pemex

The incoming Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.

Analysts reacted with almost uniform wariness and skepticism to the announcement by Mexico’s next president, Andrés Manuel López Obrador, of his picks for top energy sector posts and of a 175 billion-peso ($9.43 billion) plan to “rescue” the industry.

The next Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.

Following the decisive and historic victory of Andres Manuel Lopez Obrador in the July 1 presidential election, Mexico’s natural gas sector is in wait-and-see mode as the dust settles from the campaign and the new administration prepares to take office.

The International Energy Agency (IEA) praised Mexico’s 2013 energy reform as a model for the world to follow in a new report.

A Mexican-Norwegian consortium has won an integrated oilfield services (OFS) contract with Petroleos Mexicanos (Pemex) for two mature onshore areas in the southern state of Veracruz.

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.

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.