energy policy

A coalition of major oil producing countries agreed on Tuesday to further boost output to meet expectations for strong demand, despite concerns about the rapidly spreading Omicron variant of the coronavirus. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. A few days…

Mexico Energy Minister Rocío Nahle and Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza took the stage during President Andrés Manuel López Obrador’s morning press conference on Tuesday to outline their plans for getting to energy self sufficiency and boosting natural gas output.  With a three-year plan focused heavily on the downstream, the two officials said…

“It appears the demand for electricity is beginning to grow again as the economy recovers and that, if there is a sudden spike in demand, for example, the supply isn’t going to be there to meet it,” Víctor Florencio Ramírez, directing partner at Mexico City-based consultancy Perceptia21 Energía, told NGI’s Mexico GPI. “We’re going to…

Mexico president Andrés Manuel López Obrador said Wednesday that the U.S. Treasury Department has approved Shell plc’s sale of its 50.005% stake in the Deer Park, TX, oil refinery to Mexican state oil company Petróleos Mexicanos (Pemex). The 340,000 b/d refinery currently operates as Deer Park Refining LP, a joint venture between Shell and Pemex.…

NGI’s Mexico GPI has narrowed down an eventful year to the five key stories that defined Mexico’s natural gas market in 2021. These stories are:

The overhaul of some of Mexico’s aging power plants by state utility Comisión Federal de Electricidad (CFE) could improve the working of the power grid, José Luis Herrera Vaca, founding partner of Herrera Abogados SC and seasoned Mexico energy lawyer, told NGI’s Mexico GPI. “One of the most ambitious projects the CFE is carrying out…

Mexico’s government is doing all it can to boost the fortunes of troubled state oil and gas giant Petróleos Mexicanos (Pemex), with the Finance Ministry again reducing the firm’s profit-sharing duty and injecting $3.5 billion to reduce debt. “Pemex is strategically important for the country, not only in its function as a provider of goods…

A bipartisan group of Texas legislators has asked the Biden administration to intervene on behalf of U.S. energy companies operating in Mexico amid the latter country’s increasingly nationalistic energy policies. Sens. John Cornyn and Ted Cruz, along with 18 of the state’s 32 U.S. representatives, signed a letter Tuesday (Oct. 19) to U.S. Ambassador to…