Lopez

Mexican President-Elect Andrés Manuel López Obrador signaled late last week that his administration will honor the 107 contracts awarded so far through oil and gas bid rounds conducted under the current administration led by President Enrique Peña Nieto.

Mexico’s next government will prioritize natural gas production, transportation and storage projects, according to a top energy adviser of President-elect Andrés Manuel López Obrador.

It was déjà vu all over again for the Mexican oil industry, when President-Elect Andrés Manuel Lopez Obradór visited his home state Tabasco last weekend to meet with Mexican service companies.

Seventy-three companies from 20 nations are exploring for oil and natural gas in Mexico, where every aspect of the hydrocarbons business, from upstream to retail, was a state monopoly until the 2013-14 nation’s energy reform, President Enrique Peña Nieto said this week in his sixth and last annual state of the nation address, known as the Informe.

It was déjà vu all over again for the Mexican oil industry, when President-Elect Andrés Manuel Lopez Obradór visited his home state Tabasco over the weekend to meet with Mexican service companies.

Mexico authorities must address a discrepancy between the level of transparency shown by national oil company Petróleos Mexicanos (Pemex) and that of national hydrocarbons commission CNH, the latter said Wednesday.

Andres Manuel Lopez Obrador, the overwhelming victor in Mexico’s recent presidential election, believes that his future administration will make the state oil company Petroleos Mexicanos, aka Pemex, “great once again.”

Socialist and former Mexico City mayor Andrés Manuel Lopez Obrador is slated to be Mexico’s next president after cruising to a landslide victory in Sunday’s general election.

Mexico faces presidential and national elections on Sunday following a campaign racked by violent deaths, accusations of corruption and gratuitous promises of cash handouts.