MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 3.Dec.2024, Words: 131) — The recent election of Morena Party’s Claudia Sheinbaum Pardo to serve as Mexico’s president from 2024-2030 translates […]
Tag: AMLO
CFE eyes investments of $23.4bn between 2024-2030
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 6.Nov.2024) — Mexico’s Federal Electricity Commission (CFE) has its eyes set on a historic investment of $23.4bn between 2024-2030, according to the state-owned […]
Pemex Looks to Boost Reserves During Sheinbaum Presidency
(Reuters, 23.Oct.2024) — Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia Sheinbaum, according to an internal […]
Sheinbaum Keeps Morning Briefings, Though her Style is Unlike AMLO’s
(AP, 2.Oct.2024) — Mexico’s new President Claudia Sheinbaum started her day Wednesday much like her political mentor, ex-President AndrĂ©s Manuel LĂłpez Obrador, began most of his: with an early morning […]
Pemex Posts Drop in Oil Output as AMLO Exits
(Reuters, 27.Sep.2024) — Crude output by Pemex fell in August as Mexico’s national oil company failed to reduce fuel imports in line with company targets, while overall falling well short […]
Mexican elite shun lawmakers who advanced AMLO’s judicial reform
MEXICO CITY, MEXICO (By Bloomberg, 18.Sep.2024, Words: 875) — Alejandra Chedraui was once part of Mexico City’s smart set, her wedding photos and family portraits appearing regularly in local newspapers’ society […]
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President AndrĂ©s Manuel LĂłpez Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that […]
Experts Call for ‘Serious’ Debate About Fracking in Mexico
(S&P, 16.Jul.2024) — Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a […]
Mexico Elects Claudia Sheinbaum as its First Female President
(AP, 3.Jun.2024) — Mexico’s projected presidential winner Claudia Sheinbaum will become the first female president in the country’s 200-year history. Sheinbaum, the favored successor of outgoing President AndrĂ©s Manuel LĂłpez Obrador, vowed to […]
A Scientist, a Leftist and a Former Mexico City Mayor. Who is Claudia Sheinbaum?
(AP, 3.Jun.2024) — Claudia Sheinbaum, who will be Mexico’s first woman leader in the nation’s more than 200 years of independence, captured the presidency by promising continuity. The 61-year-old former Mexico City mayor and lifelong […]
Mexico’s Presidential Front-runner Walks a Thin, Tense Line
(AP, 22.May.2024) — As she runs to replace outgoing President AndrĂ©s Manuel LĂłpez Obrador, Claudia Sheinbaum is struggling to construct her own image, leaving many wondering whether she can escape the […]
AMLO’s ‘Dream’ Pemex Refinery Hits Another Delay
(Reuters, 17.May.2024) — Mexican state energy company Pemex started sending 16,300 barrels per day (bpd) of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, internal […]
Interest Remains in Mexico’s Oil and Gas
(S&P, 15.May.2024) — There is still a lot of private and international interest in developing the oil and natural gas resources in Mexico despite the shift towards state control by […]
Pemex to Remain A Fiscal Challenge for Next President of Mexico
(S&P Global Ratings, 15.Apr.2024) — Mexico’s relationship with state-owned oil giant Pemex will remain a fiscal challenge for the country’s next presidential administration, said S&P Global Ratings in “Pemex Will […]
Mexico’s President Says he Won’t Seek an Unconstitutional Second Term
(NPR, 3.Feb.2023) — President AndrĂ©s Manuel LĂłpez Obrador is still immensely popular in Mexico. Across the country you’ll find graffiti and placards that say “Que siga el presidente” (Let the […]
Mexico Closer to Striking a Deal over Major Offshore Oil Find
(Reuters, 3.Jun.2022) — The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on […]
Mexico Opposition Party Pitches Free Solar Panels for Housing
(Reuters, 1.May.2022) — Mexico’s biggest opposition party on Sunday proposed installing solar panels for free onto residential housing, staking out its renewable energy credentials as it seeks to challenge the […]
Back to Mexico’s Statist Energy Future
(Forbes, 28.Apr.2022) — An ambitious effort to definitely steer Mexico back to a statist energy future was narrowly defeated this last week, leaving its energy sector still officially open to […]
Mexico President LĂłpez Obrador Wins Recall Referendum
(The Guardian, 10.Apr.2022) — Nine in 10 Mexicans voting in an unprecedented recall election engineered by President AndrĂ©s Manuel LĂłpez Obrador have backed him to stay in office, underlining his […]
Pemex Back In Red Despite Oil Production Uptick
(Reuters, 28.Oct.2021) — Higher tax payments and foreign exchange losses pushed Mexico’s Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered somewhat, the state […]
Mexico Unveils Investment Plan Worth Nearly $14 bln
(Reuters, 5.Oct.2020) — Mexico’s government and business leaders on Monday presented a series of planned investments worth over 297 billion pesos ($13.83 billion) which President Andres Manuel Lopez Obrador hopes […]
Mexico’s Lopez Wants Plan To Execute Energy Vision
(Reuters, 11.Aug.2020) — Mexico’s president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to […]
Mexico To Launch World’s Largest Oil Hedge – Sources
(Reuters, 24.Jul.2020) — Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in […]
Mexico’s Lopez Says He’d Sell Fuel To Venezuela
(Reuters, 15.Jun.2020) — Mexican President Andres Manuel Lopez Obrador said on Monday his country would, for “humanitarian” reasons, sell gasoline to Venezuela if asked to do so, despite a raft […]
OPEC+ To Meet Saturday On Extending Cuts
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards such as Iraq and Nigeria […]
Mexico To Remain In Opec+, No Output Cuts Planned
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. “Mexico will participate in the […]
Pemex Posts Massive $23.6bn 1Q:20 Loss
(Reuters,30.Apr.2020) — Mexican state oil company Pemex on Thursday said it had posted a $23.6 billion (562.13 billion peso) loss in the first quarter due to falling crude prices as […]
Pemex To Prioritize Lower-cost Production
(Reuters, 27.Apr.2020) — Mexico’s state oil firm Pemex on Monday detailed measures aimed at mitigating the effects of a steep drop in oil prices, saying it would prioritize lower-cost production […]
Mexican Oil Platforms Cut Staff Over Coronavirus
(Reuters, 26.Apr.2020) — Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos […]
Why Mexico’s Oil Industry Is Destined For Disaster
(Oilprice.com, 25.Apr.2020) — Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia, […]
Pemex Declares Force Majeure On Fuel Imports
(Reuters, 23.Apr.2020) — Mexican state oil company Pemex has declared force majeure over fuel imports from its trading arm PMI Comercio Internacional, two sources with knowledge of the decision said […]
Pemex’s Trading Arm Declares Force Majeure
(Bloomberg, 23.Apr.2020) — Mexico, the largest recipient of U.S. gasoline exports, is seeking to cancel imports of the fuel from at least one U.S. company amid the rippling effects of […]
Mexico Announces Emergency $25.5bn Package
(S&P Global Platts, 22.Apr.2020) — Mexico announced a Peso 622.56 billion ($25.5 billion) package on Wednesday that will help the nation face the economic consequences of the coronavirus pandemic, with […]
Mexico’s New Oil Regulator Says Pemex JVs Likely
(Reuters, 16.Apr.2020) — The head of Mexico’s powerful oil regulator said state oil firm Pemex could seek new joint venture partnerships soon, despite President Andres Manuel Lopez Obrador’s decision to […]
The Unexpected Holdout To A Global Oil Production Deal
(Bloomberg, 10.Apr.2020) — One of the most dramatic global oil production agreements in history has been left hanging on the approval of an unlikely character: Mexican President Andres Manuel Lopez […]
Pemex Not In Position To Maintain Output
(GlobalData, 10.Apr.2020) — Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also cutting production; […]
Mexico’s Oil Hedge Just Saved Its Economy
(Oilprice.com, 11.Mar.2020) — Petroleos Mexicanos has been in an unrelenting downward spiral for decades. Pemex, Mexico’s state-owned oil company, has seen a vast and speedy decline of its production rates […]
Nations Meet to Discuss Mexico Energy Concerns
(Reuters, 9.Mar.2020) — The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico’s energy policy, sources told Reuters, as President Andres […]
Oil Price Plunge Ramps Up Pressure On Pemex
(Reuters, 9.Mar.2020) — A crash in crude prices has intensified pressure on the finances of Mexican state oil firm Petroleos Mexicanos (Pemex), which is facing the threat of a ratings […]
AMLO Says New Energy Plan Could Be Ready In March
(Reuters, 5.Mar.2020) — Mexico’s President Andres Manuel Lopez Obrador said on Thursday the country’s new energy plan could be ready within 10 days, and the government was analysing proposals by […]
Pena Nieto Investigated In Corruption Probe
(Reuters, 19.Feb.2020) — Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena […]
Global Companies Want More Certainty In Mexico
(Energy Analytics Institute, Jared Yamin, 15.Jan.2020) — Executives from foreign companies are having a hard time convincing their parent companies to continue dedicating investments to activities in Mexico, according to […]
Talos Energy Touts Zama Study Results
(Chron.com, 7.Jan.2020) — Talos Energy touted promising new study results in Mexico’s first big deepwater oil discovery, and the Houston producer is pushing to move forward so it can maintain […]
Mexico And Pemex Face Downgrade Risk In 2020
(Reuters, 3.Jan.2020) — Mexico threw troubled state oil company Pemex a lifeline in 2019 to stop $80 billion in bonds held by investors worldwide being labeled junk by credit rating […]
Pemex Closes Year Of Missed Targets
(Argus, 30.Dec.2019) — Mexican President Andres Manuel Lopez Obrador’s pledges to put state-owned Pemex back at the center of policy have worried investors who had banked on joint public-private opportunities. […]
MTBE, Ethanol Face Off In Mexico
(Argus, 30.Dec.2019) — Mexico’s oxygenates sector — long dominated by methyl tertiary butyl ether (MTBE) — could face market pressures to move toward ethanol as an octane enhancer for gasoline […]
Pemex Reserve Discovery Boosts Mexico’s Oil Ambitions
(S&P Global Platts, 10.Dec.2019) — Pemex’s largest hydrocarbon reserve discovery in 30 years is boosting the Mexican government’s confidence that the troubled state-run enterprise can reverse a more than decade-long […]
Pemex Finds Giant Oil Field In Quesqui
(Pemex, 6.Dec.2019) — The President of Mexico, AndrĂ©s Manuel LĂłpez Obrador, accompanied by the General Director of Petroleos Mexicanos (Pemex), Octavio Romero Oropeza, toured the Quesqui oil field, which according […]
As Troubles Grow, Mexicans Keep the Faith With AMLO
(NYT, Elisabeth Malkin, 1.Dec.2019) — One year into his term, President AndrĂ©s Manuel LĂłpez Obrador faces a stagnant economy and spiraling violence, but Mexicans still place their hopes in him. […]
Unpaid Bills Add To Pemex Woes
(Bloomberg, Amy Stillman, Peter Millard and Justin Villamil, 26.Nov.2019) — Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid and the debts are building […]