Deadly explosion hits Mexico petrochemical plant

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Oil and gas bosses call for ‘effective’ climate deal

The CEOs of 10 global oil and gas companies have called for an “effective” climate change agreement at the COP21 conference in Paris. BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total make up the Oil and Gas Climate Initiative (OGCI). They recognise the ambition to limit global average temperature rise to […]

Mexico opens up electricity market

Mexico’s Senate has approved laws which crack open its electricity sector to more private businesses. After an eight-hour debate on Sunday (20 July), the laws were passed with 89 votes in favour and 27 against. The new legal regime means private firms can generate and sell electricity while Mexican firms PEMEX and the Federal Electricity […]

Mexico moves towards opening up to foreign oil companies

Senators in Mexico are edging closer to a deal to open the county’s doors to foreign oil companies, according to reports. The bill would allow foreign firms to partner with the state owned oil company Pemex. It’s hoped the change will boost oil production in the country, which is down 25% since it peaked in […]

25 deaths in explosion at Mexico power firm HQ

Explosions at the headquarters of Mexican state oil firm PEMEX killed at least 25 people and wounded more than a hundred. Among the dead are 17 women and eight men, while around 50 are still hospitalised. Three blasts in the space of a few minutes damaged the basement and two floors of the Petroleos Mexicanos (PEMEX) offices […]

Fire at Mexico gas plant kills 26

Around 26 people were killed and several others injured when a fire broke out at a gas plant in Mexico yesterday. Owned by state-run energy firm Pemex, the fire occurred around lunchtime at its gas facility outside the city of Reynosa, located directly across the border from Texas, US. The company said four of those […]