Tag: Mexico

Tuesday, December 12th 2017 - 10:47 UTC
Mexico and Brazil compete for investors in deepwater projects

Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected.
Tuesday, December 5th 2017 - 08:41 UTC
Mexican frontrunner considers an amnesty for drug-cartel leaders

With less than seven months left for Mexico’s presidential election, the leading candidate caused controversy when he announced a willingness to forgive cartel leaders’ crimes to restore peace throughout the nation.
Wednesday, November 29th 2017 - 08:04 UTC
Mexican ruling party unveils presidential candidate in the July election

Finance minister Jose Antonio Meade threw his hat in the ring to become the presidential candidate of Mexico’s ruling party in the July 2018 election, hours after resigning his post as finance minister.
Monday, November 27th 2017 - 09:09 UTC
Mexico creates the largest marine protected area in North America

Mexico’s president, Enrique Peña Nieto, signed a decree creating a massive marine reserve, spanning 57,000 square miles around the four Revillagigedo Islands—a volcanic archipelago 240 miles southwest of the Baja Peninsula. The reserve is the largest marine protected area yet created in North America.
Thursday, November 16th 2017 - 10:00 UTC
UK supports Mexico in the implementation of the energy sector reform

United Kingdom Foreign Secretary Boris Johnson, announced during the visit of the Mexican Minister of Foreign Affairs, Luis Videgaray, that the UK is developing plans for new bilateral Prosperity programming of up to £60 million to support Mexico’s economic development and reform.
Wednesday, November 8th 2017 - 05:06 UTC
Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.
Tuesday, October 24th 2017 - 22:50 UTC
Mexican government struck by Odebrecht's bribe money

Mexican President Enrique Peña Nieto faces a tough choice on whether to pursue a graft probe involving a prominent ally and Brazilian construction firm Odebrecht.
Wednesday, September 27th 2017 - 06:18 UTC
NAFTA: Trudeau predicts “tough days ahead” ahead for negotiators

The top U.S. negotiator at talks to modernize the NAFTA trade pact dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks.
Wednesday, September 20th 2017 - 07:17 UTC
Powerful wide ranging earthquake kills at least 200 in Mexico; thousands flee in panic

A powerful earthquake shook central Mexico on Tuesday, collapsing buildings in plumes of dust and killing at least 200 people. Thousands fled into the streets in panic, and many stayed to help rescue those trapped.
Sunday, August 27th 2017 - 09:28 UTC
Guilford will export 90 iconic red double-decker buses for Mexico

UK-based vehicle manufacturing outfit Alexander Dennis will be exporting 90 iconic red double-decker buses to Mexico, the company confirmed on Wednesday. The contract was backed by an equivalent £44m finance deal via UK Export Finance – part of the Department for International Trade - which has provided £1.7bn of backing to businesses since the department's creation in 2016 to “help businesses export post-Brexit”.