The House passed a bill yesterday approving an offshore energy development agreement on the maritime border between the US and Mexico. But some Democrats opposed the bill, which waives the Dodd-Frank requirement that requires companies to disclose payments made to foreign governments. Nothing strange in that at all. [The Hill] Sources say that President Obama… Keep reading →
Portugal-based Martifer Solar is gearing up to build a 30 megawatt photovoltaic solar plant in Baja California Sur, Mexico, which will bring the country’s total PV capacity to 43 MW. Martifer Solar has an engineering, procurement and construction contract to build the plant, Aura Solar I, and will both operate and maintain it once complete.… Keep reading →
Mexico, one of the largest suppliers of oil to the United States, has a big problem: Its production of crude is falling fast. In 2008, the country’s production peaked at 3.2 million barrels a day, according to the U.S. Energy Information Administration. Last year, it didn’t even produce 3 million a day. The reason: aging oil fields and years of underinvestment. Industry experts say Mexico could revive production if it allowed more investment from international oil companies. But under current policy, EIA says Mexico will have to start importing oil by 2020. For the United States, the decline in Mexico’s oil industry means it will likely be buying more oil from Canada and Saudi Arabia, the No. 1 and No. 2 sources of U.S. oil exports. Mexico is now third.
