Wednesday, September 2, 2026
Mexican president plans renegotiation of power industry contracts- oil and gas 360

Mexican president plans renegotiation of power industry contracts

Reuters MEXICO CITY – Mexico plans to renegotiate contracts in the electricity sector with Spain’s Iberdrola and around 10 other firms, President Andres Manuel Lopez Obrador said on Wednesday, heralding fresh tensions between his government and the private sector. “Basically it’s Iberdrola and about 10 more,” Lopez Obrador told a regular government news conference. “We’re going to look for agreements

U.S. judge knocks nearly $6 million off fine for Exxon Baytown, Texas, pollution- oil and gas 360

U.S. judge knocks nearly $6 million off fine for Exxon Baytown, Texas, pollution

Reuters HOUSTON – A federal judge in Houston knocked $5.7 million off the fine Exxon Mobil Corp faces for pollution from its largest U.S. crude oil refinery, according to court documents. U.S. District Judge David Hittner issued the ruling on Tuesday afternoon, imposing a $14.25 million penalty on Exxon for pollution from the Baytown, Texas, refinery and chemical plant complex