From the monthly archives: August 2018

 

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 […]

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President-elect AMLO opposed fracking techniques to produce shale oil and gas, his nominations to conduct Mexico’s future energy policy have sparked controversy and PEMEX’s numbers are in red. Meanwhile, OPEC’s production levels reach new heights and BHP Billiton is selling its US shale portfolio.

 

Ready to fuel up? Here’s your weekly news roundup:

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Andrés Manuel López Obrador (AMLO) has made clear that his administration will stop hydraulic fracturing (fracking) activities., the president-elect announced on July 31. This technique, commonly used in the US, has just started gaining traction in Mexico for the production of tight oil and gas (shale oil and gas). “We will not use this […]

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President-elect Andrés Manuel López Obrador (AMLO) reaffirmed former PEMEX insider Rocío Nahle as his choice to be Minister of Energy and named the chief clerk during his time as governor of Mexico City, Octavio Romero, to head up PEMEX. AMLO officially announced the nominations at a news conference in Mexico City last week.

At the […]

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