Andrés Manuel López Obrador (AMLO) has promised to reactivate and boost the oil sector to recover the lost ground in recent years. Michal Lynch, Researcher at the Massachusetts Institute of Technology (MIT), analyzed the country oil potential and its future.
Carlos Morales Gil worked at Pemex for more than 40 years, but he submitted his resignation a few years ago to move to the private sector to PetroBal. The firm won an important block in the past oil rounds, generating a debate in the country.
The National Hydrocarbons Commission (CNH) recently published total hydrocarbons reserves during 2018. As expected, these decreased, and there is no possible solution for the short or medium term.
AMLO and the Energy Federal Commission (CFE) made accusations against top global firms like Carso, IEnova and Transcanada for alleged ‘irregularities’ in their contracts. Here are the details.
Andres Manuel Lopez Obrador (AMLO) has criticized the opening process of the Mexican energy market, arguing that the companies have not provided positive results for the country so far. However, the new contracts concentrate a small part of the country’s reserves, which could be transformed into important production and resources for Mexico in the coming years.
The National Hydrocarbons Commission (CNH) held an extraordinary session last week, and one of the main issues was the possible resignation of one of its commissioners. This generated much discussion and raised concerns within the industry.