Last week, at the 2014 World Economic Forum Annual Meeting in Davos, Switzerland, Mexican President Enrique Peña Nieto and certain key members of his cabinet were kept busy by a series of treaties and cooperation agreements that Mexico signed with various states and companies. In total, Mexico managed to lock down over US$7.3 [...]Continue Reading →
2013 will no doubt be remembered as a decisive year for the Mexican oil and gas industry. Although there are obvious reasons why this statement rings true (Energy Reform being chief among them), perhaps it is important to briefly go over certain overlooked industry developments from 2013. It is possible that we then [...]Continue Reading →
The following is a translation of an interview given by Pemex CEO Emilio Lozoya Austin to the newspaper Reforma, published today in the “Negocios” section under the byline of journalist Alexandra López.
What is next in the short term for Pemex?
In the very short term, the first thing we will see is the internal [...]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 →
Yesterday, it was announced that a recently attached provision to the energy reform (which was apparently necessary to get the PAN’s support) eliminated the participation of the Pemex union in the Pemex board of directors. The revelation caused a bit of a stir; Carlos Romero Deschamps, senator and current leader of said union, [...]Continue Reading →