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David Alire Garcia

Hurricane Willa ravages fishing village on Mexico's Pacific coast

Oct 25 2018

TEACAPAN, Mexico When Amadeo Ramos went to bed Tuesday night, nine sturdy metal tables were fixed to the concrete floor of his seafood restaurant just off the boardwalk of the Mexican fishing village of Teacapan. | Video

Mexicans recover after Willa's 'end of world' onslaught

Oct 24 2018

ESCUINAPA, Mexico Residents on Mexico's Pacific Coast on Wednesday began clearing up the wreckage left by Hurricane Willa, which ripped through towns overnight, tearing off rooftops, downing power lines and splitting trees apart. | Video

Hurricane Willa weakens while hurtling inland from Mexico's Pacific coast

Oct 24 2018

MAZATLAN, Mexico Hurricane Willa's fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said.

Hurricane Willa weakens while hurtling inland from Mexico's Pacific coast

Oct 24 2018

MAZATLAN, Mexico, Oct 24 Hurricane Willa's fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said.

Hurricane Willa batters Mexico, sparking floods, outages

Oct 23 2018

MAZATLAN, Mexico Hurricane Willa slammed into Mexico's Pacific coast late on Tuesday, raking it with winds of 120 mph (195 kph) that brought power outages, buffeted buildings, and dumped torrential rain on tourist resorts where thousands of people had moved to safety. | Video

Thousands evacuated as Hurricane Willa descends on Mexico

Oct 23 2018

MAZATLAN, Mexico, Oct 23 Thousands of people were evacuated, buildings boarded up and classes canceled on Mexico's Pacific coast as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains on Tuesday.

Powerful Hurricane Willa bears down on Mexico's Pacific coast

Oct 23 2018

MAZATLAN, Mexico Hurricane Willa, an extremely dangerous a Category 4 storm, weakened slightly as it veered toward popular tourist resorts on Mexico's Pacific coast on Monday, prompting government warnings for people to leave high-risk areas and take cover.

RPT-Mexico's Lopez Obrador pushes Big Oil to hurry, but offers little

Oct 16 2018

(Repeats story from earlier Tuesday with no change to text) By David Alire Garcia and Marianna Parraga MEXICO CITY, Oct 16 At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources say, but gave no sign of offering up new fields to reverse dwindling output. President-elect Andres Manuel Lopez Obrador repeated a promise to respect more than 100 existing contracts awarded following a sweeping five-year-old energy overhaul as long as a review by his team finds no corruption. And he added: companies must show results, three executives who attended the meeting said. For U.S. independent Talos Energy , which is developing a high-profile, big offshore discovery announced last year along with partners Premier Oil and Sierra Oil & Gas, Lopez Obrador's message was clear: quickly bring new streams of production online. "We know we have to exceed expectations and we're trying to make sure we do that," said Talos Energy CEO Tim Duncan, one of the executives who attended the session. At the Sept. 27 meeting, the president-elect also criticized the 2013 constitutional reform for failing to stop an extended output slide. Operators such as Talos and Italy's Eni, which also announced a major offshore find last year, are on Lopez Obrador's watch list to pump oil quickly, said Carlos Pascual, a former U.S. ambassador to Mexico who now helps run consultancy IHS Markit's global energy business. "The focus on increased barrels is going to create greater pressure for some companies," he said. The oil and gas blocks awarded in bidding rounds over the past three years to companies including Royal Dutch Shell and Chevron will result in $160 billion in new investment, the outgoing government estimates. Lopez Obrador's pick to be the new oil minister, Rocio Nahle, did not respond to a request for comment about Lopez Obrador's presentation. RIG OIL NOT BIG OIL At the meeting, Lopez Obrador also explained he intends to put some 20 idle drilling rigs belonging to a few Mexican service firms to work for state giant Pemex, according to three executives who attended the meeting. The executives, who asked not to be named to avoid any ill-will from the incoming government, said they were surprised at the decision to talk up the service contracts for Pemex instead of encouraging much bigger investments the oil companies are capable of making. A former senior executive with Pemex said the plan could add at most 150,000 barrels per day (bpd) to Mexico's 1.8 million bpd production in a year, far short of the 40 percent increase to 2.6 million bpd he is targeting during his six year term. Lopez Obrador is a long-time critic of the energy reform that brought major oil companies to Mexico for the first time in more than 70 years, and has warned he will not offer up more areas for auction. Oil companies still hope he will soften that position in order to meet his ambitious production goals. The veteran leftist politician adopted a diplomatic tone at the industry session, said the company executives, and his team even pledged to ease regulatory delays companies face. "Reality could force pragmatism," said an oil executive who attended the meeting, arguing it is highly unlikely Mexico could meet Lopez Obrador's lofty output goal with government spending alone. As an indicator, firms are closely watching whether oil auctions set for February by Mexico's independent oil regulator will be canceled or postponed after Lopez Obrador takes office in December. If that happens, along with the pledge to focus production plans on squeezing more out of Pemex fields with local rigs, outside investment could cool for years in Mexico's oil patch, home to under-explored shale plays and the country's potentially lucrative deepwater Gulf of Mexico, according to the executives and sector analysts. The head of the oil regulator, Juan Carlos Zepeda, has said Pemex would need to dedicate $20 billion each year to exploration and production activities to hit Lopez Obrador's output goal, about double this year's budget. Advisor Rocio Nahle, Lopez Obrador's pick to be energy minister, said last month Pemex will be allocated about $4 billion for "exploration and drilling" in 2019, without going into detail. The nearly two hour meeting between Lopez Obrador and oil company executives ended with a promise to maintain "continuous dialogue" going forward However, there was no question-and-answer period, and following the set speeches, Lopez Obrador and his senior energy aides quickly departed. No new meetings have yet been scheduled. One attendee bluntly quipped afterwards: "He really doesn't like us." (Reporting by David Alire Garcia and Marianna Parraga; Editing by Frank Jack Daniel)

Mexico's Lopez Obrador pushes Big Oil to hurry, but offers little

Oct 16 2018

MEXICO CITY At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources say, but gave no sign of offering up new fields to reverse dwindling output.

Talos Energy eyes possible tie-up with Pemex next year for Zama find

Oct 09 2018

MEXICO CITY A consortium led by U.S.-based Talos Energy is looking to partner with Mexico's state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling.

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