President-Elect, Andres Manuel Lopez Obrador (AMLO) plans to ‘freeze’ indefinitely the oil auctions in Mexico, generating concerns in the country about the possible consequences of this decision. Carlos Pascual, Former ambassador of the United States in Mexico, spoke about this situation.
AMLO’s reaction after Fitch lowered Pemex’s score unleashed thousands of reactions from Mexicans, who took over social media to ask the president-elect if maybe he was the cause of what happened.
Pemex continues to report poor metrics of oil and gas production, while Mexico discusses its enormous potential in these issues. The National Hydrocarbons Commission (CNH) conducted an analysis of the oil and gas opportunity in the Tampico-Misantla basin.
The development of unconventional projects is one of the main alternatives for the oil sector to improve the country’s reserves and production in the medium and long term. Mexico’s potential in this area is huge.
The possible shortage of natural gas in the south of the country for the coming few months created many concerns and much discussion in Mexico. Representatives of the sector spoke on this situation. Pemex sent a message of tranquility on this subject.
Nymia Almeida, Senior Analyst at Moody’s, spoke about the recent proposals of the President-Elect Andrés Manuel López Obrador (AMLO) for the Mexican oil sector. The conclusions are unfavorable for the next president.
Pedro Joaquín Coldwell, head of Mexico’s Energy Secretariat (Sener), explained why the new government should not stop Energy Reform, but aim to leave a legal basis for his successor to implement a third one instead.
This week, the president-elect spoke about the importance of extracting “just the right amount of oil” to supply the national demand, arguing that the country needs to leave enough of this resource to future generations.