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Entries in mexico (7)

Tuesday
Apr112017

NAFTA has staying power, especially if Texas supporters keep speaking out 

The Dallas Morning News

April 11, 2017

Geronimo Gutierrez Fernandez, Mexico Ambassador to U.S.In one of his first acts in Washington, President Donald Trump pulled the United States out of the Trans-Pacific Partnership, a controversial trade deal involving a dozen countries.

Unwinding the North American Free Trade Agreement with Mexico and Canada would be much tougher, even if Trump wants to go there.

That’s no accident. Before NAFTA took effect 23 years ago, Mexico was angling for more than easy access to U.S. consumers, which is usually the primary goal for a developing country.

Mexico wanted an accord that would also benefit the U.S. and Canada, and strengthen economic ties among all three countries. Such multi-sided trade deals are more stable and durable, and that’s helpful when there’s a change in popular opinion -- or elected leaders.

NAFTA has created impressive growth in trade and jobs, especially for Texas. But it’s also spawned large networks of suppliers and manufacturers whose goods often criss-cross the border before final assembly.

Read on...

Tuesday
Feb042014

Department of Commerce Infographic Highlights U.S.-Mexico Trade

Click on Graphic for full size.

  

 

 

 

Friday
Dec202013

Mexico energy: High hopes for 'magnificent reform'

Ochoa said the Mexico Department of Energy estimates that foreign direct investment in the sector will rise by 50 percent by 2018, to $10 billion, and that 500,000 jobs will be created in the process.

Click here for complete article > CNBC

December 20, 2013

Susana Gonzalez | Bloomberg | Getty Images Pemex's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico.When Mexican President Enrique Peña Nieto signs a new oil reform into law Friday, it could mark a turning point for Latin America's second-largest economy, one of Mexico's leading energy officials told CNBC.

"It's a magnificent reform," Mexico's Energy Undersecretary Enrique Ochoa said in an exclusive interview. Along with many other energy experts, he thinks the law will lead to an increase in oil and gas production, as well as lower energy prices.

The law will change three articles of the nation's constitution, thereby allowing foreign investment and production-sharing agreements in Mexico for the first time in more than 70 years…

Wednesday
Nov062013

Bi-National Meeting for Second International Bridge Project between Del Rio and Acuña

Zocalo (Spanish)

November 6, 2013

While on one side, consulting firms hired by the governments of Texas and Coahuila presented the progress of the feasibility studies for the construction of the second international bridge. On the other hand, Coahuila deputies presented a point of agreement in Congress to urge the Ministry of Foreign Affairs for this project is included in the bilateral agenda with the United States.

This was stated by Secretary of Infrastructure in Coahuila, Francisco Navarro Saracho said during the meeting that the private sector with the mayors of Del Rio, Texas, Roberto Fernández and Acuña, Alberto Aguirre Villarreal, where he reported on the progress of the studies to ensure that the new border crossing would be built.  He highlighted that the governor of Coahuila, Rubén Moreira hired Felipe Ochoa and Associates, while the Government of Texas hired S & B Infrastructure.

On this occasion the meeting that was held in Del Rio, Texas, with the presence of Michael Reeves, president of the Ports to Plains Alliance, reported the progress of that corridor and its connections through Coahuila.

Wednesday
Sep042013

Commentary: Mexico’s reform agenda is good news for Canada

That would be good news for Canada and the United States. Integrated supply chains between the three NAFTA nations present opportunities for each partner to benefit from another’s success. Increasingly, so-called “trade in tasks” – from product assembly and design, to engineering, logistics and financial services – is the rising tide that lifts all boats.

Click here for complete article > Globe and Mail

August 26, 2013

It was yet another example of how Canada fails to think of itself as a NAFTA nation. Instead of celebrating Mexican President Enrique Pena Nieto’s proposal this month to open his country’s energy sector to foreign investment, the reaction in Canada focused on the risk to the oil sands.

Yet, if ever there was a win-win situation for Mexicans and Canadians alike, it lies in Mr. Pena Nieto’s visionary reform agenda. It promises to accelerate Mexico’s rise from an emerging but troubled country with vast income inequality into a modern economy with a vibrant middle class. As Mexico’s partner in the North American Free Trade Agreement, Canada can only benefit…

Friday
Aug162013

Del Rio, TX: City Council Approved Feasibility Study for Second International Bridge

DEL RIO, Texas  – City Council authorized City Manager Robert Eads to award the Feasibility Study for a Second International Bridge to the firm of S&B Infrastructure during the August 13 City Council Meeting.

The City of Del Rio and Val Verde County formed a partnership to study the feasibility of constructing a second international bridge to address future infrastructure needs for our region.  This partnership agreed to solicit statements of qualifications (SOQ’s) for the selection of a firm to provide the necessary professional and consulting services required to perform a comprehensive study. 

“The international border that connects Texas and Mexico is the hub of commerce, and provides immense opportunity for the 21st century.  Trade with Mexico is vital to our economy, a second international bridge will help to make our region a gateway to the future” commented Mayor Roberto Fernandez.

For more information about this project please contact the Public Information Office at (830)774-8638 or by email jrobinson@cityofdelrio.com.

Tuesday
Aug062013

Beyond US border, Mexico primes shale potential

Pemex is in the characterization phase, and the company plans to drill close to 200 evaluation wells within the next 4 years. "Drilling activity has centered on identifying the most promising provinces," Rangel-German said. Once these tests have fully characterized the various plays and uncertainty has been reduced, Pemex plans to drill 600 more wells. "These numbers will change as we approach 2014/2016," Rangel-German said. Ultimately, the company estimates 30,000 wells will be required to fully develop Mexico's shales.

Click here for complete article > Oil & Gas Journal

Oil production from 14 of the most active counties in the South Texas Eagle Ford shale reached 28 MMbbl in the last year. Gas production doubled from the previous year to 271 bcf, and for the same period, condensate tripled to 21 MMbbl, according to a March report from the Eagle Ford Task Force, which was established by the Texas Railroad Commission. By 2015, the Eagle Ford shale will become the largest stand-alone energy project in the world as measured by capital expenditures, the report indicates.

Meanwhile, across the border from South Texas, Mexico is gearing up to initiate its own shale boom.

"The Eagle Ford doesn't stop at the border," said Edgar Rangel-German, commissioner with Mexico's National Hydrocarbons Commission (CNH). The US Energy Information Administration (EIA) reported in 2011 that Mexico has the second-largest shale gas potential in Latin America and the fourth-largest in the world. The country contains 61 tcf of natural gas reserves but the EIA report places Mexico's shale gas potential at 680 tcf. Mexico state oil company Pemex has been analyzing the numbers cited by the EIA along with the CNH. "In terms of resources, being ranked fourth in the world was a nice surprise, but we believe the EIA's numbers are overestimated," Rangel-German said...