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 →
Many actors in the energy industry have aired their views about the reform since President Enrique Peña Nieto announced his proposal on it last Monday. While many explanations are still pending on the specifics for the reform to succeed, the main outline already looks promising as a step in the right direction. One of the [...]Continue Reading →
Pemex just announced its financial results for the second quarter of 2013. As it has been widely reported throughout the day, the news was not good: the NOC reported losses of US$3.8 billion, the highest since the third quarter of 2011. Most of these losses were generated by a steady decline in crude [...]Continue Reading →