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08.08.25 - 21:15
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production (ZeroHedge)
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production
By Tsvetana Paraskova of OilPrice.com
In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking.
Petroleos Mexicanos, or Pemex, the world's most indebted energy firm, has seen declines in its output in recent years as old shallow-water conventional fields mature.
Now the government and its state-controlled energy giant want to revitalize production via fracking, Reuters reports, citing the revitalization plan.
In the late 2010s, then-President Enrique Peña Nieto sought to open shale basins, including the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies.
However, Peña Nieto's successor, Andrés Manuel López Obrador, cancelled the contracts. Former president Lopez Obrador ruled out fracking during his...
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06.06.25 - 04:18
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US Energy Strategy Hinges On Mexico (ZeroHedge)
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US Energy Strategy Hinges On Mexico
Authored by Haley Zaremba via OilPrice.com,
The United States and Mexico have a vital energy trade relationship, with U.S. natural gas exports to Mexico increasing dramatically in recent decades, creating a high level of economic interdependence.
Experts argue that the energy trade between the U.S. and Mexico is so crucial for both nations' economies that it may be largely shielded from tariff threats, which are possibly being used for diplomatic leverage.
The U.S. strategy of near-shoring its energy supply chains heavily involves Mexico, making the maintenance of good relations between the two countries' leaders essential for both nations' economic and energy goals.
Tariff whiplash under the Trump administration has raised a lot of concerns about the United States' relationship with its first- and second-largest trading partners, Canada and Mexico. This is especially true for energy trade, which all members of the United States-Mexico-Canad...
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20.04.25 - 17:30
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In The Holiday Shortened Easter Week, These Large-Cap Stock Were Top Performers (Apr 14-Apr 18): Are These In Your Portfolio? (Benzinga)
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Top performers last week: ServiceTitan, Summit Therapeutics, YPF, Eli Lilly, MicroStrategy, America Movil, Ericsson, Insmed, Diamondback, Neurocrine Biosciences.
read more...
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14.04.25 - 17:09
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Im Golf von Mexiko: BP entdeckt neues Ölvorkommen (N-TV)
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Zuletzt hat der britische Ölkonzern BP mit der Ankündigung für Schlagzeilen gesorgt, dass das Unternehmen seine Ausgaben für erneuerbare Energien massiv kürzen will. Stattdessen steckt BP mehr Geld in die Erkundung möglicher Vorkommen von fossilen Brennstoffen - und hat damit Erfolg....
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