Monday, December 10th, 2018
Andres Manuel Lopez Obrador (AMLO) has created concern in the oil sector due to his proposals against private investment. He sent a message to the oil firms that have won contracts in Mexico.
Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Dos Bocas (Tabasco). The expectations of the new government are high with this new facility, especially in terms of production.
Renaissance Oil Corp. (TSX-V: ROE) announced its third quarter 2018 results. The company reported record revenue and operating netback. The firm highlighted advancement in the development of its projects in the country.
The NOC’s new CEO, Octavio Romero, spoke about his plans for Pemex during the next six years.
ExxonMobil’s (NYSE:XOM) E&P President, Enrique Hidalgo, said that the firm will participate in Mexico’s upcoming tenders, so long as AMLO decides to continue with them.
The Energy Regulatory Commission (CRE) is now reporting propane prices in the country. These increased substantially last year, causing much dissatisfaction and other economic consequences. This metric has been showing a decrease in recent months, but these are still high compared to previous year.
Sierra Oil & Gas announced an agreement with Deutsche Erdoel AG (DEA AG) with the aim of integrating Sierra’s business with the German firm. This pact includes the well-known Zama field.
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