Pemex

This week, Exxon Mobil Corporation (NYSE: XOM) reported the discovery of a massive new oilfield in offshore Nigeria that could contain up to one billion barrels of oil. On the surface, the Owowo discovery seems like great news for Exxon and its shareholders, but a number of market analysts have...

Citi raised its 2016 and 2017 earnings-per-share estimate for Kansas City Southern (NYSE: KSU) as well as its price target, basing its actions on the Mexican fuel tax credit. The credit, according to Citi, is likely to help the already solid growth story of the freight rail transportation company....

Hurricane Patricia could be the strongest storm ever to make landfall. The storm’s projected path indicates that it will hit Mexico’s Pacific Coast sometime on Friday. A handful of companies could play major roles in the recovery efforts if the storm’s damage is severe. Category...

On Monday Mexican President Enrique Peña Nieto signed a package of energy reform laws designed to attract investment in the country’s oil, gas and electricity sectors. Reuters reported Thursday that Mexico’s energy ministry had announced a Round One tender featuring 169...

Some interesting statistics, released this week by the U.S. Energy Information Administration (IEA), suggest the North American shale oil boom has shifted big energy company funds away from land purchases, and more towards finding and developing new sources of oil and gas. The EIA examined...

The next frontier for big oil is just across the U.S. border, in Mexico. As Bloomberg recently reported, the prospect of up to $20 billion a year in foreign investment prompted the Mexican Congress to overturn a 75-year old law banning foreign oil companies from drilling in the country. If...

This is the second installment of this story. Read about the benefits here. Monday, Mexico proposed a broad sweeping reform of its energy sector in a move to fight slowing oil output by luring foreign investment to the industry. If the bill does get enacted, it would make oil and gas available...

This is the first installment of this story. Read why the legislation may not go far enough here. Mexican president Enrique Pena Nieto announced his plans to open Mexico’s oil industry up to private and foreign investment for the first time in 75 years. This comes as opposition to the...