Latest news with #VictorRodriguez
Yahoo
a day ago
- Business
- Yahoo
Pemex to increase fracking to tap unconventional hydrocarbon deposits
Mexico's state energy company, Pemex, has announced a strategic shift towards hydraulic fracturing to exploit unconventional hydrocarbon deposits. The move is a bid to reverse years of declining oil and gas production, which has fallen to 1.6 million barrels per day (mbbl/d) from around 3.4mbbl/d in the early 2000s, reported Reuters. This marks a significant change in Mexico's energy policy, aligning with the new administration's ten-year plan to revitalise the indebted energy giant. The plan, unveiled on 31 March, aims to tap into shale basins with 'complex geology', potentially unlocking around 64 billion barrels (bbbl) of crude oil-equivalent production. Pemex CEO Victor Rodriguez was quoted as saying: 'We are going to address all the geological potential we have," signalling the company's move to increase natural gas and crude oil outputs. Despite previous unsuccessful attempts to secure contracts for fracking following the 2014 energy reforms, and former President Andres Manuel Lopez Obrador's staunch opposition to the practice, current President Claudia Sheinbaum has authorised the production method. This decision comes even though she had pledged against it during her 2024 election campaign. Pemex's strategy includes a modest increase in unconventional resource production between 2026 and 2028, with a significant volume ramp-up from 2029. By 2030, the plan forecasts additional production of 197 million barrels of crude oil and 303 billion cubic feet of gas. The company also emphasised technological advancements that would minimise environmental impacts and preserve freshwater resources. To support Pemex's financial obligations and upcoming debt payments for 2025 and 2026, Mexico has also recently placed a $12bn (223.38bn pesos) debt offering involving pre-capitalised securities, or P-Caps, as announced by the Finance Ministry. "Pemex to increase fracking to tap unconventional hydrocarbon deposits" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
3 days ago
- Business
- Reuters
Mexico pivots towards fracking to lift Pemex oil and gas production
MEXICO CITY, Aug 7 (Reuters) - Mexico is planning to increase the use of hydraulic fracturing to tap unconventional hydrocarbon deposits and boost oil and gas production after years of declining output, marking a shift in its stance on what some say is a highly polluting practice. The evaluation and development of unconventional resources hidden deep underground within complex geological formations is part of a 10-year plan unveiled on Tuesday to revitalize Petroleos Mexicanos, or Pemex, Mexico's deeply indebted state energy company. Mexico had attempted to exploit unconventional oil and gas plays that required hydraulic fracturing, or fracking, following sweeping energy reform in 2014, but the bidding processes to secure contracts were unsuccessful. Former President Andres Manuel Lopez Obrador, in office from 2018 to 2024, ruled out developing oil and gas reserves via fracking, a practice he publicly condemned and which environmentalists object to because it uses large volumes of water and contaminates groundwater. President Claudia Sheinbaum, Lopez Obrador's successor, has signed off on the production method, however, even though she had said during her 2024 election campaign she would not allow it. "We're going to address all the geological potential we have," said Pemex CEO Victor Rodriguez on Tuesday, when the company's revitalization plan was presented during Sheinbaum's daily morning press conference. The plan said there is very significant potential for production in fields with "complex geology", referring to shale basins in which oil and gas are extracted using fracking technology. This includes about 64 billion barrels of crude oil-equivalent production, mainly in the basins of Tampico-Misantla, Sabinas-Burro Picachos, and Burgos. "These types of deposits have the potential to change Mexico's declining production outlook ... if implementation plans are established that favor private investment in the exploration and exploitation of these resources," the plan said. Pemex has been fracking for years in some onshore fields near the Gulf of Mexico coast, but does not disclose how much production is generated that way. The majority of the company's oil and gas comes from old offshore fields in shallow waters. Pemex is seeking to stem a decline in its crude oil production, which is around 1.6 million barrels per day, down from about 3.4 million bpd in the early 2000s, and increase natural gas output. Despite being a major oil and gas producer, Mexico remains highly dependent on imports from the United States, both for natural gas and refined products like gasoline and diesel. The plan unveiled on Tuesday outlined a modest production increase of unconventional resources between 2026 and 2028, and a significant ramp-up in volumes starting in 2029. The cumulative addition to production by 2030 would be 197 million barrels of crude oil and 303 billion cubic feet of gas, according to the plan, although Pemex did not share details on how those increases would be achieved. Pemex's plan highlighted technological advances made over the last decade in well design, drilling and completion that it said would minimize environmental impacts and preserve freshwater resources. "Hydraulic fracturing today has nothing to do with that of 20 years ago," Fluvio Ruiz, a former independent advisor for Pemex, said in an interview, adding that both techniques and technologies have advanced since. "One of the advantages of being late or waiting (to exploit unconventional resources) is that there are already technically very well-designed regulations; there's no need to reinvent the wheel," Ruiz said.
Yahoo
13-07-2025
- Yahoo
Man killed after opening fire at Border Patrol facility in Texas
A man was killed Monday after he opened fire at a U.S. Border Patrol facility in McAllen, Texas, police officials said. McAllen Police Chief Victor Rodriguez told reporters that federal agents responded to the shooting by returning fire at Ryan Louis Mosqueda, 27, who died. He had an assault rifle and was carrying a utility vest, Rodriguez said. Officials said they found another rifle and more ammunition. One officer was injured in the shooting, Rodriguez said, noting it was not yet clear whether a bullet or shrapnel caused the injury. Rodriguez said Mosqueda's motive is unknown. The shooting took place across the street from McAllen International Airport, which temporarily delayed all flights and closed the airport 'due to off-airport safety concerns.' The airport reopened later Monday morning. 'We appreciate the community's patience as we prioritized safety during the closure,' McAllen City Manager Isaac Tawil said in a statement. 'Thanks to the quick coordination of emergency personnel and airport staff, we're pleased to welcome travelers back with full service.' The shooting at the Border Patrol facility along the border comes a couple of days after a police officer after was shot outside an Immigration and Customs Enforcement detention facility in Alvarado, Texas. Several armed individuals were taken into custody following that incident. The Associated Press contributed. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-07-2025
- Yahoo
Shooter is killed after opening fire at border agents as they arrived to work
A man wearing tactical gear ambushed U.S. Customs and Border Protection agents as they were walking into their office in McAllen, Texas, on Monday, according to the Department of Homeland Security. "This morning an individual opened fired at the entrance of the United States Border Patrol sector annex in McAllen, Texas. Both Border Patrol agents and local police helped neutralize the shooter," the Department of Homeland Security said in a statement to Fox News. "This is an ongoing investigation led by the FBI. More information will be shared as it becomes available." The shooter, identified as Ryan Louis Mosqueda, 27, fired a rifle at the agents, striking the front doors to the office and cracking the glass. Law enforcement agents returned fire and killed the gunman. McAllen Police Chief Victor Rodriguez told KRGV that Mosqueda was driving a vehicle with Michigan plates. More weapons were reportedly found inside his vehicle. No border agents were injured in the attack, but a McAllen police officer who responded to the incident was shot. That officer is reportedly in stable condition, according to Fox News. Law enforcement officials said they believe the attack was an intentional, targeted ambush of Border Patrol agents. The incident in McAllen comes just days after another Texas police officer was shot on Friday night near U.S. Immigration and Customs Enforcement's Prairieland Detention Facility. In that incident, an officer with the Alvarado Police Department was shot around 11pm on Friday while responding to reports of a suspicious person near the detention facility, according to Fox Dallas. When the officer tried making contact with the alleged suspicious person, they were shot in the neck. The officer was flown to a hospital in Fort Worth and was later released. Several armed suspects allegedly fled the scene but were arrested. In June, multiple people were arrested after a riot outside an ICE facility in Portland, Oregon. According to the DHS, one of the suspects allegedly fired a Roman Candle firework at police officers and threatened them with a large knife before throwing it at them, according to Fox News. No law enforcement officers were seriously injured in the attack. DHS confirmed at the time that three people had been arrested. "We are closely monitoring the attacks on DHS detention facilities in Prairieland, TX, and Portland, OR, and are coordinating with the [US Attorney offices] and our law enforcement partners," Deputy Attorney General Todd Blanche said on X. "The Department [of Justice] has zero tolerance for assaults on federal officers or property and will bring the full weight of the law against those responsible." The attacks come amid increasingly brazen and public ICE raids in neighborhoods. ICE raids in Los Angeles last month kicked off nationwide protests that saw demonstrators clashing with ICE and DHS agents. Despite ICE's insistence that its raids are primarily targeting criminals, little data is available to corroborate those claims.
Associated Press
07-07-2025
- Associated Press
A man has been killed after opening fire at a US Border Patrol facility in Texas, authorities say
McALLEN, Texas (AP) — A 27-year-old man was killed Monday after opening fire at a U.S. Border Patrol facility in McAllen, Texas, authorities said. Federal agents returned fire at the man, who had an assault rifle and was carrying a utility vest, McAllen Police Chief Victor Rodriguez told reporters Monday morning. Rodriguez identified the suspect as Ryan Louis Mosqueda. Law enforcement said they found another rifle and more ammunition. Rodriguez said the man's motive is currently unknown. One officer was injured in the shooting. Rodriguez said it was unclear if the injury was from shrapnel or a bullet.
