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The Mexican Counter-Reformation – HCM Monthly for 2021 05 03

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.

Sunday, May 2nd, 2021

BP blasé, Fieldwood and Petrobal, Upstream risk – HCM for 2021 04 30

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

Friday, April 30th, 2021

Renaissance results, See you in court, Pemex accounts payables – HCM for 2021 04 29

Renaissance reports Full Year 2020 results; Affected companies are suing the Counter-Reformation; and Not paying your suppliers has consequences

Thursday, April 29th, 2021

Pemex junk, Pemex hard currency, Union support – HCM for 2021 04 28

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

Wednesday, April 28th, 2021

Would the last independent gas station owner please turn off the lights when they leave – HCM for 2021 04 27

Mexican Senate approves controversial Hydrocarbons Law; “We are going to rescue Pemex”, says AMLO; and And now?

Tuesday, April 27th, 2021

Top 10 polluter, Fuel sales not recovering, Transparency website – HCM for 2021 04 26

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?

Sunday, April 25th, 2021