An alliance of opposition parties in Mexico is threatening a proposal for greater state control of the electricity market, saying on Monday it would vote against President Andres Manuel Lopez Continue Reading
Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading
Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms Continue Reading
The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López Obrador may Continue Reading
The facility is crucial to Pemex’s plans to halt crude oil exports in 2023. Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is Continue Reading
Mexico’s Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government’s target of refining all Continue Reading
Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production. Petroleos Mexicanos, the Mexican state-owned producer Continue Reading
Mexico could further ease the fiscal burden on its state oil firm Pemex, the world’s most indebted oil company, as the government looks to stop years of production declines. “With Continue Reading
A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said Continue Reading
