The Sierra Club filed a motion to oppose a $1.5 billion pipeline by Houston-based Spectra Energy Corp. (NYSE: SE) to deliver natural gas from the Eagle Ford Shale to customers in Mexico.Just a few hours ahead of a Dec. 23 deadline for public comment, Sierra Club attorney Nathan Matthews filed a motion to intervene with the Federal Energy Regulatory Commission to oppose the Valley Crossing Pipeline.
Source: Sierra Club files motion to intervene in Valley Crossing Pipeline’s FERC application – Houston Business Journal
U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy.The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on the United States for strategic energy supplies and providing business worth more than $15 billion a year to refiners such as Valero (VLO.N), Marathon Petroleum (MPC.N) and Citgo Petroleum.The rise in Mexico’s fuel imports reflects an economy that, after expanding for 27 quarters in a row even amid a public austerity plan, has been unable to increase its refining output to satisfy the consistent growth of its energy demand.It has led to rapid reversal in energy trade between the two countries. In 2016, crude exporter Mexico will be a net oil importer from the United States for the first time as shipments of refined fuel heading south outnumber shipments of crude to the north, according to the U.S. Energy Information Administration (EIA).
Source: U.S. refiners cash in on Mexico’s record fuel imports | Reuters
La norteña ciudad de Nuevo León se beneficiará de la cercanía con la frontera y con la refinería de Cadereyta, para tener precios máximos menores a los que tendrá la Ciudad de México, de acuerdo con datos publicados por Hacienda.
Source: Monterrey tendrá gasolina más barata que la CDMX | El Financiero
Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump.
Source: Mexico gasoline prices to rise up to 20.1 percent in January
The 2nd Mexico Infrastructure Projects Forum (www.mexicoinfrastructure.com) is a two-day infrastructure event that will take place in Monterrey, México on January 18 and 19, 2017. Organized by Industry Exchange, the event will focus on Mexico´s most crucial infrastructure, clean energy, hydrocarbons and transportation industry investment opportunities and will bring together high-level industry executives from the private and public sector, multi-lateral development banks, and project sponsors from Mexico, the United States, Canada and Europe. Register before November 30 for the 2nd Mexico Infrastructure Projects Forum in Monterrey and save U$400.
Mexico’s energy reform is expected to help turn around the country’s declining production. The end of PEMEX’s monopoly in Mexico’s energy sector will allow foreign direct investment that should revitalize the oil and gas industry and begin to increase oil production within the next three to four years.
Source: Mexico’s energy reform to reverse declining oil production | Tank Storage Magazine
Rangeland Energy (“Rangeland”) recently announced that it has initiated development of the South Texas Energy Products System (“STEPS”). STEPS is an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico. During the initial phase of the project, refined products and LPG will be received in the Corpus Christi terminal then shipped to inland terminals located in Mexico. In subsequent phases, marine facilities in Corpus Christi will be added to the system, along with the infrastructure to accommodate additional commodities including crude oil, condensate and fuel oil. The STEPS project will expand upon and leverage Rangeland’s successful track record of developing similar infrastructure in the Bakken Shale and Permian Basin.
Source: Mexico Infrastructure Finance and Business Review | Rangeland Energy Develops South Texas Energy Products System (STEPS) for Mexico Refined Fuels Transport
After years of delay, Mexico could open up its vast shale oil fields to U.S. drillers as soon as next year, the Mexican secretary of energy said Friday. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and academics at Rice University, said that the long-suspended auctions for northern Mexico’s shale fields could reopen after the first quarter of 2017. “Everything will be ready by March,” he said. The fields could provide Houston oil companies with nearby and ready-made opportunities for expansion. Much of it is essentially an extension of the Eagle Ford reservoir, which stretches from central Texas and into Mexico. Local companies, familiar with the geology and now experts in hydraulic fracturing, could be first in line to develop the fields. Mexico, in the middle of sweeping energy reform, is holding auctions to sell the rights for private companies to drill in its untapped oil fields. The country has gathered more than $22 billion in private sector commitments so far, on projects ranging from oil drilling to pipelines to power plants.
Source: Mexican shale fields may open next year – MRT.com: Oil & Gas