Carlos Alberto Treviño Medina will be the new CEO of PEMEX as previous CEO José Antonio Anaya is shifted to the Ministry of Finance in a cabinet reshuffle by the Peña Nieto administration. Anaya’s move is to fill the gap left by José Antonio Meade who is leaving the Ministry of Finance and is pre-candidate […]Continue Reading →
PEMEX reported rises in both production of crude oil and exports in October. Crude oil production increased by 9.9 percent over September and exports by 15.8 percent reaching 1.902 million barrels per day and 1.342 million barrels per day respectively.
According to Carlos Murrieta Cummings, director of PEMEX Transformación Industrial, the […]Continue Reading →
Monday Nov. 20, 2018 presidential election candidate Andrés Manuel Lopez Obrador presented the National Development Plan of his party the Movimiento de Regeneración Nacional (MORENA). This 400 page document has a chapter dedicated to the energy sector within the strategic axis of economic development. This chapter starts with an analysis of Mexico’s hydrocarbons. […]Continue Reading →
Prices of gas LP, commonly used for cooking and heating in Mexico, rose by up to 60 percent in the first 10 months of 2017 as distributors raised prices citing high international prices and complicated logistics.
The inconstancy of Mexico’s exports of Olmeca grade crude oil is sending clients to look […]Continue Reading →
As the fifth round of negotiations of the North American Free Trade Agreement (NAFTA) starts on Friday, energy has remained out of the limelight.
The strategic tendency to see North America as one self-sufficient, integrated, energy producing area is generally prevalent within the three governments and the energy sector. The United States […]Continue Reading →
Chairman of the Board of Renaissance Oil, Ian Telfer, stated to Reuters on Wednesday, Nov. 8, that the company has plans for aggressive expansion in Mexico, potentially reaching 30 exploration blocks in the next five years.
According to industry insiders BP participated in Mexico’s 2018 oil hedge on which the government spent […]Continue Reading →