The following is the third and final part of an abridged transcription of the Round Zero Conference Call with PEMEX investors that took place last Friday morning. You can find the first part here, and the second part here. We have tried to limit the text to everything that is not directly read off the accompanying presentation, [...]Continue Reading →
The following is the first part of an abridged transcription of the Round Zero Conference Call with PEMEX investors that took place this morning. We have tried to limit the text to everything that is not directly read off the accompanying presentation, which you can download in Spanish from PEMEX’s website here, and which [...]Continue Reading →
Last Wednesday, amidst the rumors about a new deepwater oil discovery, Pemex came out with an official announcement through the media: the ‘Exploratus-1′ well has struck oil – light crude, to be specific. After several reports leaked information on the oil discovery during Monday and Tuesday, Carlos Morales Gil, Director General at Pemex E&P came [...]Continue Reading →
The necessary number of local congresses has ratified the energy reform only a little over three days after being approved in the Lower House. This unusual demonstration of consistent legislative expediency from the part of Mexican representatives all over the country is sure to inform the suspicions of many members of the opposition [...]Continue Reading →
It was in the midst of shouting matches, barricades and stripping politicians that the long-awaited Mexican Energy Reform passed the Lower House (in an alternate auditorium after access to the main house floor was blocked by members of the PRD opposition) Thursday morning. This came after yet another 20-hour legislative session in what [...]Continue Reading →
For further reading on the subject of yesterday’s post, you can check out this article on Romero Deschamps’ reaction to his exclusion from the Pemex Board of Directors in El Occidental, or this comparison between “La Quina” and Deschamps put together by ADN Político.
Energy reform has passed in the Mexican [...]Continue Reading →