(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 […]
Tag: Andres Manuel Lopez Obrador
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’s Electricity Reform Draws Opposition from Investors, US
(The Washington Post, 16.Apr.2022) — Mexico’s congress will decide on Sunday whether to give the government near-total control over the country’s electricity sector in what analysts consider one of the […]
Mexico’s President Reversing Energy Reforms, Hurting Oil Production
(Houston Public Media, 12.Apr.2022) — President Andrés Manuel López Obrador is using administrative measures to undermine the free-market reforms enacted in 2013. As a result, Mexican oil production is now […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador […]
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 […]
Pemex Swings To $3.8bn Loss In Third Quarter
(Ft.com, 28.Oct.2021) — Mexico’s state oil company reported a 77.2bn peso ($3.8bn) loss in the third quarter of the year because of a higher tax burden and large foreign exchange losses from […]
Mexico Lowers Pemex Tax Burden
(S&P Global Platts, 28.Oct.2021) — The Mexican government has reduced the tax rate that state oil company Pemex will pay in 2022 to 40% from 54% currently, which could help […]
Mexico’s Government To Assume Pemex’s Debt Payments
(Bloomberg, 28.Oct.2021) — Mexico President Andres Manuel Lopez Obrador, the great champion of his beloved but beleaguered state-owned oil giant, may be making his boldest move yet to keep it […]
Mexico Moves To Re-Nationalize Energy Markets
(Forbes, 28.Oct.2021) — Recent moves by Mexico’s government targeting the country’s energy industry have led to increasing concerns that President Andrés Manuel López Obrador (AMLO) intends to ultimately re-nationalize the […]
Mexico Presents Plan To Shutter Private Power Plants
(AP, 11.Oct.2021) — Mexico’s president presented details on Monday of a proposal that is likely to squeeze out hundreds of private power generating plants and may provoke complaints under the […]
NRGBriefs: Blinken Visits Lopez Obrador In CDMX
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including US secretary of state Antony Blinken visiting Mexico City for the US-Mexico high-level security dialogue; Petrobras planning to boost petrol and cooking […]
Pro-Pemex Bill Clears Mexico’s Lower House
(Bloomberg, 22.Apr.2021) — Mexico’s lower house of congress on Wednesday approved a reform to the country’s hydrocarbon law that removes one of the linchpins to promote private competition against state-run […]
How Pemex’s Wings Got Clipped
(Reuters, 30.Mar.2021) — Shortly before taking office late in 2018, President Andres Manuel Lopez Obrador vowed to boost crude oil production at Mexican giant Pemex by nearly half, following more […]
Lopez Obrador Eyes Oil Permits
(Reuters, 26.Mar.2021) — Lopez Obrador argues previous administrations skewed the energy market in favor of business interests and were intent on carving up national oil firm Petroleos Mexicanos (Pemex) and […]
Mexico Seeks Better Terms From Vitol
(Reuters, 22.Mar.2021) — Mexico is looking to renegotiate some of its hundreds of millions of dollars-worth of contracts with Vitol SA after the global energy trader acknowledged paying kickbacks to […]
Mexican Electric Law Temporarily Cut
(Argus, 11.Mar.2021) — A court temporarily suspended Mexico’s new electricity law yesterday, a day after it took effect, signaling the start of a wave of litigation against the controversial reform. […]
Mexico Looks to Strengthen Energy Sector
(Energy Analytics Institute, 18.Feb.2021) — Mexico’s President Andrés Manuel López Obrador said the recent Texas freeze that saw many residents in the state lose power and water service, demonstrated why […]
Mexico Presses US To Guarantee Gas Supplies
(Reuters, 17.Feb.2021) — The Mexican government called the top U.S. representative in Mexico on Wednesday to press for natural gas supplies after the Texas governor ordered fuel to remain in […]
Mexican President Wants To Dissolve Energy Regulators
(Argus, 8.Jan.2021) — Mexican President Andres Manuel Lopez Obrador plans to dissolve Mexico’s independent energy, telecommunications and competition regulators, incorporating them into government ministries. “These organizations have only served as […]
AMLO’s Nationalism Casts Energy Projects Into Limbo
(Bloomberg, 22.Dec.2020) — Mexican President Andres Manuel Lopez Obrador’s hardball tactics against foreign energy companies are halting projects and reversing a process that until recently made the country one of […]
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 […]
Mexico to Give Sempra LNG Export Permit
(Reuters, 13.Nov.2020) — Mexico will give the local unit of U.S.-based Sempra Energy an export permit for a liquefied natural gas (LNG) facility in northwest Mexico, as long as the […]
Latin America Peers Warily Into US Election Mirror
(Argus, 30.Oct.2020) — The region’s recovery from Covid-19 will depend heavily on who is dictating US policy, writes Patricia Garip. Waves of political chaos that recurrently engulf Latin America were […]
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 […]
Morena Seeks End To Mexico’s Energy Investment
(Argus, 15.Sep.2020) — Mexico’s ruling Morena party presented a constitutional reform proposal that would roll back the historic 2014 energy reform and seek to rescind all contracts awarded to date. […]
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 […]
Power Rate Hike To Hurt Renewable Energy Firms
(Reuters, 11.Jun.2020) — An influential Mexican business lobby on Thursday warned a hike in the price that private power producers pay to access the country’s main electricity transmission grid will […]
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 […]
Energy Dispute Deepens Between In Mexico
(Reuters, 16.May.2020) — The European Union and Canada have formally raised concerns to Mexico about rules they say endanger renewable energy projects, escalating tensions with its government, which late on […]
Mexico Indefinitely Halts New Clean-Energy Plans
(Bloomberg, 2.May.2020) — Mexico’s Centro Nacional de Control de Energia (Cenace), which oversees the electrical system, indefinitely suspended critical tests for new clean-energy projects as the nation grapples with the […]
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 […]
Pemex Received First Payment From Its Hedge
(Bloomberg, 12.Mar.2020) — Petroleos Mexicanos received its first payment from its annual oil hedge, as prices fell the most in three decades amid a producer battle for market share, and […]
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 […]
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 Hopes Gulf Discoveries Mesh With New President’s Goals
(Houston Chronicle, Jordan Blum, 11.Oct.2018) — Leaders of Mexico’s state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López Obrador, who spoke of rolling […]
AMLO Sees EOR, Pemex Farm-Outs As Key To Boosting Mexican Oil, Gas Output
(S&P Global Platts, Daniel Rodriguez, 4.Oct.2018) — Mexico’s President-elect Andres Manuel Lopez Obrador will allow Pemex to continue farming out projects to boost oil and natural gas production from mature […]
Mexico’s New President Should Postpone Oil Auctions: Former Pemex Official
(Reuters, Collin Eaton, 19.Sep.2018) — A former Petroleos Mexicanos board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to change the nation’s energy law […]
AMLO Plans Massive New Oil Refinery
(OilPrice.com, Irina Slav, 5.Sep.2018) — Mexico’s President Andres Manuel Lopez Obrador has plans to build the country’s largest refinery with a capacity to produce 400,000 barrels of gasoline daily, Reuters […]
Mexico’s New President To Deal Blow To Oil Industry
(Oilprice.com, Nick Cunningham, 26.Aug.2018) — Mexico will likely halt oil auctions for at least two years, dealing a blow to its oil industry. Mexico’s president-elect Andres Manuel Lopez Obrador (AMLO) […]
Gas Producers Counting on Mexico Have Worries
(Houston Chronicle, Katherine Blunt, 24.Aug.2018) — For years, U.S. producers have counted on Mexico to buy enormous quantities of natural gas from the prolific shale fields in West Texas and […]
Mexico’s Struggling Pemex Awaits New President’s Risky Fix
(Bloomberg, Amy Stillman, 14.Aug.2018) – By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it. But the treatment could end […]