Last week marked a preliminary NAFTA 2.0 agreement between Mexico and the US, Fluvio Ruiz, incoming Director General of PEMEX Exploración y Producción, claimed the Ministry of Finance owed PEMEX MX$70 billion and OPEC members are gauging their options to compensate Iran’s dropping oil exports.
Ready to strike oil? Here’s your weekly […]Continue Reading →
US President Donald Trump and his Mexican counterpart Enrique Peña Nieto’s conference call to publicly announce the successful conclusion of a preliminary NAFTA 2.0 between the US and Mexico calls for a closer look at its implications for President-Elect López Obrador’s upcoming oil and gas policy.
In the first enacted version of NAFTA in […]Continue Reading →
Fluvio Ruiz Alarcón laid out the pillars of the next administration’s key legislative modifications to strengthen PEMEX on Aug. 19, shortly after he was nominated to be Director General of PEMEX Exploración y Producción. The former independent counsel for PEMEX said that to reinvigorate the NOC a number of measures were needed. The […]Continue Reading →
Abel Hibert, a close advisor of President-elect AMLO, denied a Wall Street Journal article that said López Obrador would suspend Mexico’s licensing rounds for two years. Meanwhile, Saudi Arabia cancelled Saudi Aramco’s IPO and French Total abandoned its business ventures in Iran due to the renewed US sanctions.
Ready to drill through […]Continue Reading →
Amid uncertainty concerning PEMEX’s credit rating in the near future, President-Elect López Obrador’s team and the incumbent administration are laying the groundwork of the country’s energy policy transition. Meanwhile, the US concluded its second oil and gas lease in the GoM of 2018 and its oil companies are facing higher production costs.
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Last week was rich in oil and gas news, from AMLO’s 25 priority projects to oil workers calling for oil syndicate leader Carlos Romero Deschamps to resign and PEMEX securing the Deer Park partnership with Shell. Meanwhile, Iraq reaches a new oil production record, the US reactivated Iran’s sanctions and Nexen is poised […]Continue Reading →