Mexico’s Fox announces new energy policies
Mexican President Vicente Fox on Monday announced a series of measures designed to keep energy costs down for millions of Mexicans and increase the country’s energy independence.
The measures include limiting price increases on gas and electricity and reforms to allow more private investment in exploration and production of natural gas.
World energy prices have soared amid the effects of Hurricane Katrina, and Fox said Katrina not only threatened to cause significant increases in energy prices, but also could affect supplies to Mexico.
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U.S. Treasury secretary lauds Mexico for strong macroeconomic policies
U.S. Treasury Secretary John W. Snow lauded Mexico on Thursday for instituting strong macroeconomic policies, saying that under the leadership of President Vicente Fox and Mexican Treasury Secretary Francisco Gil, "the finances of Mexico have improved dramatically."
Snow also said it would not matter to Mexico's economy if Fox's conservative government were replaced by a leftist administration next year as long as the new administration continues with "good (economic) policies."
In a joint news conference with Gil, Snow commended Mexico for being an economic leader in Latin America, saying "its voice is important
Dean Slams Bush's Policies on Mexico
Howard Dean traveled south of the border to meet with Mexico's presidential contenders Monday, and lashed out at the Bush administration's policies on Mexico.
Dean, the Democratic National Committee chairman, claimed President Bush "turned his back on Mexico'' after it refused to support the Iraq war.
The former Vermont governor told The Associated Press in an interview that "a strong Mexico and a strong Mexican economy fixes a lot of the problems between the two countries, particularly immigration and narcotics.''
"We ought to have a partnership with Mexico'' Dean said. "President Bush has lost ground
Mexicos Calderon marked by struggle for religious freedom
The roots of Felipe Calderons likely ascent to Mexicos presidency lie in one of the darkest periods of the countrys history, when the public expression of religion was banned, Roman Catholic churches and chapels were closed and priests were forbidden to wear clerical garb or voice opinions on public affairs.
Calderons father was among the many who took up arms in defense of the church, and it was that sense of persecution that led him in 1939 to join with other conservative Catholics to found the National Action Party, or PAN in its
Mexicos president-elect has deep Catholic roots
The roots of Felipe Calderons likely ascent to Mexicos presidency lie in one of the darkest periods of the countrys history, when the public expression of religion was banned, Roman Catholic churches and chapels were closed and priests were forbidden to wear clerical garb or voice opinions on public affairs.
Calderons father was among the many who took up arms in defense of the church, and it was that sense of persecution that led him in 1939 to join with other conservative Catholics to found the National Action Party, or PAN in its Spanish
Gulfsands Announces Offshore Discovery in the Gulf of Mexico
Exploration Discovery and Drilling Update for the Gulf of Mexico Gulfsands participated at a 12.5% working interest in an exploration well on Eugene Island 58. This well has been drilled to a total measured depth of 11,655 feet and the wireline logs of the well indicated the presence of hydrocarbons within several zones with approximately 170 feet of potential net pay.
This well tested natural gas at a rate of 8.2 million cubic feet per day and 134 barrels of condensate per day. Production casing has been set and completion operations
Senators push for drilling in Eastern Gulf of Mexico
A bipartisan group of powerful senators on Tuesday proposed opening up a large chunk of the Eastern Gulf of Mexico to energy production that would come to within 100 miles of Florida's shores Sen. Pete Domenici, R-N.M., who chairs the Senate Energy Committee, said high home-heating energy prices are yet another reason to increase the domestic natural gas supply by opening up an area off Florida called Lease Sale 181.
"This bill will not interfere with the viewscapes from the coast, the environment or the military activity in the area," said Domenici, who
Baker Receives Gulf of Mexico Contract From Stone Energy Corporation
Baker Energy, a unit of Michael Baker Corporation (Amex: BKR), announced today it has been awarded a two-year, multimillion dollar contract from Stone Energy Corporation for the provision of more than 50 operations and maintenance (O&M) labor personnel for Stone Energy's state and inland waters operations, offshore Louisiana in the U.S. Gulf of Mexico.
Under the terms of this contract, which took effect on Jan. 1, 2006, Baker will manage the transition of the existing workforce, enhance future recruiting activities, conduct competency-based assessments of the workforce, and provide Health, Safety, Environmental
Thacher Proffitt Announces Mexico City Office Relocation
Thacher Proffitt & Wood LLP, a 150-
year-old law firm, today announced the relocation of its Mexico City office to
Paseo Tamarindos, Colonia Bosques de las Lomas. The relocation is one of many
highlights in the firm's substantial growth. "The Torre Arcos is one of the
most prestigious addresses in Mexico City," said Boris A. Otto, Office
Managing Partner. "We chose this location because after six years we outgrew
our previous accommodations. The new space will provide sufficient room to
meet our goals for continued expansion."
Paul D. Tvetenstrand, Chairman and Managing Partner, noted, "This
expansion
(BW) Anadarko Announces Another Deepwater Gulf of Mexico Discovery
Anadarko Petroleum Corporation (NYSE:APC) today announced its successful participation in another new deepwater oil discovery, at the Big Foot prospect in Walker Ridge block 29, about 225 miles south of New Orleans. Anadarko holds a 15 percent working interest in the block.
Operated by Chevron, the Big Foot discovery well is in approximately 5,000 feet of water and was drilled to a total depth of 25,127 feet. Chevron reported that the well encountered as much as 300 feet or more of net oil pay. A sidetrack well has begun drilling to delineate the
Thacher Proffitt's Mexico Office Announces New Partner Luis Enrique Graham
Thacher Proffitt & Wood LLP, a 150-year- old law firm, announced today that Luis Enrique Graham has joined its Mexico City office as a Partner, effective December 5, 2005. Luis Enrique will lead the litigation and arbitration department in Mexico. This increases the total number of attorneys in the Mexico City office to 24.
"We are delighted to welcome Luis Enrique to Thacher Proffitt," said Paul Tvetenstrand, the firm's managing partner. "He is an immeasurable asset to our Firm. We're one of the fastest growing law firms in
