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LATEST NEWS |
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| Mexico | [Back] |
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- Mexico takes legal steps for GOM oil claim
The Mexican government said it has taken legal steps to solidify its claim and help start oil exploration in a section of the Gulf of Mexico outside standard territorial limits.
- EMS Group wins 10-year, $400 million PEMEX contract
Energy Maintenance Services Group I, LLC (EMS) and its wholly owned subsidiary EMS Energy Services Mexico have been awarded a ten-year, $400 million contract by Pemex to provide pipeline maintenance and associated services.
- PEMEX announces investment budget for 2008
In a presentation to the Mexican Chamber of Industry and Construction, Jesús Reyes Heroles G.G., the General Director of Petroleos Mexicanos (PEMEX) revealed details of some of his company’s main investment projects for 2008.
- Mexico has potential oil reserves of 53.8 billion barrels
Mexico has potential oil reserves of some 53.8 billion barrels, with most of that petroleum located in the deepwater Gulf of Mexico, but it will have to invest about $14.5 billion annually to exploit the hydrocarbons, the Energy Secretariat said.
- Enel acquires Mexican power plants for $156 million from Conduit Capital
Conduit Capital Partners LLC, a private equity investment firm focused on the independent electric power and energy industry in Latin America and the Caribbean, announced the sale of Latin Power II’s 70% stake in Inelec, a portfolio of three hydroelectric power plants in Western Mexico that together generate 52 MWs of energy.
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