(Chron.com, Sergio Chapa, 25.Nov.2019) — American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack that allegedly knocked out computers […]
Tag: AMLO
Don’t Count On Oil To Reignite Latin America
(Project Syndicate, Mauricio Cárdenas, 5.Nov.2019) — Some regard Latin America as the world’s new oil frontier, and think that the region could potentially add three million barrels per day to […]
Mexico Boosts Spending In 2020 Budget
(Aljazeera, 9 Sept 2019) — Mexico‘s government cautiously freed up funds for spending in its 2020 budget proposal on Sunday, slightly loosening a primary surplus target as it aimed to […]
OPIS Mexico Fuel Week Opens Registration
(OPIS, 28.Aug.2019) — OPIS (Oil Price Information Service) by IHS Markit has opened registration for the third annual OPIS Mexico Fuel Week, October 21-24, 2019. The event will be held […]
Mexico Eyes $4.5bn Savings From Contract Renegotiation
(Reuters, 27.Aug.2019) — Mexico said on Tuesday a deal had been struck with a group of companies to renegotiate the terms of natural gas pipeline contracts signed under the previous […]
Wind Developers Losing Heart On Mexico Amid Stall
(Chron.com, Emily Pickrell, 22.Aug.2019) — Mannti Cummins, a Corpus Christi wind developer, has spent the last 17 years building wind energy projects in the Rio Grande Valley, from Brownsville to […]
Mexican Gov’t To Keep Investing In Pemex
(Reuters, 16.Aug.2019) — Mexican President Andres Manuel Lopez Obrador said on Friday that his government would keep investing in state oil company Pemex, which is on the verge of losing […]
Mexican Lawsuit Risks Permian Route To Market
(Petroleum Economist, Charles Waine, 2.Aug.2019) — Mexico’s ComisiĂłn Federal de Electridad (CFE), the state-owned electricity utility, has started legal proceedings against seven natural gas pipelines. The move intensifies fears about […]
Mexico Auctions Moratorium Give Rival Brazil An Edge
(Bloomberg, Peter Millard and Amy Stillman, 9.Jul.2019) — Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. […]
Mexico’s CNH Approves BP’s Offshore Drilling Plan
(Reuters, Rebekah Ward, 25.Jun.2019) — Mexico’s oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf […]
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA — […]
The End Of Mexico’s Rigorous Energy Reform
(Oilprice.com, Tsvetana Paraskova, 22.Jun.2019) — Mexican President AndrĂ©s Manuel LĂłpez Obrador has been a vocal critic of the energy reform of his predecessor Enrique Peña Nieto, who opened in 2013 […]
Mexican Oil Regulator Cancels October Tender To Pick Pemex Partners
(Reuters, 13.Jun.2019) — Mexico’s oil regulator announced on Thursday the cancellation of October auctions to pick joint-venture partners in seven onshore areas for state oil company Pemex, which is struggling […]
Mexico Initiates Construction Of The Dos Bocas Refinery
(Energy Analytics Institute, Jared Yamin, 2.Jun.2019) — Mexico initiated construction activities related to the Dos Bocas Refinery, the country’s President AndrĂ©s Manuel LĂłpez Obrador President announced via a social media […]
Mexico Charges Former Oil Official With Bribery In Anticorruption Drive
(New York Times, Kirk Semple and Azam Ahmed, 28.May.2019) — The administration of President AndrĂ©s Manuel LĂłpez Obrador of Mexico has launched its first major anticorruption prosecution, delivering on a […]
LatAm’s Gasoline Problems: Mexico And Brazil Diverge In Fuel Balance Strategy
(WoodMac, 15.May.2019) — The two dominant players in Latin American oil and gas – Petrobras and Pemex – should face negative net gasoline balance for decades to come. This makes […]
Mexico’s Rising Oil Nationalism Faces Debt-Rating Crisis
(Reuters, Stefanie Eschenbacher and David Alire Garcia, 14.May.2019) — Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes […]
Mexican Union Leader Shot Dead In Troubled Oil Refining City
(Reuters, 12.May.2019) — Unidentified gunmen shot dead a trade union leader in Mexico’s central city of Salamanca, authorities said on Sunday, the latest outbreak of violence in an area plagued […]
LatAmNRG Briefs: Pemex Dos Bocas, Bolivia Charges Persons In Drillmex Case
(Energy Analytics Institute, Jared Yamin and Ian Silverman, 9.May.2019) — Heard on the street and LatAmNRG briefs related to the Sener and Pemex moving forward with the Dos Bocas Refinery […]
Pemex To Build $8bn Oil Refinery As Mexico Scraps Tender Process
(Ft.com, Jude Webber, 9.May.2019) — AndrĂ©s Manuel LĂłpez Obrador, Mexico’s president, has stepped up his commitment to an $8bn refinery project, rejecting three private sector bids as too costly and […]
LatAmNRG Mexico Briefs: Odebrecht Contracts, FMP Transfer, Oil Slide Halted
(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — Heard on the street and LatAmNRG briefs related to Mexico reviewing Odebrecht contracts, FMP transferring 115 billion pesos to Federal Treasury and Mexico’s […]
Pemex Head Says Fuel Theft In April 2019 Down 98% Since November 2018
(Energy Analytics Institute, Jared Yamin, 22.Apr.2019) — The illegal theft of combustible in Mexico is down 98% since November, announced Pemex General Director Octavio Romero Oropeza on 22 April 2019 […]
To Halt Energy Slide, Mexico Turns To A Trusted Provider: Mexico
(NYT, Elisabeth Malkin, 11.Apr.2019) — President AndrĂ©s Manuel LĂłpez Obrador envisions a future in which Mexico produces more oil, gasoline and electricity. But his strategy to get there relies on […]
Mexico Would Consider State Gas Stations In Push For Fair Prices
(Reuters, 9.Apr.2019) — Mexico’s President Andres Manuel Lopez Obrador said on Tuesday he would consider creating a chain of government gas stations if existing fuel outlets did not charge “fair […]
Mexican President Warns Retailers: Keep Gas Prices In Check
(Oilprice.com, Tsvetana Paraskova, 9.Apr.2019) — The Mexican government may consider creating a small network of gas stations that would sell gasoline at lower, “fair prices”, if gas station operators in […]
Mexico’s AMLO Takes Office With Attack on Energy Overhaul
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, delivering a blistering attack on […]
Mexico’s Oil Crisis Deepens
(Oilprice.com, Irina Slav, 27.Nov.2018) — Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters […]
Mexico Should Fix Pemex Finances Before New Refining Investments: IMF
(Reuters, 8.Nov.2018) — The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemex’s financial position before it invests in building new refineries. Mexico’s […]
Fitch’s Mexico Outlook Downgrade Based On Energy Policy Uncertainty
(NGI, Andrew Baker, 6.Nov.2018) — Fitch Ratings late last month revised its outlook for Mexico, citing, among other things, potential energy policies to be implemented by incoming President-Elect AndrĂ©s Manuel […]
Mexico Spends $1.2 Billion To Lock In Crude Rally For 2019
(Bloomberg, Eric Martin, 30.Oct.2018) — Mexico spent about 23.5 billion pesos ($1.2 billion) through the third quarter from its budget stabilization fund, which historically has been used almost exclusively to […]
Pemex Swings To Profit, Output Targets Reduced
(Reuters, 26.Oct.2018) — Mexico’s state oil company Pemex said on Friday it swung to profit in the third quarter, with higher oil prices and a foreign exchange gain boosting revenues […]
Private Investment To Drive Mexico’s Oil Production Growth
(Chron.com, Rye Druzin, 24.Oct.2018) — Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Mexico’s oil production could rebound to 3.5 million barrels […]
President-elect Lopez Obrador Slams Pemex For Crude Import Plan
(Reuters, 23.Oct.2018) — Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the […]
Mexico’s Next Government Faces Bind In Pemex Ethane Deal
(Reuters, Diego OrĂ©, 17.Oct.2018) — Mexico’s incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a […]
Mexico’s AMLO Presses Big Oil To Start Pumping From Recent Finds
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2018) — Mexico wants Big Oil to start producing from the recently discovered oil fields in Mexico as soon as possible, incoming President AndrĂ©s Manuel LĂłpez Obrador […]
Mexico And Brazil’s Crude Politics
(Foreign Policy, Lisa Viscidi, .16.Oct.2018) — A potential return to resource nationalism could set both countries back. Until this year, resource nationalism—when a government asserts its control over a country’s […]
Texas Would Have A ‘Party’ If Mexico Prohibited Fracking
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect AndrĂ©s Manuel LĂłpez Obrador (AMLO), would be an error that would benefit […]
Mexico’s Lopez Obrador Pushes Big Oil To Hurry, But Offers Little
(Reuters, David Alire Garcia, Marianna Parraga, 16.Oct.2018) — At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from […]