On Wednesday, the Superior Audit of the Federation (ASF), an independent institution recommended the government review the proposals and strategies of the Energy Reform to meet the expectations raise d in 2013. The recommendation was given in the third installment of the ASF’s Public Account Report 2017. This document specifies that during the period 2013-2017 […]Continue Reading →
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
On Nov. 3, 2017, Mexican president Enrique Peña Nieto announced the PEMEX’ “biggest onshore discovery in the last fifteen years.” The light-oil discovery was made in the Veracruz basin, 40 kms northeast of Cosamaloapan, Veracruz. This discovery represents 1,500 million bcoe while the field’s estimated reserves are 350 million bcoe.
According to analysts […]Continue Reading →
Reshaping the legal framework of Mexico’s constitution in energy terms was thought of as an impossible feat to attain. Nonetheless, in less than a year after the unprecedented Energy Reform’s proposal, the reality is now set to sink in sooner than later. The reform is expected to change paradigms that the country’s energy […]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 →
It has been over six months since the basement of Pemex Tower B2 was torn apart by a ball of fire that ended the life of thirty-seven people and injured over a hundred and twenty. What was once surrounded by mystery and speculation (the basement housed a part of Pemex’s archives) has now […]