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  • Andrés Manuel López Obrador (AMLO)

Tag: Andrés Manuel López Obrador (AMLO)

Mexico Wins Over $2bn On Oil Hedge
Latin America and Caribbean Mexico

Mexico Wins Over $2bn On Oil Hedge

ENERGY ANALYTICS INSTITUTE (EAI)01/12/202018/01/2021
(Bloomberg, 1.Dec.2020) — Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5...
Mexico Announces Infrastructure Projects
Latin America and Caribbean Mexico

Mexico Announces Infrastructure Projects

ENERGY ANALYTICS INSTITUTE (EAI)05/10/202014/10/2020
(Platts, 5.Oct.2020) — Mexico announced on Oct. 5 a set of infrastructure projects worth almost $14 billion to reactivate the economy, including a new coker for one of its six...
Mexico’s Environment Minister Resigns
Latin America and Caribbean Mexico

Mexico’s Environment Minister Resigns

ENERGY ANALYTICS INSTITUTE (EAI)02/09/202003/09/2020
(Reuters, 2.Sep.2020) — Mexico's environment minister has resigned after clashing with colleagues over policy priorities, prompting President Andres Manuel Lopez Obrador to defend the government's green credentials on Wednesday. Environment...
Mexico’s Obrador Says 2021 Budget Includes Refinery
Latin America and Caribbean Mexico

Mexico’s Obrador Says 2021 Budget Includes Refinery

ENERGY ANALYTICS INSTITUTE (EAI)02/09/202009/09/2020
(Reuters, 2.Sep.2020) — Mexican President Andres Manuel Lopez Obrador said on Wednesday the 2021 budget would call for spending on priority infrastructure, including refineries and oil production, and would not...
Pemex’s Romero Pushes For Control Over Zama
Latin America and Caribbean Mexico

Pemex’s Romero Pushes For Control Over Zama

ENERGY ANALYTICS INSTITUTE (EAI)29/01/202030/01/2020
(Reuters, 29.Jan.2020) — Mexico’s state oil company Petroleos Mexicanos wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets underway, its...
Pemex Supports Hidalgo Municipalities
Latin America and Caribbean Mexico

Pemex Supports Hidalgo Municipalities

ENERGY ANALYTICS INSTITUTE (EAI)03/12/201914/12/2019
(Pemex, 3.Dec.2019) — As part of the Community and Environment Support Program (PACMA), the General Director of Petróleos Mexicanos (Pemex), Octavio Romero Oropeza, presented to the Hidalgo State Governor Omar...
Latin America and Caribbean Mexico

Mexico Budget Assumes 1982 Output Surge

ENERGY ANALYTICS INSTITUTE (EAI)09/09/201915/09/2019
(Bloomberg, Amy Stillman, Nacha Cattan and Eric Martin, 9.Sep.2019) — Mexico’s balanced budget for next year depends in part on its oil company boosting production by about 17%, something that...
Latin America and Caribbean Mexico

Mexican Gov’t To Keep Investing In Pemex

ENERGY ANALYTICS INSTITUTE (EAI)16/08/201918/08/2019
(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...
Latin America and Caribbean Mexico

Mexico To Cut Pemex’s Profit-Sharing Duty To 54%

ENERGY ANALYTICS INSTITUTE (EAI)21/06/201922/06/2019
(Platts, Daniel Rodriguez, 21.Jun.2019) — The Mexican government will cut Pemex's profit-sharing duty, known as DUC, to 54% by 2021 from the current 65%, the company's financial director, Alberto Velazquez,...
Latin America and Caribbean Mexico

Pemex: New Refinery Environmentally Viable

ENERGY ANALYTICS INSTITUTE (EAI)19/06/201922/06/2019
(Reuters, David Alire Garcia, 19.Jun.2019) — Mexican President Andres Manuel Lopez Obrador’s push to build a new oil refinery involves high risks of flooding and other environmental issues, according to...
Latin America and Caribbean Mexico

Mexico Moving Forward With Dos Bocas Refinery Construction In Tabasco

ENERGY ANALYTICS INSTITUTE (EAI)02/06/201906/06/2019
(Energy Analytics Institute, Jared Yamin, 2.Jun.2019) — Mexico’s President Andrés Manuel López Obrador reiterated his decision to build the new Dos Bocas Refinery and continue with the planned modernization of...
Latin America and Caribbean Mexico

Mexico Charges Former Oil Official With Bribery In Anticorruption Drive

ENERGY ANALYTICS INSTITUTE (EAI)28/05/201902/06/2019
(New York Times, Kirk Semple and Azam Ahmed, 28.May.2019) — The administration of President Andrés Manuel López Obrador of Mexico has launched its first major anticorruption prosecution, delivering on a...
Latin America and Caribbean Mexico

Mexico’s State Oil Entity Pemex Swings To Loss In First Quarter

ENERGY ANALYTICS INSTITUTE (EAI)30/04/201901/05/2019
(Reuters, Ana Isabel Martinez, 30.Apr.2019) — Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted...
Latin America and Caribbean Mexico

Mexico’s Oil Production In April 2019 Down 1% M-O-M, Down 10% Y-O-Y

ENERGY ANALYTICS INSTITUTE (EAI)22/04/201928/04/2019
(Energy Analytics Institute, Jared Yamin, 22.Apr.2019) — Mexico’s oil production continues to trend downward, according to recent data revealed by government officials. Oil production is currently averaging around 1.685 million...
Latin America and Caribbean Mexico

7 Oil & Gas Problems That Mexico Must Solve

ENERGY ANALYTICS INSTITUTE (EAI)21/04/201922/04/2019
(Forbes, Jude Clemente, 21.Apr.2019) — 1. Since peaking in 2004, Mexico's oil production has been sliced in half to below 2 million b/d Although nearly 45% back then, oil revenues...
Latin America and Caribbean Mexico

CNH Reports 6.9% Drop In Mexico’s Combined 1P Reserves

ENERGY ANALYTICS INSTITUTE (EAI)12/04/201915/04/2019
(Energy Analytics Institute, Jared Yamin, 12.Apr.2019) — Mexico’s National Hydrocarbons Commission (CNH by its Spanish acronym) announced the country’s combined proved (1P) natural gas and crude oil reserves fell 6.9%...
Latin America and Caribbean Mexico

Q&A: Mexico Oil Regulator Says Slow Wins The Race

ENERGY ANALYTICS INSTITUTE (EAI)04/04/201907/04/2019
(Argus, 4.Apr.2019) — Mexico’s oil regulator CNH administers more than 100 contracts for oil and natural gas exploration and production (E&P) that will attract $161bn in investment if all licenses...
Latin America and Caribbean Mexico

Opinion: The Incredible Plunder of Mexico’s Black Gold

ENERGY ANALYTICS INSTITUTE (EAI)26/03/201926/03/2019
(The New York Times, Ioan Grillo, 26.Mar.2019) — In the first months of this year, the word “huachicolero” — once a rarely used term — has been on the lips...
Latin America and Caribbean Mexico

Mexico Scrambles To Save Its Sinking Oil Company

ENERGY ANALYTICS INSTITUTE (EAI)25/03/201926/03/2019
(Oxford Business Group, 25.Mar.2019) — On February 15 President Andrés Manuel López Obrador (AMLO) announced the launch of Pemex’s Strengthening Programme, a six-year plan designed to improve the company’s financial...
Latin America and Caribbean Mexico

Mexico’s AMLO Takes Nationalist Tone On Energy During First 100 Days

ENERGY ANALYTICS INSTITUTE (EAI)21/03/201927/03/2019
(Houston Chronicle, Sergio Chapa, 21.Mar.2019) — Canceled energy auctions, halted pipeline projects, a ban on hydraulic fracturing, a showdown with fuel thieves, political pressure on regulators to resign and plans...
Latin America and Caribbean Mexico

Mexico Could Pay Pemex Debt From $15 Billion Stabilization Fund

ENERGY ANALYTICS INSTITUTE (EAI)21/03/201927/03/2019
(Reuters, 21.Mar.2019) — Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for...
Latin America and Caribbean Mexico

Pemex Plans To Triple Oil Well Drilling This Year To Boost Output

ENERGY ANALYTICS INSTITUTE (EAI)18/03/201919/03/2019
(Reuters, David Alire Garcia, 18.Mar.2019) — Mexico’s national oil company Pemex plans to triple the number of wells it will drill this year, the company’s chief executive said on Monday,...
Latin America and Caribbean Mexico

Mexico Invites Three U.S. Companies, Foreign Firms To Bid On New Refinery

ENERGY ANALYTICS INSTITUTE (EAI)18/03/201919/03/2019
(Reuters, Ana Isabel Martinez, David Alire Garcia, 18.Mar.2019) — Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil...
Latin America and Caribbean Mexico

Mexican Voters Love Their President, But Investors Are Wary

ENERGY ANALYTICS INSTITUTE (EAI)07/03/201910/03/2019
(Bloomberg, Nacha Cattan, 7.Mar.2019) — Mexican President Andrés Manuel López Obrador, or AMLO as he’s known, is doing spectacularly well with voters 100 days into his term. The latest survey...
Latin America and Caribbean Mexico

Pemex Posts $7.6 Billion Loss In 2018 As Oil Output Dips

ENERGY ANALYTICS INSTITUTE (EAI)28/02/201904/03/2019
(Reuters, 28.Feb.2019) — Mexican state oil company Pemex said on Wednesday its losses narrowed in 2018, helped by currency exchange gains as crude production and refining rates continued to decline....
Latin America and Caribbean Mexico

AMLO Sounds Death Knell For New Pemex Joint-Venture Partnerships

ENERGY ANALYTICS INSTITUTE (EAI)21/02/201924/02/2019
(Bloomberg, Amy Stillman, 21.Feb.2019) — Mexico President Andres Manuel Lopez Obrador is freezing new joint-venture contracts with Petroleos Mexicanos, squashing investors’ final hopes that the Mexico energy reforms can be...
Latin America and Caribbean Mexico

Mexico To Support Indebted State Oil Firm Pemex With $3.6B

ENERGY ANALYTICS INSTITUTE (EAI)15/02/201918/02/2019
(Oilprice.com, By Tsvetana Paraskova, 15.Feb.2019) — Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said...
Latin America and Caribbean Mexico

Mexico President Says Will Respect Pipeline Deal Despite Costs

ENERGY ANALYTICS INSTITUTE (EAI)12/02/201912/02/2019
(Reuters, 12.Feb.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday he will respect contracts that companies have with state-run power utility CFE for pipelines that are not operational...
Latin America and Caribbean Mexico

Mexico Seeks To Revise Private Pipeline Contracts

ENERGY ANALYTICS INSTITUTE (EAI)11/02/201912/02/2019
(Wall Street Journal, Anthony Harrup, 11.Feb.2019) — President Andrés Manuel López Obrador said the Mexican government wants to revise natural-gas pipeline contracts with private companies under which the state-owned electric...
Latin America and Caribbean Mexico

IEnova Comments On Contract With Mexico’s CFE, and Its Employees

ENERGY ANALYTICS INSTITUTE (EAI)11/02/201912/02/2019
(IEnova, 11.Feb.2019) — Infraestructura Energética Nova (IEnova) clarifies the following regarding its natural gas pipelines in Mexico. IEnova is a Mexican company that has operated in the market for 22...
Latin America and Caribbean Mexico

Mexico Says Not Considering Importing More Crude Oil

ENERGY ANALYTICS INSTITUTE (EAI)28/01/201929/01/2019
(Reuters, 28.Jan.2019) — Mexico is not considering importing any more crude oil after it imported from the United States at the end of last year, Energy Secretary Rocio Nahle told...
Latin America and Caribbean Mexico

Can Mexico Stop Its Oil Production Decline?

ENERGY ANALYTICS INSTITUTE (EAI)24/01/201926/01/2019
(Oilprice.com, Tsvetana Paraskova, 24.Jan.2019) — Five years after former president Enrique Peña Nieto ended Pemex’s monopoly and opened Mexico’s oil industry to private foreign investment, the new administration is betting...
Latin America and Caribbean Mexico

LatAmNRG Briefs: BAML Says Mexico’s Fuel Shortages Will Not Impact Inflation

ENERGY ANALYTICS INSTITUTE (EAI)16/01/201917/01/2019
[caption id="attachment_6297" align="alignnone" width="1024"] Source: La Jornada[/caption] (Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Heard on the street and LatAmNRG briefs on Mexican petroleum sector backs AMLO actions against fuel...
Latin America and Caribbean Mexico

Mexican Oil Theft Even Reached Drilling Rigs, President Says

ENERGY ANALYTICS INSTITUTE (EAI)15/01/201915/01/2019
(Reuters, 15.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages...
Latin America and Caribbean Mexico

Pemex Urges Citizens To Avoid Panic Shopping For Fuel

ENERGY ANALYTICS INSTITUTE (EAI)09/01/201917/01/2019
(Pemex 9.Jan.2019) — The Mexican Government, through Petróleos Mexicanos, calls for the public to avoid panic shopping, as this could generate a fuel shortage. Once more, it reminds the public...
Latin America and Caribbean Mexico

Fuel Theft Offensive Causes Gasoline Shortage In Mexico

ENERGY ANALYTICS INSTITUTE (EAI)07/01/201907/01/2019
(Oilprice.com, Irina Slav, 7.Jan.2019) — Mexican drivers in several states are struggling to fill their tanks as the new government fights massive fuel theft by seeking to move more gasoline...
Latin America and Caribbean Mexico

Mexico Fuel Theft Crackdown Sparks Shortages, Puts Gov’t On Defensive

ENERGY ANALYTICS INSTITUTE (EAI)07/01/201910/01/2019
(Reuters, 7.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Monday that his crackdown against fuel theft was yielding positive results, even as the intervention sparked severe fuel shortages...
Latin America and Caribbean Mexico

Pemex Makes Progress In Supplying Fuel To Affected States

ENERGY ANALYTICS INSTITUTE (EAI)06/01/201910/01/2019
(Pemex, 6.Jan.2019) — By mandate of the Mexican Government, Pemex has made significant progress in restoring fuel distribution, using various alternative supply lines in the affected states. Although there have...
Latin America and Caribbean Mexico

Pemex Responds To Delays In Fuel Distribution

ENERGY ANALYTICS INSTITUTE (EAI)05/01/201910/01/2019
(Pemex, 5.Jan.2019) — Petróleos Mexicanos reports that safer transportation methods are being used  as part of the Joint Plan of the Mexican Government to combat fuel theft, which has caused...
Latin America and Caribbean Mexico

Mexico Kicks Off War On Its Vast Black Market For Oil

ENERGY ANALYTICS INSTITUTE (EAI)01/01/201902/01/2019
(Wolf Street, Don Quijones, 1.Jan.2019) — “We’re not just talking about the theft of oil, but about a plan involving government insiders and a complex distribution system. It’s not easy...
Latin America and Caribbean Mexico

Mexico’s Renewed Focus On Oil And Natural Gas

ENERGY ANALYTICS INSTITUTE (EAI)30/12/201831/12/2018
(Forbes, Jude Clemente, 30.Dec.2018) — Mexico’s new President Andrés Manuel López Obrador(AMLO) took office on December 1 and will serve one six-year term. It was the largest landslide in Mexico’s...
Latin America and Caribbean Mexico

Mexican President Calls Fuel Theft An Inside Job

ENERGY ANALYTICS INSTITUTE (EAI)30/12/201802/01/2019
(AP, 30.Dec.2018) — The theft of US$3 billion in fuel every year from Mexico’s state-run fuel depots and pipelines is an inside job, the country’s new president said Thursday. President...
Latin America and Caribbean Mexico

Mexico Aims To Boost Crude Output

ENERGY ANALYTICS INSTITUTE (EAI)19/12/201820/12/2018
(AP, 19.Dec.2018) — Mexican President Andres Manuel Lopez Obrador detailed plans Saturday to “rescue” the national oil industry by boosting crude production at the state-owned oil company by 45 per...
Argentina Colombia Latin America and Caribbean Mexico North America USA

Colombia Looks To Fracking To Revert Declining Production

ENERGY ANALYTICS INSTITUTE (EAI)17/12/201817/12/2018
(NGI, Christopher Lenton, 17.Dec.2018) — Though hydraulic fracturing (fracking) has transformed the energy sector in the United States, only Argentina in Latin America has followed its lead in commercially developing...
Chile Latin America and Caribbean Mexico Peru Uruguay

LatAmNRG Briefs: Chile, Mexico, Peru, Uruguay

ENERGY ANALYTICS INSTITUTE (EAI)16/12/201817/12/2018
(Energy Analytics Institute, Jared Yamin, Ian Silverman and Aaron Simonsky, 16.Dec.2018) — Heard on the street and other LatAmNRG briefs from Chile on its $515 million Energy Access Fund, Mexico’s...
Latin America and Caribbean Mexico

National Hydrocarbon Plan Aims To Rescue Petróleos Mexicanos

ENERGY ANALYTICS INSTITUTE (EAI)15/12/201825/12/2018
(Energy Analytics Institute, Jared Yamin, 15.Dec.2018) — With the intervention of the Mexican government the most important company in the country will be rescued so that it becomes, once again,...
Latin America and Caribbean Mexico

Mexico Aims To Rescue Pemex With Gov’t Help, Says Oropeza

ENERGY ANALYTICS INSTITUTE (EAI)15/12/201828/12/2018
[caption id="attachment_5666" align="alignnone" width="2850"] Petróleos Mexicanos General Director Ing. Octavio Romero Oropeza. Source: Pemex[/caption] (Pemex, 15.Dec.2018) — The general director of Petróleos Mexicanos, Eng. Octavio Romero Oropeza, affirmed that with...
Latin America and Caribbean Mexico

Mexico Cancels Bidding On Two Oil, Gas Auctions

ENERGY ANALYTICS INSTITUTE (EAI)12/12/201813/12/2018
(Houston Chronicle, Sergio Chapa, 12.Dec.2018) — The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more...
Latin America and Caribbean Mexico

Mexico’s New Gov’t Starts Oil Industry Reform With $8-Bn Refinery Overhaul

ENERGY ANALYTICS INSTITUTE (EAI)10/12/201810/12/2018
(Reuters, Alexandre Meneghini, 10.Dec.2018) — Mexico’s new government detailed plans Sunday to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador and to...
Latin America and Caribbean Mexico

AMLO Announces National Plan For Pemex Refineries

ENERGY ANALYTICS INSTITUTE (EAI)09/12/201809/12/2018
(Energy Analytics Institute, Jared Yamin, 12.Dec.2018) — Mexico’s President Andrés Manuel López Obrador presented the country’s National Refining Plan, which includes rehabilitation of six Pemex refineries, and construction of another...
Latin America and Caribbean Mexico

Mexico’s President AMLO Appoints New Pemex CEO Romero

ENERGY ANALYTICS INSTITUTE (EAI)07/12/201807/12/2018
(Energy Analytics Institute, Jared Yamin, 7.Dec.2018) — Mexico’s President Andrés Manuel López Obrador appointed Engineer Octavio Romero Oropeza as the new CEO of Pemex. Romero assumed the position on December...
Asia Latin America and Caribbean

AMLO’s Road Toward Energy Independence Is Full Of Potholes

ENERGY ANALYTICS INSTITUTE (EAI)07/12/201809/12/2018
(Bloomberg, Amy Stillman, 6.Dec.2018) — In the tropical heat of southeastern Mexico, bulldozers prep the site of a massive new crude refinery on the outskirts of Paraiso, an impoverished oil...
Latin America and Caribbean Mexico

Mexico’s New President Throws Down Gauntlet To Oil Majors

ENERGY ANALYTICS INSTITUTE (EAI)05/12/201806/12/2018
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) — Mexico’s new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national...
Latin America and Caribbean Mexico

Mexico’s Oil Crisis Deepens

ENERGY ANALYTICS INSTITUTE (EAI)27/11/201828/11/2018
(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...
Latin America and Caribbean Mexico

Bright Star of Mexico’s Energy Reform Bowing Out Of Spotlight

ENERGY ANALYTICS INSTITUTE (EAI)15/11/201815/11/2018
(NGI, Ronald Buchanan, 15.Nov.2018) — One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos...
Latin America and Caribbean Mexico

Officials At Mexico’s Central Bank, Oil Regulator Resign

ENERGY ANALYTICS INSTITUTE (EAI)14/11/201815/11/2018
(Financial Times, Jude Webber, 14.Nov.2018) — A deputy governor of the Bank of Mexico and head of the country’s oil regulator have both stepped down early from their posts, a...
Latin America and Caribbean Mexico

Mexico Should Fix Pemex Finances Before New Refining Investments: IMF

ENERGY ANALYTICS INSTITUTE (EAI)08/11/201812/11/2018
(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...
Latin America and Caribbean Mexico

Fitch’s Mexico Outlook Downgrade Based On Energy Policy Uncertainty

ENERGY ANALYTICS INSTITUTE (EAI)06/11/201808/11/2018
(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 Andrés Manuel...
Latin America and Caribbean Mexico

Mexico Spends $1.2 Billion To Lock In Crude Rally For 2019

ENERGY ANALYTICS INSTITUTE (EAI)30/10/201801/11/2018
(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...
Latin America and Caribbean Mexico

Private Investment To Drive Mexico’s Oil Production Growth

ENERGY ANALYTICS INSTITUTE (EAI)24/10/201826/10/2018
(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...
Latin America and Caribbean Mexico

President-elect Lopez Obrador Slams Pemex For Crude Import Plan

ENERGY ANALYTICS INSTITUTE (EAI)23/10/201824/10/2018
(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...
Latin America and Caribbean Mexico

Mexico’s Next Government Faces Bind In Pemex Ethane Deal

ENERGY ANALYTICS INSTITUTE (EAI)17/10/201821/10/2018
(Reuters, Diego Oré, 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...
Latin America and Caribbean Mexico

Mexico’s AMLO Presses Big Oil To Start Pumping From Recent Finds

ENERGY ANALYTICS INSTITUTE (EAI)16/10/201818/10/2018
(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 Andrés Manuel López Obrador...
Latin America and Caribbean Mexico

Mexico And Brazil’s Crude Politics

ENERGY ANALYTICS INSTITUTE (EAI)16/10/201818/10/2018
(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...
Latin America and Caribbean Mexico

Texas Would Have A ‘Party’ If Mexico Prohibited Fracking

ENERGY ANALYTICS INSTITUTE (EAI)16/10/2018
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect Andrés Manuel López Obrador (AMLO), would be an error that would benefit...
Latin America and Caribbean Mexico

Mexico’s Lopez Obrador Pushes Big Oil To Hurry, But Offers Little

ENERGY ANALYTICS INSTITUTE (EAI)16/10/2018
(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...
Latin America and Caribbean Mexico

Mexico’s President-Elect AMLO Commits to Respect Oil Contracts

ENERGY ANALYTICS INSTITUTE (EAI)02/10/201803/10/2018
(Renaissance Oil Corp., 2.Oct.2018) — Renaissance Oil Corp. announced that Mexico's president-elect, Andres Manuel Lopez Obrador, who will take office on December 1, 2018, assured private energy executives on September...
Latin America and Caribbean Mexico

Obrador’s Government Will Renovate Refineries of Petroleos Mexicanos

ENERGY ANALYTICS INSTITUTE (EAI)01/10/201802/10/2018
(Prensa Latina, 1.Oct.2019) — The government of elected president Andres Manuel Lopez Obrador will make a strong investment to rehabilitare the six refineries presently property of Petroleos Mexicanos (Pemex) in...
Latin America and Caribbean Mexico

Mexico Must Double Oil Exploration Spending to Halt Output Fall: Pemex

ENERGY ANALYTICS INSTITUTE (EAI)28/09/201802/10/2018
(Reuters, Marianna Parraga, David Alire Garcia, 28.Sep.2018) — Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a...
Mexico

Interview: Pemex’s CEO Expects FID for Four New Fields in 2019

ENERGY ANALYTICS INSTITUTE (EAI)27/09/201802/10/2018
(S&P Global Platts, Daniel Rodriguez, 27.Sep.2018) — Mexico’s state oil company Pemex expects to make a final investment decision (FID) and begin development of its Ixachi, Pokche, Xikin, and Suuk...
Latin America and Caribbean Mexico

Mexico Oil Production to Reach 2.6 MMb/d by 2025: Lopez Obrador

ENERGY ANALYTICS INSTITUTE (EAI)11/09/201818/09/2018
(S&P Global Platts, Daniel Rodriguez, 11.Sep.2018) — Mexico's President-elect Andres Manuel Lopez Obrador said Sunday he plans to focus on developing and exploring onshore and shallow water areas under the...
Latin America and Caribbean Mexico

AMLO to Continue Drilling Service Contracts

ENERGY ANALYTICS INSTITUTE (EAI)06/09/201808/09/2018
(Bloomberg, Amy Stillman and Eric Martin, 6.Sep.2018) — Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the...
Latin America and Caribbean Mexico USA

AMLO Says NAFTA Preserves Energy ‘Sovereignty’

ENERGY ANALYTICS INSTITUTE (EAI)28/08/2018
(Reuters, 28.Aug.2018) — Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the U.S. to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved...
Latin America and Caribbean Mexico

AMLO Eyes Mexican Oil Output at 2.5 MMb/d

ENERGY ANALYTICS INSTITUTE (EAI)22/08/2018
(Energy Analytics Institute, Jared Yamin, 22.Aug.2018) – Mexico’s President-elect Andrés Manuel López Obrador announced plans to boost Mexico’s crude oil production to 2.5 million barrels per day (MMb/d) by 2021...
Latin America and Caribbean Mexico

Mexico’s Gov’t to Focus on Boosting Fuel Output

ENERGY ANALYTICS INSTITUTE (EAI)12/07/2018
(Reuters, 12.Jul.2018) – Mexico’s next energy agenda will prioritize increasing gasoline and diesel production and later decide on possible changes to the industry reform championed by the outgoing government, according...

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Hess Announces 2021 E&P CAPEX Of $1.9bn

Work At Dos Bocas Continues [PHOTOS]

China Buys Venezuelan Oil Doctored To Skirt Sanctions

Italy Seeking Documents For Eni, Shell Nigeria Case

Suriname Latest Big Oil Find As Industry Cuts Costs

Exxon’s 4Q:20 Results Call

Vincent Pereira To Retire From BHP Trinidad

OFAC Targets Individuals And Entities Helping Maduro

Driller Stuns Creditors As Argentina’s Dollars Dwindle

CSI Compressco Announces Quarterly Distribution

CSI Compressco On 4Q:20 Conference Call, Webcast

Ecopetrol On Sale Of Stake In Offshore Int’l Group

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The Caracas Metro: Still Standing For Now

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