This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.
In Latin America, […]
by Sara Warden
Mexican President Andres Manuel Lopez Obrador last week announced that measures will be taken to restore the economic solvency of the country’s heavily indebted national oil company, PEMEX, while the CNH had its budget reduced.
The president unveiled his intention to reduce the tax burden on PEMEX so that further investment can be delivered […]Continue Reading →
Last week, PEMEX’s different subsidiaries tackled monopolistic practices accusations in natural gas, disputing CRE’s established LPG rates and outlining deepwater drilling plans, while to-be Minister of Energy Rocío Nahle declared Mexico would not see any new E&P licensing rounds until 2021. Meanwhile, natural gas in the US is facing a perfect storm of increased […]Continue Reading →
Last week was the bearer of bad news for the oil and gas sector. CNH’s President Commissioner, Juan Carlos Zepeda, announced its early resignation six months prior to the end of his mandate. Moreover, the country’s private sector is alarmed over alleged natural gas supply contract cancellations scheduled for January 2019. Meanwhile, the US’ […]Continue Reading →
Last week, CNH approved stock ownership transfers from the Talos Energy, Sierra Oil & Gas and Premier Oil consortium to the benefit of Hokchi Energy and approved the exploration plans for the joint production contract between PEMEX and DEA Deutsche Erdoel. Meanwhile, the US is planning to waive eight countries to be allowed to […]Continue Reading →