Ronald Buchanan

Business leaders, analysts and politicians have joined a chorus of warnings that shortages of natural gas could strangle the ambitions of the Mexican administration to boost economic growth and create greater opportunities for the nation’s poor.

The new management team at Mexico’s state-run Petróleos Mexicanos (Pemex), in its first conference call with investors on Wednesday, discussed the same issues its predecessors frequently faced: huge financial losses, an even larger debt and upstream results that were somewhat less than scintillating.Pemex reported that it was able to reduce its net fourth quarter losses by 58% year/year, to 125.5 billion pesos, or about $6.4 billion. Cash flow rose by 2% to hit 94.9 billion pesos in 4Q2018 compared to 93 billion pesos in the comparable quarter in 2017.

During his regular early-morning press conference a week ago, Mexican President Andrés Manuel López Obrador finally announced a long-awaited financial package intended to reversefortunesat the national oil company Petróleos Mexicanos (Pemex), which is suffering from 15 years of production decline and is $104 billion in debt.

During his regular early-morning press conference on Friday, Mexican President Andrés Manuel López Obrador finally announced a long-awaited financial package intended to reverse fortunes at the national oil company Petróleos Mexicanos (Pemex), which is suffering from 15 years of production decline and is $104 billion in debt.

Mexico’s Energy Minister Rocío Nahle has issued a powerful one-two punch to a couple of popular perceptions about the government’s policy on the oil and gas industry.

A final investment decision (FID) is imminent on an $800 million natural gas project that aims to be the biggest-ever economic and social development initiative in the small Central American nation of El Salvador.

Mexico’s Energy Minister Rocío Nahle has issued a powerful one-two punch to a couple of popular perceptions about the government’s policy on the oil and gas industry.

Carlos Romero Deschamps, who has led the trade union of Mexico’s indebted state-owned Petroleos Mexicanos (Pemex) for nearly three decades, could potentially hinder efforts to return the oil and gas producer to its glory days if swirling rumors of corruption and nepotism against him are true, analysts warn.

Carlos Romero Deschamps, who has led the trade union of indebted state-owned Petroleos Mexicanos (Pemex) for nearly three decades, could potentially hinder efforts to return the oil and gas producer to its glory days if swirling rumors of corruption and nepotism against him are true, analysts warn.