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Mexico President Andrés Manuel López Obrador last week touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

Mexico President Andrés Manuel López Obrador’s pledge to subsidize gasoline prices could partially negate the windfall of high oil prices for state oil company Petróleos Mexicanos (Pemex), according to a new analysis by Fitch Ratings Inc.  Pemex “will benefit from higher oil prices although these pose risks to federal government revenue, since the government has…

For this upcoming year, Mexico President Andrés Manuel López Obrador’s proposed constitutional energy reform – whether it gets enough votes to pass or not – will set the tone of his political agenda, according to analysts and experts in the field.

Mexico President Andrés Manuel López Obrador has high hopes of changing the rules of the game in the electric power sector, but his proposal likely won’t be voted on in Congress until early next year as the reform is studied by legislators. The reform, if passed, would modify the constitution to eliminate upstream oil and…

“There is a stoppage of energy investment in Mexico currently, where the attitude of investors is to wait before expanding existing projects or developing new ones,” Balam Energy CEO Carlos Tapia told NGI’s Mexico Gas Price Index.  Tapia, who opened the consultancy Balam Energy in 2019, has more than 20 years of experience working on…

With less than four weeks to go before Mexico’s potentially transformative midterm elections, pollsters are still trying to get a clear picture of what to expect. According to the director of public polling at Mexican daily El Financiero, Alejandro Moreno, Mexico remains in a period of “volatility and uncertainty” and a lot can still change…

Mexico President Andrés Manuel López Obrador last Friday sent a bill to congress to amend the Hydrocarbons Law and grant the state greater control over granting and revoking permits in the oil, gas and petrochemicals business. López Obrador on Monday said the bill was designed to “remove the sharpest edges” of the 2013-2014 energy reform…

President Andrés Manuel López Obrador of Mexico reshuffled his cabinet early in December in what several analysts consider a move that will improve relations with the private sector and potential foreign investors. The new officials, the analysts suggested, are likely also to work more closely with their U.S. counterparts in the upcoming administration of President…

Mexico President Andrés Manuel López Obrador denied Thursday that Spain’s Iberdrola SA is pulling out of its planned $1.2 billion natural gas-fired combined-cycle plant in the port city of Tuxpan. “There is no official information. It’s a journalistic story,” López Obrador said during his daily press conference.  On Wednesday, Tuxpan Mayor Juan Antonio Aguilar, told…