Leftist Andrés Manuel López Obrador on Saturday was sworn in as Mexico’s president and in a fiery inaugural speech called for a “transformation” of the country to end impunity and fight corruption in the interest of the poor.
Obrador
Articles from Obrador
Energy Sector Braces for Change as AMLO Takes Office in Mexico
After more than a decade of trying, and five months on from a resounding election victory, Andrés Manuel López Obrador (AMLO) was scheduled to be sworn into office in Mexico Saturday (Dec. 1), while turnover of the country’s top energy positions continues.
NGI The Weekly Gas Market Report
Mexico’s Economy to Grow 2.1% This Year, Says Federal Reserve
Mexico’s economy grew 3.6% year-on-year in the third quarter on the back of broad-based growth, including in the industrial sector. The forecast for the year remains steady at 2.1%, according to the Federal Reserve Board of Dallas.
Mexico Energy Industry on Notice After President-Elect Makes Good on Canceling New Airport
The scrapping of a $13 billion airport by Mexico’s next president through a hastily organized referendum in which less than 1% of the population voted is sending shivers through the spines of stakeholders in the country’s recently liberalized energy sector, with one expert calling it the “canary in the coal mine.”
Mexico E&P Auctions to be Suspended Until Current Projects Start Producing, President-Elect Says
Mexican President-Elect Andrés Manuel López Obrador (AMLO) said last Wednesday he will suspend oil and gas bid rounds until the 107 contracts awarded through rounds under the current government begin producing.
Pemex Bond Placement Aimed at Boosting Balance Sheet
Mexican national oil company Petróleos Mexicanos (Pemex) said last Tuesday it successfully placed a 10-year, $2 billion, international bond that will be used to fulfill investment plans and refinance debt.
Mexico President-Elect Says Oil, Gas Contracts to be Honored
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 E&P Bid Rounds, Farm-Outs Still on Table, Says López Obrador Adviser
The suspension of oil and gas bid rounds by Mexico’s next government will hopefully only last a few months, according to one of President-Elect Andrés Manuel López Obrador’s (AMLO) top energy advisers.
OFS Company’s Bankruptcy a Cautionary Tale for Mexico E&P
Following a hearing in Singapore, Mexican-based oilfield services company Servicios Petroleros Oro Negro SAPI de CV has been cleared to negotiate with creditors a year after it sought the protection of the law under a bankruptcy procedure, known as concurso mercantil, similar to Chapter 11 in the United States.
López Obrador’s Fracking Ban Threats Spur Mexican Business Leaders to Seek Review
Business leaders in Mexico’s northern Gulf state of Tamaulipas fear that a potential ban on hydraulic fracturing (fracking) used in unconventional oil and natural gas drilling could doom their economically depressed region to a future of more poverty and crime.