The international oil consortium between U.S.-based Talos Energy, Mexico-based Sierra Oil & Gas and U.K.-based Premier Oil announced the fifth largest discovery anywhere in the world in the last five years in the shallow waters of the Gulf of Mexico, which contains an estimated 1.4 to 2 billion barrels of light oil - twice as expected. Additionally, the Italy-based multinational oil and gas company, Eni, revealed a discovery of an estimated 1 billion barrels reserve.
Torex Gold, Goldcorp and Fresnillo are some of the companies that are planning investments in Mexico for approximately U.S.$2.4 billion for gold projects. As a result of these investments, the mines of “Dolores de Pan American Silver”, “San Agustin de Argonaut Gold” and “La Yaki de Alamos Gold” will be expanded between 2017 and 2020.
Thermion, Mexico-based power generation company, will invest approximately U.S.$2 billion in the construction of 10 wind and solar power plants in the Mexican States of Tamaulipas, Sonora, Coahuila, Nuevo Leon and Guanajuato in the next five years. The project will be financed with the placement of CKDs in the Mexican stock market.