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President of Mexico nationalizes lithium

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The President nationalized Mexico’s lithium deposits last April, and created LitioMX (Litio Para Mexico) to mine lithium ( earlier post ). Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now.

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Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

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Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. The state-owned company’s Trion 1 well, 177 km off the coast of Tamaulipas, confirmed the presence of light oil reservoirs in the province of the Perdido fold belt. The well, located 39 km. kilometers (2.8

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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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US crude oil production averaged 11.3 The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d. million b/d.

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit. Malo production facility operated by Chevron USA Inc. The blocks are WR-584, WR-627, WR-628, WR-540 and WR-583.

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Mexico and Canada are the biggest recipients of US petroleum exports

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mmbd of petroleum to Mexico in 2019, which was 14% of total US petroleum exports, according to the US Energy Information Administration (EIA). Includes crude oil and petroleum products, such as gasoline, diesel and jet fuel. The United States exported 1.2 Canada received 1.0 mmbd or 12%. US petroleum exports by destination, 1990-2019.

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EIA: US crude oil production will increase to new records in 2023 and 2024

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In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 In 2022, US crude oil production averaged an estimated 11.9 EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions.

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Marathon Announces First Oil from Deepwater Droshky Development in Gulf of Mexico

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Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. This marks the first new deepwater production since the Obama Administration halted drilling after the Deepwater Horizon accident.

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