Last week, PEMEX’s different subsidiaries tackled monopolistic practices accusations in natural gas, disputing CRE’s established LPG rates and outlining deepwater drilling plans, while to-be Minister of Energy Rocío Nahle declared Mexico would not see any new E&P licensing rounds until 2021. Meanwhile, natural gas in the US is facing a perfect storm of increased […]Continue Reading →
Accompanied by Tabasco’s Governor-elect, Adán Augusto López, incoming Minister of Energy, Rocío Nahle and incoming PEMEX Director General, Octavio Romero, President-elect López Obrador (AMLO) held a press conference in Tabasco’s Hilton hotel. This took place after a private meeting with different oil and gas players to address the challenges the industry will be facing […]Continue Reading →
Last week, President-Elect López Obrador confirmed the first days of its administration would oversee the execution of a drilling round for December 2018, ASEA inaugurated its digital platform, CRE merged the Contract Transfer Phases and CENAGAS has a natural gas storage asset ready to tender. Meanwhile, OPEC reached its highest production levels in 2018 […]Continue Reading →
Amid uncertainty concerning PEMEX’s credit rating in the near future, President-Elect López Obrador’s team and the incumbent administration are laying the groundwork of the country’s energy policy transition. Meanwhile, the US concluded its second oil and gas lease in the GoM of 2018 and its oil companies are facing higher production costs.
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Last week was rich in oil and gas news, from AMLO’s 25 priority projects to oil workers calling for oil syndicate leader Carlos Romero Deschamps to resign and PEMEX securing the Deer Park partnership with Shell. Meanwhile, Iraq reaches a new oil production record, the US reactivated Iran’s sanctions and Nexen is poised […]Continue Reading →
President-elect Andrés Manuel López Obrador (AMLO) reaffirmed former PEMEX insider Rocío Nahle as his choice to be Minister of Energy and named the chief clerk during his time as governor of Mexico City, Octavio Romero, to head up PEMEX. AMLO officially announced the nominations at a news conference in Mexico City last week.
At the […]Continue Reading →