By KELIN DILLON On Monday, July 18, Mexican Judge Juan Pablo Gómez Fierro ruled in favor of suspending the Mexican Secretariat of Energy’s policy requiring users of the Integrated National Transportation and Storage System of Natural Gas (Sistrangas) to certify the reception of their supply with one of the State Productive Companies or its affiliates. The policy essentially forced new
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By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO), in his morning press conference on Monday, June 13, claimed that the price of gasoline is skyrocketing in the United States mainly because the U.S. government has stopped investing in oil due to its preference for electric cars. “The United States has a serious problem because a gallon of gasoline,
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By KELIN DILLON According to data from Mexican Congress’ approved budgets for Petróleos Mexicanos (Pemex), the state-owned gas company could be putting the lives and wellbeing of its employees and the populations residing near Pemex drilling sites at risk due to a lack of continual maintenance within the company’s infrastructure. While figures from 2018 show 17.26 billion pesos in budget
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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 According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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By KELIN DILLON In the central Mexican state of Hidalgo, gangs of huachicoleros – gas thieves and resellers – have taken their operations to another level of stealth, building secret underground tunnels to tap into and siphon gas from the area’s network of Petróleos Mexicanos (Pemex) pipelines without detection. According to soldiers stationed in the region, the huachicoleros are able
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XINHUA An explosion caused by accumulation of LP gas inside a home in Mexico City killed one person and injured at least 12 others on Saturday, Nov. 13, authorities said. Additionally, another 28 families were left homeless by the blast. The explosion occurred at about 9:40 a.m. local time in the Pensil Norte neighborhood of the Miguel Hidalgo Precinct, said
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By KELIN DILLON One of Mexico’s ejidos, a piece of land commonly owned and farmed by the surrounding native community, won a major battle for its livelihood when federal judges granted an amparo (habeas corpus appeal) against the under-construction $550 million Tula-Villa de Reyes gas pipeline going through Jilotepec, State of Mexico (Edoméx), preventing its further construction through the ejido’s
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By KELIN DILLON According to data from the PetroIntelligence platform, gas prices throughout Mexico rose by a total of 20 percent from December 2020 to the week of Oct. 18, 2021, impacting transportation costs and the pocketbooks of the Mexican consumer. While one liter of gasoline was registered at national average of 18.52 last December, this week’s pricing puts a
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By KELIN DILLON Halfway through the six-year administration of Mexican President Andrés Manuel López Obrador (AMLO), Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) has lost 38.4 percent of its stake in the world’s energy market, dropping out of the top 10 most important international oil companies. Just in 2017, Pemex ranked highly in value according to British firm Brand Finance’s
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