HOUSTON, TEXAS (By George Baker, 30.Jun.2026, Words: 715) — The current 2026 review of the United States-Mexico-Canada Agreement (USMCA) presents a pivotal opportunity for North American energy sector to its assert its role a pillar of trade and investment policy. Energy availability underpins manufacturing infrastructure and regional committed competitiveness across all […]
Tag: Andrés Manuel López Obrador (AMLO)
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President Andrés Manuel López Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that it was impossible to break it. López Obrador, also known as AMLO, made the statements on 26 Aug. 2024 during […]
Mexico’s New President Inherits an Economy in Shambles
(Industrial Info Resources, 6.Jun.2024) — Claudia Sheinbaum, Mexico’s president-elect, will inherit “a number of headaches” when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum’s predecessor, Andrés Manual López Obrador, or AMLO, Mexico’s economy deteriorated significantly. Notably, […]
Mexico President López Obrador Wins Recall Referendum
(The Guardian, 10.Apr.2022) — Nine in 10 Mexicans voting in an unprecedented recall election engineered by President Andrés Manuel López Obrador have backed him to stay in office, underlining his domination of a polarised political agenda. Critics and supporters had viewed his victory as a foregone conclusion in a ballot […]
KEI Responds to News AMLO’s Son Being Employed at the US Company
(KEI Partners, 15.Feb.2022) — Regarding misinformation currently being circulated by the Mexican press. About Our Office: The office at 4400 Post Oak Pkwy has existed since April 2014, through a lease agreement between the related company Vaquero Strategy and the landlord. KEI Partners, as well as our other affiliated companies mentioned […]
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NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]
In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
(The New York Times, 18.Jan.2022) — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston who secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company, which is acquiring […]
Colombia Presidential Favorite Gustavo Petro Wants to Form a Global Anti-Oil Bloc
(Bloomberg, 14.Jan.2022) — Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels. Oil and coal currently account for nearly half of Colombia’s exports, but Petro says if […]
NRGBriefs: CFIUS Approves Pemex’s Deer Park Refinery Purchase
(Energy Analytics Institute, 22.Dec.2021) — Energy briefs including Chile being chosen for the 2nd consecutive yr as the most attractive emerging mkt to invest in renewable energies in the LatAm region; AkerSolutions crossing the 36% mark in terms women among all hired personnel in Brazil; the Committee on Foreign Investment […]
Mexico’s President Earmarks $32B To Help Pemex Boost Oil Production
(Bloomberg, 9.Sep.2021) — Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production. The funds allocated for the state producer in a 2022 budget proposal, including operational spending, represent a 17% increase from this […]
Mexico Wins Over $2bn On Oil Hedge
(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 billion from its 2020 sovereign oil hedge, people familiar with the transaction said. In an ironic turn of events, Mexico […]
Mexico Announces Infrastructure Projects
(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 refineries as well as a liquefaction plant to export natural gas. The federal government and private industry will begin working […]
Mexico’s Environment Minister Resigns
(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 Minister Victor Manuel Toledo, an academic known for his views on sustainable agriculture and the environmental practices of Mexico’s indigenous […]
Mexico’s Obrador Says 2021 Budget Includes Refinery
(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 raise taxes. The Finance Ministry is due to present the budget next Tuesday, with the government facing scrutiny over an […]
Pemex’s Romero Pushes For Control Over Zama
(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 top official said on Wednesday. Pemex Chief Executive Officer Octavio Romero told a news conference the company believes most of […]
Pemex Supports Hidalgo Municipalities
(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 Fayad Meneses these vehicles worth 9.3 million pesos to be used in 12 municipalities in order to strengthen actions in […]
Mexico Budget Assumes 1982 Output Surge
(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 the country hasn’t achieved in almost four decades. Pemex, as the Mexican national oil producer is known, is expected 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 its investment grade rating. Fitch Ratings downgraded roughly $80 billion of bonds to speculative grade – or “junk” status – […]
Mexico To Cut Pemex’s Profit-Sharing Duty To 54%
(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, said Thursday. “Results from this plan might be huge, spectacular,” Velazquez said at a presentation at the Mexican Petroleum Congress. […]
Pemex: New Refinery Environmentally Viable
(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 government documents published late on Tuesday, but is described as otherwise viable. The documents cover environmental impacts declared by state […]
Mexico Moving Forward With Dos Bocas Refinery Construction In Tabasco
(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 six existing refineries owned by state oil company Petróleos Mexicanos, also known as Pemex. “The refinery will assist Mexico achieve […]
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 Andrés Manuel López Obrador of Mexico has launched its first major anticorruption prosecution, delivering on a central campaign promise by taking aim at corruption inside the ailing state-owned oil company. Bribery and tax fraud charges have […]
Mexico’s State Oil Entity Pemex Swings To Loss In First Quarter
(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 Mexican state oil company fell, results posted to the stock exchange showed on Tuesday. Revenues at Pemex were 356.3 billion […]
Mexico’s Oil Production In April 2019 Down 1% M-O-M, Down 10% Y-O-Y
(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 barrels per day (MMb/d) in April 2019, down slightly 1% from 1.694 MMb/d in March 2019 and down 10% compared […]
7 Oil & Gas Problems That Mexico Must Solve
(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 still account for 20-25% of the federal budget. Amid plummeting production, the country has actually been very lucky that domestic […]
CNH Reports 6.9% Drop In Mexico’s Combined 1P Reserves
(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% to 7.9 billion barrels of oil equivalent (Bn boe) in 2019 compared to 8.5 Bn boe in 2018, the agency […]
Q&A: Mexico Oil Regulator Says Slow Wins The Race
(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 prove viable, but President Andres Manuel Lopez Obrador says the results so far are underwhelming. CNH commissioner Alma America Porres […]