9:25 AM MST
The federal approval of the proposed Trans Mountain Pipeline expansion and Line 3 Replacement Program will benefit a diverse group of Canadian service and supply companies, says the association that represents them.
December 9, 2016, 8:57 AM MST
Mazatlan, Mexico — Monday was “a great day for Mexico,” after the auction of 10 deep offshore Gulf of Mexico blocks was deemed a success and interest in a partnership with state-owned Petroleos Mexicanos (Pemex) in another offshore block led to aggressive bidding, says an oil and gas analyst.
December 6, 2016, 8 AM MST
Mazatlan, Mexico — Today’s auction for deep oil and gas blocks in Mexican waters in the Gulf of Mexico will likely lead to bids for most or all of the 10 fields being offered, say Latin American energy experts.
December 5, 2016, 7:50 AM MST
As a fourth generation Kamloops, B.C. native and executive director of a local business association, Steven Puhallo knows what makes his hometown’s economy tick—which is why he and the group he speaks for are such strong supporters of the proposed Trans Mountain pipeline.
November 30, 2016, 6 AM MST
November 29, 2016, 3:19 PM MST
November 28, 2016, 6 AM MST
Mazatlan — Mexico’s state-owned oil and gas company, Petroleos Mexicanos (Pemex), faces “insolvency” according to a senior analyst with credit assessing firm Fitch Ratings Inc. — and the election last week of incoming president Donald Trump won’t help.
November 15, 2016, 6 AM MST
Mazatalan — Wilbur Ross, a billionaire U.S. investor, who is a senior economic advisor to president-elect Donald Trump — and who has been touted as the country’s next treasury secretary — says people who worry about Trump’s trade practices leading to a worldwide depression are mistaken.
November 9, 2016, 11:25 AM MST
Mazatlan — When a large university in the U.S. announced recently it was establishing a campus in Mexico, the first U.S.-based post-secondary institution to do so, it was big news in Mexico.
November 8, 2016, 6 AM MST
Mazatlan — While Canadians and Americans have been focused on a presidential election in the United States, where Republican Party candidate Donald Trump and Democrat Hillary Clinton having been engaged in one of the most contentious federal elections in that country’s history, there’s been another presidential battle unfolding down Mexico way.
November 7, 2016, 8:14 AM MST
November 7, 2016, 10:20 AM MST
Pacific Exploration & Production Corporation, the former Pacific Rubiales Energy Corp., a company focused on oil and gas development on Colombia, which earlier this year declared it could not repay its debt of US$5.3 billion and announced plans to restructure that debt, announced yesterday it has successfully completed that restructuring.
November 3, 2016, 7:18 AM MDT
Mazatlan — It seems very unlikely Mexico’s Secretariat of Energy (SENER) and other government agencies will comply with a demand from a consortium of environmental groups for a ban on fracking in the country, with a government official telling the Daily Oil Bulletin Mexico is “very early” in its use of the technology.
November 2, 2016, 6 AM MDT
Spokespersons for Canadian-based oil and gas producers that have moved into Mexico, as the country ends the 80-year-old oil and gas industry monopoly of Petroleos Mexicanos (Pemex), are hailing a new report from the International Energy Agency (IEA) that says the reform will prevent a loss to the country’s economy totalling US$1 trillion by 2040.
October 27, 2016, 6:56 AM MDT
Mazatlan — An anti-fracking group in Mexico has called on the country’s Secretariat of Energy (SENER) to revoke the authorization for Petroleos Mexicanos (Pemex) to utilize fracking in five blocks located in the Tampico-Misantla basin, where two Canadian companies have won the rights to develop oil and gas in two blocks located in the country’s most promising unconventional resource area.
October 21, 2016, 8:18 AM MDT
Calgary-based Renaissance Oil Corp. is receiving “some of the best prices in North America” for natural gas it’s producing in the southeastern Mexican state of Chiapas, says a company spokesperson, who says geography is the key for the company, since gas imports from the U.S. can’t compete with its production.
October 18, 2016, 6 AM MDT