MEXICO CITY—Energy investors continue to wait out the tenure of Mexico’s President Andrés Manuel López Obrador and are anxious to see what a new leader will have to offer, according to Rystad Energy analysts.
Investors have had to contend with widespread uncertainties around Mexico’s energy sector developments under López, Rystad’s vice president of business development Erick Sánchez Salas told Hart Energy on March 23 on the sidelines of the AAPG-Energy Opportunities event in Mexico City.
But Sánchez said the potential for changes next year offer some glimmer of hope.
López’ political policies have focused on energy sovereignty and strengthening state-owned Petróleos Mexicanos (Pemex). The Mexico City-based oil giant continues to confront headwinds to significantly boost oil and gas production under a massive debt load of around $105 billion and a political directive.
Pemex Looks to Hike Production, Boost Self-Sufficiency, Reduce Imports
There is talk that López will remain in power behind the scenes of his Morena party, Rystad senior vice president and head of Latin America energy Schreiner Parker told Hart Energy.
A potential front-runner to watch is Mexico City mayor Claudia Sheinbaum, among others, Parker said.
Brazos Midstream Bets on the Permian’s Prowess
2023-04-19 - Brazos Midstream leadership reckons there will come a time where entering the public sphere makes sense, but for now, Brazos’ strategy reaps the rewards of private perspective.
Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive
2023-03-21 - EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
Molecular Transformation: Exxon Mobil Tackles the Energy Transition
2023-05-01 - CEO Darren Woods discusses Exxon Mobil’s expansion plans in the Lower 48 and managing the energy transition in Hart Energy’s The OGInterview.
High Demand Equals Higher Midstream Q1 Earnings
2023-05-17 - Midstream is focused on buying, building and growing in all ways, but in the meantime, first-quarter earnings are good.
Midstream, Investors Dive into the Business of CCS Tax Credits
2023-05-04 - Midstream companies are attempting to wrap new CCS business models around their existing organizations to take advantage of lucrative tax incentives created by the Inflation Reduction Act.