Mexican president says government not seeking to control Zama oilfield

oil

10/03/19 – Reuters

By David Alire Garcia

Mexican President Andres Manuel Lopez Obrador said on Thursday that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy.

Reuters reported earlier this week that Mexico’s national oil company, Pemex, wants to take control of Zama from Talos, which made the discovery on the edge of its block, adjacent to an area belonging to Pemex and where the find likely extends.

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Mexican pirates posing greater risk in Gulf of Mexico to oil workers, tourists

energy - oil barrels

10/01/19 – FOX News

By Hollie McKay

In the calm waters of the Gulf of Mexico, drilling platforms hum away under the sunshine. But, in the dark of the night, they are becoming more and more subject to vicious attacks launched by modern-day pirates.

“Although oil and diesel stealing has been going on for decades, there has been an increase in criminal activity reported in the last four years,” Johan Obdola, founder of the Global Organization for Security and Intelligence, told Fox News. “It is estimated that the stealing in Mexico is up to 1.18 million barrels a day, bringing millions to criminal organizations, and making it very difficult to control.”

City leaders to look for energy innovators in Mexico

 

Energy -electricity_transmission_lines10/01/19 – San Antonio Business Journal

By Jessica Corso

The San Antonio Hispanic Chamber of Commerce is leading a trade mission to Mexico City that began Sunday evening and returns to the city on Wednesday. Joining Chamber President Diane Sánchez will be San Antonio Mayor Ron Nirenberg, Texas Secretary of State Ruth Hughes and leaders from 25 San Antonio companies.

One of those leaders is EPIcenter CEO Kimberly Britton, who called the trade mission an opportunity to build relationships with her Mexican counterparts and to figure out what’s going on in the Mexican energy industry now that Andrés Manual Lopéz Obrador is president. Obrador recently ended a dispute with several pipeline operators, allowing them to send natural gas to Mexico.

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Exclusive: Mexico’s Pemex seeks control of U.S. oil firm’s billion-barrel find

energy - oil pumps

09/30/19 – Reuters

By David Alire Garcia

When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier.

Now Mexico’s state-run oil firm Pemex wants to take over the lucrative project, according to two former Mexican energy officials and two company executives with knowledge of internal Pemex discussions.

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Mexican president defends utility head against charges of corruption

amlo

09/25/19 – Reuters

By Daina Beth Solomon

Mexico’s president on Wednesday expressed support for the embattled head of the national electricity company CFE, blaming political opponents for accusations that Manuel Bartlett hid business relationships and conflicts of interest.

“It’s evident he’s facing a campaign against him by adversaries,” President Andres Manuel Lopez Obrador told his regular news conference. “I am sure he will clarify all of this.”

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Mexican president heaps fresh scorn on predecessor’s oil reform

 

oil

09/24/19 – Reuters

By Adriana Barrera & Ana Isabel Martinez

A sweeping oil reform enacted several years ago in Mexico came under fresh attack from President Andres Manuel Lopez Obrador on Tuesday, as he dismissed it as a giveaway that has yielded no additional output from new private entrants into the market.

The president also appeared to dampen speculation from some business-friendly advisers that he will re-authorize auctions open to private producers as a way to pump more oil.

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Why Latin America’s left loves the petroleum economy

AMLO

09/19/19 – The Economist

“Communism is soviet power plus electrification,” declared Vladimir Lenin in 1920. A century later, Andrés Manuel López Obrador’s methodology for the redemption of Mexico is his morning press conference plus oil. He wants to raise oil output by almost half, and is poised to build Dos Bocas, an $8bn refinery that will be his country’s largest. Mr López Obrador (or amlo, as he is known) defends this as boosting Mexico’s energy security and sovereignty.

Jair Bolsonaro, Brazil’s far-right president, claims that environmentalism is a left-wing plot. Latin American leftists’ enthusiasm for oil refineries suggests otherwise. In Brazil Luiz Inácio Lula da Silva, president from 2003 to 2011, ordered Petrobras, the state-controlled oil company, to build four of them. In Ecuador, Rafael Correa conducted a $2.2bn upgrade to a refinery. Peru’s Ollanta Humala began a similar $3.5bn upgrade.

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