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Mexico’s energy sector faced more challenges this week as President Andrés Manuel López Obrador continued to cast doubts over contracts signed during the previous administration. However, citizens will have been happy to hear about his intentions to keep electricity bills low.

Here is a rundown of the big news in the energy sector this week.

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The Commision Regulatoria de Energia was created to provide the Mexican energy sector with transparency and efficiency. This week’s interview of the week is with President Commissioner of CRE, Guillermo Garcia. H has over 10 years experience in the energy industry and was directly involved in the drafting of the Energy Reform.

Q: What […]

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After filing for insolvency in Sept. 2018, Oro Negro’s creditors attempted to take over five oil platforms. Mexico’s private sector defended industry’s regulators, CRE and CNH against a parliamentary initiative to integrate both commissions to the Ministry of Energy. Meanwhile, IEA adjusts Venezuela crude oil production on the low end and ExxonMobil and Shell […]

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MORENA’s legislative body is looking to install CRE and CNH under the Ministry of Energy, effectively endangering their technical, operative and administrative autonomy and President-elect López Obrador is conditioning future licensing rounds to the success of Mexico’s 107 already signed contracts. Meanwhile, ExxonMobil and Shell are betting on natural gas while the US is […]

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In the week that Mexico, Canada and the US concluded negotiations for the new USMCA trade agreement, CNH advised an action plan to reach the next administration’s crude oil production targets, approved Talos Energy’s appraisal plan for Zama and authorized Jaguar E&P’s farmout with Vista Oil & Gas. Meanwhile, Argentina is poised to […]

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Last week, President-Elect López Obrador confirmed the first days of its administration would oversee the execution of a drilling round for December 2018, ASEA inaugurated its digital platform, CRE merged the Contract Transfer Phases and CENAGAS has a natural gas storage asset ready to tender. Meanwhile, OPEC reached its highest production levels in 2018 […]

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