Mexico
News

Mexico's private oil companies make plea for legal certainty and partnerships

Bnamericas

Mexico’s private sector oil companies have called for legal certainty and for new partnerships with the public sector, at a time of major regulatory upheaval in the energy industry.

The government is pushing through reforms that will end the independence of hydrocarbons regulator CNH and president-elect Claudia Sheinbaum has vowed to prioritize the role of state oil company Pemex when she takes office October 1.

The regulatory reforms and the energy nationalism of Sheinbaum and outgoing president Andrés Manuel López Obrador have raised concerns about the outlook for private investment in the Mexican energy sector.

“It will be essential to have a solid legal framework… defending the rights of the different players in the sector,” Alberto de la Fuente, chairman of oil and gas association Amexhi, said Thursday in the opening address of the association’s annual conference.

“We need independent, technical, autonomous and predictable regulation to provide certainty for investments and guarantee a level playing field.”

De la Fuente, who is also CEO of Shell Mexico, called on Sheinbaum’s government to pursue new forms of public-private partnerships in the energy sector.

“The arrival of the new government opens a new opportunity to build new ways of cooperating,” he said.

“We are committed to sitting down and working with the next administration to together achieve a better energy sector.”

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Mexico)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Polok field
  • Current stage: Blurred
  • Updated: 1 month ago
  • Project: Ébano area
  • Current stage: Blurred
  • Updated: 2 months ago

Other companies in: Oil & Gas (Mexico)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Comisión Nacional de Hidrocarburos  (CNH)
  • Mexico's national hydrocarbons commission CNH was established in November 2008 as an organization with technical and financial autonomy to regulate, oversee, and evaluate all hy...
  • Company: Perseus Tajón S.A. de C.V.  (Perseus Tajón)
  • Perseus Tajón, S.A. of C.V. is a subsidiary of the Mexican oil company Compañía Petrolera Perseus, S.A. of C.V. incorporated in 2016 for the exploration and production of hydroc...
  • Company: CFE Generación IV
  • The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...