Mexican production of crude oil has declined continuously since reaching a peak in 2004. Since then, the government has tried to bring back production while keeping revenues steady.
President Andres Manuel Lopez Obrador has embarked on a new quest to rescue Pemex, whose waning revenues have been needed to help develop Mexico for the last seven decades.
We spoke with Marco Cota, a former Pemex executive and now
head of Talanza Energy, a Mexico City consultancy, about Pemex's
chances to become the engine for economic development that the government wants, as well as the impact on Mexico of the USMCA free trade agreement and a renewed US focus on clean energy.
As August comes to a close, Washington, DC, is ramping up again with energy issues before the Federal Energy Regulatory Commission.
On the natural gas side, the commission could start answering longstanding questions about how it will evaluate pipelines and LNG facilities in the face of...
President Joe Biden took a strong stance against fossil fuels right away, essentially canceling the long-simmering Keystone XK Pipeline and implementing a moratorium on all new oil and gas lease sales on federal lands and waters.
Since then though, his administration has refused to oppose other...