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 →
After delaying the announcement for a week, President Peña Nieto finally unveiled his energy reform proposal at 11:00am on August 12th, 2013. In a ceremonial act that took place at Los Pinos, the current administration gave a general outline on what the energy reform document submitted […]Continue Reading →
On Thursday last week, a panel was held at the Instituto Tecnologico Autónomo de México (ITAM) to introduce a new report on the Mexican oil and gas industry, titled “A New Beginning for Mexican Oil: Principles and Recommendations for a Reform in Mexico’s National Interest”. The report was produced after a series of […]Continue Reading →
Twenty-one years ago, a new Pemex Law was approved, which included the first step towards Pemex modernization: the law determined the creation of a corporate governance structure, and four subsidiaries – Pemex Exploration and Production, Pemex Refining, Pemex Gas and Basic Petrochemicals, and Pemex Petrochemicals. Last Wednesday, the new members of Pemex’s Board decided to […]Continue Reading →
“The shipbuilding industry in Mexico has remained dormant for almost 20 years. Little has been achieved, and except for a handful of vessels built in Mazatlán, efforts to develop this industry have been extremely vague. Nothing can compare to the level of construction we had in the 80s and 90s.”
– Ing. Gabriel Delgado […]Continue Reading →