Sheky Espejo

Nov 21, 2024 | spglobal.com | Sheky Espejo

As was widely expected, the political coalition of the ruling Morena party and its allies in Congress has voted in favor of a bill proposed early this year by the former president that eliminates seven of the 11 independent regulators in Mexico, including two in charge of the energy sector, CRE and CNH, which will be "absorbed" by the energy ministry. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Nov 15, 2024 | spglobal.com | Sheky Espejo

It is premature to fully evaluate the Mexican government's plan to restructure Pemex, the state-owned oil and natural gas company, as key details are still lacking but the information available so far is not encouraging, given the company's huge financial debt and declining production, according to observers and experts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Nov 12, 2024 | spglobal.com | Sheky Espejo

Mexico's new government is expected Nov. 13 to present its long-term plan for Pemex as it prepares to modify the state oil and gas company's bylaws to streamline its operations. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Pemex management has given some hints at what is to be announced, but experts worry it might not be enough to turn the company around.

Oct 29, 2024 | spglobal.com | Sheky Espejo

Mexico will welcome private investment in exploration and production of crude and natural gas during the new administration of President Claudia Sheinbaum Pardo, as well as in power generation, particularly clean energy generation, Víctor Rodríguez, Pemex CEO said Oct. 29 during the company's Q3 earnings call. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Oct 25, 2024 | spglobal.com | Sheky Espejo

Crude production by Mexico's state oil company Pemex fell to a new multidecade low in September, the last month under the administration of former President Andres Manuel López Obrador, who invested roughly $50 billion into the company to keep it afloat during his six-year term. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.