Mexico's Natural Gas Imports Soar 23% October Over September; Sep. Oil Production Off 116K b/d

[hatrack]

MEXICO CITY, Nov 22 (Reuters) - Mexican crude oil production and exports fell in October after a storm disrupted operations for several days, the latest in a string of setbacks for state oil monopoly Pemex this year.

Pemex said on Thursday oil production fell to 2.995 million barrels per day from 3.161 million bpd in September after bad weather in the Gulf of Mexico caused it to shut down 600,000 of offshore oil production for several days in late October.

The storm also caused an accident at one of Pemex's offshore drilling platforms, and 21 rig workers died trying to escape. Oil exports, affected by closures of Gulf ports, slipped to 1.503 million bpd from 1.679 million bpd in September, when oil operations bounced back from storm disruption in August.

Weather disruption has left Pemex's oil output at an average of 3.113 million bpd so far this year, in line with the company's forecasts but well below average output of 3.256 million in 2006 and a peak of 3.383 million in 2004.

EDIT

http://www.reuters.com/article/bondsNews/idUSN2229502420071122?rpc=401&

[Nihil]

1. What's that sound?

Oh, it's just a canary coughing ... let's get back to the coal-face ...

:yoiks: