The state-owned oil company highlighted that Mexico’s potential energy transition could see the nation phase out its hydrocarbon subsidies and halter Pemex’s ability to seek out and develop new oil deposits.
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2022 will go down in history as a year of little wind growth, and Nuevo León will not be the exception
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By KELIN DILLON In the recently released 2022 edition of Brand Finance’s Oil & Gas 50, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) fell from 16th to 20th place in the rankings of the world’s 50 largest oil companies. The drop stems from Pemex’s 6 percent reduction in valuation from 2021 to 2022; while the Pemex brand was valued at
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By KELIN DILLON In the midst of controversies surrounding Mexico’s energy sector, U.S. Special Climate Envoy John Kerry visited the country on Wednesday, Feb. 9 to meet with Mexican Secretary of Foreign Relations Marcelo Ebrard and President Andrés Manuel López Obrador (AMLO) to discuss the two nations’ heavily intertwined environmental policies and pursuits. Considering López Obrador’s pending initiative to give
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By KELIN DILLON If passed, the controversial proposal to reform Mexico’s energy sector and give its control to the state-owned Federal Electricity Commission (CFE) could skyrocket the country’s carbon emissions to 65 percent, warned the U.S. Department of Energy on Wednesday, Oct. 27. The constitutional changes proposed by Mexican President Andrés Manuel López Obrador (AMLO) would see priority upload to
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