Trump’s Mexican Tariffs Could Hit U.S. Refiners Hard

By Collin Eaton HOUSTON, May 31 (Reuters) - U.S. President Donald Trump's threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. refiners that use Mexican oil by boosting prices, and raising concerns about potential retaliation by the world's biggest buyer of U.S. energy products. Mexico sends 600,000 to 700,000 barrels of oil to … [Read more...]

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...]