New President, Andres Manuel Lopez Obrador (AMLO) has promised several things for the Mexican energy sector. However, he will have to overcome enormous challenges to fulfill his intentions in the next six years. Experts analyzed the viability of the AMLO promises.
The constant competition between Mexican and American gas stations has caused economic losses of up to 30% for Mexican gas stations on the border in Tamaulipas. The development of these and more stories in our periodic Retail summary.
Pemex is facing a difficult operational and financial situation in all its business areas, but refining has been one of the most affected. The National Refinery System (SNR) is working at very low efficiency rates.
Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Mexico in the next three years, and this will have implications for Pemex. Arturo Herrera, AMLO’s undersecretary of finance, spoke about the implications of this project for the NOC.
Carlos Treviño, CEO of Pemex, made an important announcement about the Ixachi onshore field located in the state of Veracruz. The firm increased the prospects for 3P reserves in this area, after its discovery in November 2017. The NOC expects this field to start producing soon.
After rumors of being pressured by AMLO’s team to leave the National Hydrocarbons Commission (CNH), Juan Carlos Zepeda explains why he decided to leave office before his time was up.
Pemex crisis has affected the Mexican oil regions, but local companies are preparing to take advantage of the opportunities offered by the new exploration and production contracts signed in past oil rounds. The Secretary of Economic and Port Development of Veracruz (Sedecop) is playing a key role in this process.
The Federal Board of Conciliation and Arbitration (JFCA) will receive objections against the elections at the Mexican Republic Oil Workers Union (STPRM). These and other stories in our periodic summary of labor-related issues.