Mexico crude production increased for third month in a row; Fracking could pay for AMLO’s social agenda; and Pemex developing Teca
AMLO signs Hydrocarbons Law; Pemex losing less; and Boss’s orders? Pemex exporting less
How about that! Private investment is good for Mexico; Moody’s says “Pemex no longer compensates the government for the support received”; and Pemex and CFE’s “immoral” pensions
In April, the Counter-Reformation became real with the passage of the Hydrocarbons Law and an associated measure to remove asymmetric regulation from the wholesale fuel market. Andrés Manuel López Obrador now has carte blanche to re-monopolize the energy sector.
BP says Mexico is not a priority; Fieldwood and Petrobal are still here, but asking questions; and Upstream is also at risk from the Counter-Reformation
Renaissance reports Full Year 2020 results; Affected companies are suing the Counter-Reformation; and Not paying your suppliers has consequences
Pemex dominates the market for high-yield debt in the region; Rather than being a source of dollars, Pemex will have to find them; and Union leader likes farmouts
Mexican Senate approves controversial Hydrocarbons Law; “We are going to rescue Pemex”, says AMLO; and And now?
Pemex said to be one of the top 10 most polluting companies; Pemex not expecting to get back to pre-pandemic fuel sales this year; and Greater transparency?
House of Deputies lifts Pemex asymmetric regulation; Pemex drives Tampico cargo volume in March; and New union may bring little relief for the NOC