The election of Andres Manuel Lopez Obrador (AMLO) has created a lot of uncertainty in the Mexican energy sector due to his proposals against private investment. However, oil firms have shown their intention to continue working in the country and Petrobal expressed its interest to continue investing.
Election of Andres Manuel Lopez Obrador (AMLO) has created a lot of uncertainty in the Mexican energy sector. However, companies in the sector have shown their optimism about their future in the sector and possible alliances are on the way.
The Mexican Association of Hydrocarbon Companies (Amexhi) projected oil production behavior in Mexico, with negative results. The Association talked about Andres Manuel Lopez Obrador’s (AMLO) plans in the sector, their viability and new participants’ role in the sector.
Andres Manuel Lopez Obrador (AMLO), president-elect of Mexico, has made several proposals for the oil sector, creating concerns among new participants and investors. Sierra Oil & Gas talked about AMLO’s proposals.
Colombia’s National Oil Company Ecopetrol (NYSE: EC) is betting on offshore projects in Colombia and abroad to improve its long-term prospects. The firm plans to increase its presence in Latin America and Mexico is one of the main targets for Colombian company.