On March 18th 1938, Mexican president Lazaro Cardenas began the process of nationalizing all oil reserves, resources and facilities. Although this historic event is now perceived as an indispensable starting point for the modernization of post-revolutionary Mexico, it was at the time a culmination of over ten years of strikes and labor disputes between unyielding [...]Continue Reading →
Just how important a year is 2014 for the Mexican oil and gas industry?
Perhaps a clue can be found in the official memo filed with the Mexican Stock Exchange meant to summarize the monumental changes that are about to reshape the industry:
Decree that amends and [...]Continue Reading →
The necessary number of local congresses has ratified the energy reform only a little over three days after being approved in the Lower House. This unusual demonstration of consistent legislative expediency from the part of Mexican representatives all over the country is sure to inform the suspicions of many members of the opposition [...]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 →
After four months of debate, negotiation and controversy following the official announcement of the executive energy reform proposal back in early August, it appears that a workable agreement has been reached between the two dominating parties in Mexico’s legislative chambers (the center-right ruling party Partido Revolucionario Institucional, or PRI, and the right-leaning Partido [...]Continue Reading →
Last Tuesday, Energy Day 2013 took place in the Hotel Camino Real Polanco in Mexico City; industry leaders and prominent public officials listened to and participated in several discussions and debates regarding the most pressing issues that affect Mexico’s energy future. The event, organized by the British Chamber of Commerce, commenced with some [...]Continue Reading →