Reuters MEXICO CITY – Mexico’s president on Thursday forcefully defended his drive to strengthen the state’s role in the energy sector, seeking to temper investor hopes that he might give ground if the new U.S. government under President Joe Biden takes up their cause. President Andres Manuel Lopez Obrador has worked to bolster state oil firm Petroleos Mexicanos (Pemex) and
Houston Chronicle Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government. The global oil major plans to drill four wells this year, and a similar amount next year, said Alberto de La Fuente, Shell’s Mexico country chief. It’s part of a drilling campaign
From Reuters Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion. The deal announced by President Andres Manuel Lopez Obrador and the head of state-run power utility the Federal Electricity Commission (CFE) at a news conference will
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