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...the Gulf of Mexico....
...Griggs, an auditor, was elected US senior partner in February in a ballot of PwC’s 4,000 US and Mexico partners, beating Kathryn Kaminsky, co-head of trust solutions, and Jenny Koehler, chief investment...
...The New Mexico regulator rejected the deal at the end of 2021....
...Two years ago New Mexico’s Public Regulation Commission rejected the $8.3bn deal, which includes $4bn in PNM debt, partly because of concerns over “quality of service issues” at Avangrid....
...Good morning and welcome to Energy Source, which comes to you today from Mexico City and New York....
...Additional reporting by Harriet Clarfelt in New York...
...Almost half of Mexico’s energy mix comes from natural gas, with about 70 per cent of that demand met by the US....
...The prolific Permian Basin shale of Texas and New Mexico pumps more oil than Kuwait, Iraq or the UAE, three of Opec’s powerhouses....
...US energy provider Avangrid rose 3.3 per cent after its Spanish parent Iberdrola called off its $8.3bn acquisition of US-based PNM Resources....
...This is an audio transcript of the FT News Briefing podcast episode: ‘The story behind the money going to Mexico’ [MUSIC PLAYING] Marc Filippino Good morning from the Financial Times....
...But service inflation has remained higher than expected, and Jonathan Heath, a member of the central bank’s board, cautioned the market should not necessarily expect another cut in May....
...Diamondback Energy’s $26bn deal for rival Endeavor Energy this week brought to almost $180bn the value of an oil and gas dealmaking spree that has reverberated across the US shale patch since the beginning...
...The decision was slammed by the industry, which lobbied hard to gain greater access to the Gulf of Mexico....
...Gas output growth will also decelerate as a result of a drop-off in production that comes as a byproduct of oil drilling in the Permian Basin, the vast field stretching between Texas and New Mexico....
...The Midland-based company is acquiring a high-quality asset that will transform it into the third-largest producer in the Permian Basin of West Texas and New Mexico....
...More than half of adults do not have a bank account, according to regulator CNBV. “The penetration of financial services in Mexico is way lower than Brazil,” added the Colombian entrepreneur....
...Construction of liquefied natural gas terminals along the Gulf of Mexico and Atlantic coasts have vaulted the US above Qatar as the top global LNG exporter, enabling it to replace critical European supplies...
...and will determine López Obrador’s successor and a new congress....
...The cash and stock transaction, announced on Monday, will transform Midland, Texas-based Diamondback into one of the biggest participants in the sprawling Permian Basin of Texas and New Mexico, the biggest...
...Happy New Year and welcome back to Energy Source, your first instalment of 2024, coming to you from New York....
...While the issuance of licences was out of the hands of the SNP, the decline of oil and gas remained unavoidable, they argued....
...Mathews joined Sunnova last year as executive vice-president of service and supply chain....
...Australia’s largest oil and gas developer has recorded a 74 per cent drop in annual profits because of lower liquefied natural gas prices and a large write-off in the value of a Gulf of Mexico development...
...michael.stott@ft.com Letter in response to this column:Mexico’s over-reliance on remittances is the problem / From Aylin Perez, New York, NY, US...
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