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07.08.26 - 04:42
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Mexico Bans Fracking In Key Shale Basin (ZeroHedge)
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Mexico Bans Fracking In Key Shale Basin
By Julianne Geiger of OilPrice.com
Mexico has ruled out fracking in a key shale basin, drawing a line through a resource-rich area even as the country looks for ways to cut its dependence on U.S. natural gas.
President Claudia Sheinbaum said hydraulic fracturing will not be allowed in the Tampico-Misantla basin beneath Veracruz and Tamaulipas. The government cited the basin's dense population, indigenous communities and freshwater reserves.
Sheinbaum ordered a panel to examine whether unconventional gas could help reduce imports from the United States. Mexico buys more than 6.5 billion cubic feet per day of pipeline gas from its northern neighbor, covering roughly 75% of domestic demand.
The commission recommended boosting conventional gas production first. Even with the proposed measures, Mexico's reliance on U.S. supply would fall only to about 50%, according to Sheinbaum.
Mexico would need unconventional gas to push that figure lower. The panel said...
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30.04.26 - 09:24
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Young: OPEC Exit is UAE Taking an Independent Stance (Bloomberg)
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The UAE's decision to quit OPEC has been driven by its worsening rift with Saudi Arabia. Abu Dhabi is now also considering its membership of regional bodies, including the Arab League and the Organization of Islamic Cooperation, and is reassessing its role in the GCC. Karen Young, Senior Research Scholar in the Center on Global Energy Policy, Columbia University spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the oil market reaction to this move.
Original filename: 20260430_052530_UAE_s_Departure_from_OPEC_Raises_Geopolitical_Questions_Amid.mp4 (Source: Bloomberg)...
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20.04.26 - 21:30
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Climate groups sue US government over approval of new BP project in Gulf of Mexico (The Guardian)
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Advocates expressed alarm as new project drills deeper into ocean bed, pointing to company's failures at Deepwater Horizon spillSign up for the Breaking News US email to get newsletter alerts in your inboxEnvironmental groups have sued the Trump administration over its approval of BP's huge new ultra-deep oil drilling project in the Gulf of Mexico, 16 years to the day since the company's Deepwater Horizon disaster caused the worst oil spill in US history. Continue reading......
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10.04.26 - 16:24
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Mexico′s "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire (ZeroHedge)
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Mexico's "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire
One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month.
The Dos Bocas refinery, built by Pemex in the southeastern state of Tabasco, is the crown jewel of Mexico's push to reduce dependence on imported gasoline and diesel, especially from U.S. exporters in the Gulf of America. It cost about $21 billion to build and was a major energy project under former President Andrés Manuel López Obrador.
20 mil millones de dólares costo esta basura de Dos Bocas, una gran parte se fue en corrupción y hoy nuevamente de incendia. Para eso quieren el ahorro de las Afores para seguirlo desperdiciando. pic.twitter.com/YluvShvCu4
— (Kizmar) (@antonioaranda_) April 10, 2026
Reuters reports that a fire broke out in the refinery's coke storage area on Thursday afternoon. This area is w...
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