Andrés Manuel López Obrador (AMLO), President of Mexico, has generated much controversy for his policies for the energy sector. However, some companies have shown their support for his positions.
Energy Reform allowed the entry of new players to the Mexican oil industry, ending Pemex’s monopoly of more than 80 years. Italy’s ENI announced major advances in an offshore project.
New players registered the highest fuel import levels in Mexico, since Energy Reform was enacted. The development of these and more stories in our periodic Retail summary.
The National Hydrocarbons Commission (CNH) approved Pemex’s plan to explore an onshore field and develop unconventional resources. Here is what the government had to say.
President Andres Manuel Lopez Obrador (AMLO) held a private auction of oil services to help improve the operational metrics of Pemex. Marinsa won one of these contracts and the firm will start working quickly.
Oro Negro, a Mexican oil service company, filed for bankruptcy recently because it could not reach an agreement with its creditors after two years of negotiations, reflecting the reality of the national oil sector.
Shell (LON:RDSB) spoke about its investment plan for five out of the nine areas it won in Round 2.4. Here are the details.
The companies that won blocks in the past oil rounds continue to show their optimism about the results of their projects in the short and medium term in Mexico. Petrobal talked about its plans and gave an estimated date to start producing oil in the country.
Energy Reform allowed new players to enter the energy market and private companies have big investment plans for the country. IEnova announced its investment budget for its gas pipeline network in Mexico.
The National Hydrocarbons Commission (CNH) approved the development of an evaluation well by Australia’s BHP Billiton (LON: BLT). Here are the details.
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