Obrador

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.

Suspension of oil and natural gas bid rounds by Mexico’s next government could lead to missed opportunities and cause drillers to look elsewhere to grow their portfolios, according to a local expert.

Mexico’s next government may conduct bid rounds aimed solely at boosting natural gas production, according to an official from the Comisión Nacional de Hidrocarburos (CNH).

Mexico has a “historical imperative to reverse” President Enrique Peña Nieto’s landmark 2013 constitutional energy reform, according to the country’s likely next hydrocarbons undersecretary, Alberto Montoya.

The energy platform of Mexico’s next government could negatively impact U.S. refiners and midstream companies, as well as the financial health of Mexico’s national oil company, Petróleos Mexicanos (Pemex), according to analysts.

Mexico’s incoming president, Andrés Manuel López Obrador, said his administration will put an end to hydraulic fracturing (fracking) in the country.

Mexico’s leftist president-elect Andrés Manuel López Obrador and his top energy adviser, Rocío Nahle, have somewhat quelled investor concerns since the July 1 election by signaling that they will not reverse course on the country’s 2013-14 constitutional energy reform.