Gasoline and natural gas price hikes are feeding Mexico’s inflation while the Attorney General Office is dealing with PEMEX’s complaints. Meanwhile, global oil production is set to ramp up in the 2018-19 horizon.
Ready to fuel up? Here’s your weekly news roundup:
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The Energy Reform has expanded PEMEX’s horizons and will permit it to look for participation opportunities outside Mexico, José Antonio Escalera Alcocer, Director of Exploration at PEMEX E&P, told the Mexico Oil & Gas Summit 2017 on Wednesday at the Mexico City Hotel Sheraton María Isabel.
“As a company, PEMEX had been invited to participate […]Continue Reading →
Shock waves are going through the global oil and gas markets. Oil prices have received a substantial low-blow over the past month and today the WTI sits just under US$6 per barrel, the Brent is at US$69 and the Mexican crude oil basket hovers at US$59.
Evidenced in EIA’s Short-Term Energy Outlook published this past […]Continue Reading →
During Friday’s morning (February, 7th), news broke of Carlos Morales Gil stepping down as Director General of Pemex E&P for “personal reasons”. This comes at a moment of change for the Mexican NOC, just between the approval of the Energy Reform and the deadline for Congress to delineate the scope of the secondary laws that […]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 →
Once the 2013 edition of the Mexican Petroleum Congress (CMP) has been left behind, it is important that all its participants carry on with the spirit of innovation that it conveyed: “Talent to innovate: today’s commitment for tomorrow’s Mexico.” The industry’s recent developments have left the country with a huge trial up front: to continue […]Continue Reading →