Mexico's state-owned Pemex oil company said that the new oil fields it discovered two years ago in the Gulf of Mexico could yield more than two billion barrels of oil. Pemex director Juan Jose Suarez said the Ayatzil-Tekel reserves consisted of heavy crude oil, while those of Tsimin-Xux were light sweet crude. The oil fields, located in Campeche Sound ...

US President Barack Obama will host Mexican President Felipe Calderon for a state dinner in May, in recognition of their "deep ties and strong relationship," the White House said Thursday. The second state dinner of Obama's presidency will take place on May 19, White House spokesman Robert Gibbs said, and will follow Michelle Obama's first solo trip as ...

FBI agents and police swooped Thursday on suspected members of a gang thought to be involved in the slaying of three people linked to the US consulate in Ciudad Juarez, Mexico, an official said. Some 200 federal, state and local law enforcement officers launched raids early Thursday in southern New Mexico and around the Texas border city of El Paso ...

LOS SAUCOS, Mexico (Reuters) - Dense clouds of migrating monarch butterflies used to snap branches and cast shadows across the forests of central Mexico, but severe weather is posing a new threat to the annual phenomenon. The yearly 2,000-mile journey, which takes four generations of butterflies to complete, starts in Canada and ends in the Mexican state of Michoacan, which ...