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LATEST NEWS |
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| Mexico | [Back] |
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- Oil production a drag on Mexico's peso
Mexican President Felipe Calderon is delivering a grim message: The largest oil producer in Latin America is running out of crude. "Our oil reserves have been consistently falling," and the decline is "severely threatening" government finances, Calderon told a nationwide television audience in an address last month at the National Palace.
- Mexico: UNAM students create “electric taxi”
Students from Mexico’s Universidad Nacional Autónoma de México (UNAM) created an electric taxi that they expect will circulate in and around the Historic Downtown district of Mexico City. The new electric taxi is designed to cover short distances and proposes reducing the emission of contaminants.
- PEMEX issues invitation to tender
Petroleos Mexicanos (PEMEX) issued an invitation to national and international companies to a $1 billion tender. The call includes the execution of operations to drill exploratory and developing oil wells in northern Mexico.
- Repsol cuts back at Mexico gas field
In 2003, Repsol YPF began tapping Mexican natural gas under a contract many viewed as a launching pad for future oil and gas plays in Mexico's tightly held energy industry.
- Chevron offers to train PEMEX workers
Chevron Corp. has agreed to help train Mexico's state-owned oil monopoly in expanding its deepwater oil drilling, Petróleos Mexicanos said on Tuesday.
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