Category: Energy

Nuevo Leon ranks second in solar energy

NUEVO LEON – Nuevo Leon ranks second nationally in electrical energy contracts through the installation of solar panels, only after Jalisco, an entity that leads in this figure known as Distributed Generation José Emilio Caballero, CEO of...

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New Mexico’s oil and gas industry will recover ‘incrementally’

NEW MEXICO – New Mexico’s oil and gas industry continues to recover following the hit taken from COVID-19 and a production war in the Mideast that caused a glut in supply Since plummeting in April due to travel restrictions, barrel prices...

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Wind energy generated US$3 billion in Tamaulipas

TAMAULIPAS – Wind energy has generated investments in Tamaulipas for more than US$3 billion, said the governor, Francisco Garcia Cabeza de Vaca, who assured that the entity has managed for the largest company of wind turbines to be installed in...

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Sonora will sell lithium to Asian companies

SONORA – All of the lithium Bacanora Minerals Ltd extracts from its Sonora project will be sold in full to Ganfeng and Hanwa companies in China and Japan, respectively, over the next 10 years, said Peter Secker, the company's general...

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U.S. energy exports to Mexico near record-high levels

US – The United States exported crude oil, petroleum products, and natural gas to Mexico worth nearly US$34 billion in 2019, just shy of the record-high value of energy exports in 2018, the US Energy Information Administration (EIA)...

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Navajo energy company to acquire shares in coal power plant

Albuquerque, NM – The Navajo Nation would expand its investment in coal-fired electricity generation as part of a plan to acquire more shares in one of the Southwest’s last remaining coal power plants The Navajo Transitional Energy Co has...

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Exxon and Chevron to cut U.S. jobs

NEW YORK – Exxon Mobil is slashing 1,900 jobs from its US workforce, and Chevron plans to cut a quarter of the employees at its recently-acquired Noble Energy as the pandemic saps demand for fuel Exxon said the reductions will be both...

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State commission approves power plant in El Paso

EL PASO, TX – A project to build a new gas-fired power generation unit, which would be extracted using the fracking technique, continues to move forward in El Paso The Public Utility Commission of Texas (PUCT) approved in Austin, TX, El Paso...

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New Mexico allocates US$75 million to renewable energy sidecar fund

NEW MEXICO – New Mexico State Investment Council, Santa Fe, committed up to US$75 million to Brookfield Infrastructure Fund IV Renewable Power Sidecar Fund, managed by Brookfield Asset Management, said Charles Wollmann, spokesman for the...

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Industry will continue to lead the way on environment

TEXAS – BP reported oil demand will decline even as energy demand increases, the energy giant continues to diversify into the renewables energy market "The ultimate impact on the industry remains to be seen," said Todd Staples, president of...

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