Post Tagged with: "AMLO"

AMLO’s Pemex Gamble Gets a Warning

AMLO’s Pemex Gamble Gets a Warning

From Bloomberg

President Andres Manuel Lopez Obrador’s plan to rescue the heavily indebted state oil company suffered a decisive blow Wednesday, with two ratings agencies warning he’s only hurting Mexico’s finances.

In almost simultaneous announcements late Wednesday, Fitch Ratings cut …

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

From Bloomberg

International oil companies including Malaysia’s Petronas, U.S. independent Murphy Oil Corp. and Spain’s Repsol SA are pushing ahead with plans to develop Mexico’s deep-water fields, as they face criticism from the government that they aren’t moving fast enough.…

AMLO Sounds Death Knell for Oil Reforms With Pemex Farm-out Halt

AMLO Sounds Death Knell for Oil Reforms With Pemex Farm-out Halt

From Bloomberg

Mexico President Andres Manuel Lopez Obrador has suspended future Petroleos Mexicanos farm-out bids, putting one of the final nails in the coffin for the 2014 energy reforms that promised to reverse years of oil-production declines with private companies’ …

February 21, 2019 - 5:47 pm Closing Bell Story‎, Energy News, Mexico