Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Mexico must overhaul its NOC
Crucial structural reforms and change in operating philosophy are needed to arrest PEMEX’s ongoing decline and restore oil production growth
Mexico’s upstream Pemex gamble
The government refuses to expand E&P access despite the NOC’s high debt pile, falling crude output and growing gas import dependence
Major upstream decline threatens Mexico’s energy security
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Mexico’s energy ambitions weigh heavily on Pemex
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
Mexico’s new president faces fiscal crunch
While greater focus on decarbonisation is likely, economic pressures and huge debt burden could squeeze energy policy ambitions
Mexico’s election could evolve oil nationalism
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
Mexico’s fledgling LNG export industry faces growth challenges
While developers are making progress, infrastructure, regulatory and political uncertainties risk stunting opportunities
The Mexican president's party did not perform as well hoped in the mid-terms
Mexico Pemex
Charles Waine
17 June 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Election setback for Mexican president

Efforts to can Mexico’s historic energy reforms face further hurdles after government fails to sweep Congressional mid-terms

Mexican President Andres Lopez Obrador is scrambling to find the political support needed to pass a raft of energy reforms and constitutional changes after failing to win a two-thirds majority in the country’s mid-term elections. Lopez Obrador had hoped to extend his grip on Mexico’s lower chamber. But while his Morena party maintained its overall majority—in alliance with both the Workers’ and the Green parties—the tally will not be enough to push forward his nationalistic energy policy. “Andres Lopez will likely use his remaining political capital to pressure Congress into approving his legislation” Schiaffino, Verisk Maplecroft “The results of the election suggest he will have to

Also in this section
Venezuela mismanaged its oil, and US shale benefitted
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
Outlook 2026: From wells to wafers – How MENA is powering the new energy–data nexus
Outlook 2026
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
Outlook 2026: Peru 2026 – A confident step into a new energy era
Outlook 2026
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
Europe’s rising energy security challenge
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search