Deep-Water Oil Explorers Push Ahead in Mexico

By Amy Stillman (Bloomberg) -- International oil companies including Malaysia’s Petronas, U.S. independent Murphy Oil Corp. and Spain’s Repsol SA are pushing ahead with plans to develop Mexico’s deep-water fields, as they face criticism from the government that they aren’t moving fast enough. “We’re not out there just sitting on acreage and waiting,’’ said Adam Seitchik, … [Read more...]

Opinion: Trans-Pacific Beneficial Cargo Owners Deserve 18,000 TEU+ Container Vessels

By Albert A. Melvin (Opinion) - The deployment of 18,000+ Ultra Large Container Vessels in the Trans-Pacific trade would substantially decrease the operating costs of shippers, consignees and ship owners. There is a proposed port in Sonora, Mexico that has the potential of being the first purpose-built port in North America capable of handling, on a steady basis, the largest … [Read more...]

Opinion: American LNG, Oil and Coal to China via Mexico

By Albert A. Melvin (Opinion) - The USA, China, and Mexico have an excellent trans-Pacific trade opportunity that can greatly benefit all three countries for the next 25 years and potentially beyond. The key is a state of the art, deep-water port in Sonora, Mexico taking advantage of the naturally deep water in the Sea of Cortez. This proposed port would be very similar, … [Read more...]

Mexico Oil Auction Winners Stay Positive as Industry Slows Down

By Amy Stillman (Bloomberg) -- Mexico’s oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a feature of the country’s political transition and won’t be permanent. "We have expectations that things will pick up again and continue,” said DEA Deutsche chief executive officer Maria Moraeus Hanssen. The company expects … [Read more...]

300 Pacific Ocean Sea Turtles Dead Off Mexican Coast

by Jose Cortes (Reuters) - About 300 endangered sea turtles were found dead off the southern coast of Mexico on Tuesday, trapped in fishing nets, shortly after more than 100 dead turtles were recovered. Fishermen in the southern state of Oaxaca discovered the turtles in the seaside community of Barra de Colotepec, said Heliodoro Diaz, the coordinator of the state’s … [Read more...]