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US organization urges Mexico to reconsider decision on Zama oil field


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Pemex doesn t have the funds, capacity or infrastructure required to operate the field, says Larry Rubin.
US organization urges Mexico to reconsider decision on Zama oil field
Decision sends a message to investors that there is a lack of legal certainty in Mexico, warns Larry Rubin
Published on Tuesday, July 6, 2021
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A business and community organization that represents United States interests in Mexico has urged President López Obrador to reverse a federal government decision to award control of a huge oil discovery to state oil company Pemex.
The Energy Ministry awarded Pemex the rights to operate the nearly 700-million-barrel Zama field in the Gulf of México, which was discovered in 2017 by a consortium comprising Texas-based Talos Energy, Premier Oil of the United Kingdom and Germany’s Wintershall DEA. ....

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House of Representatives Approves the Amendment of Mexico's Electricity Industry Law | Mayer Brown - Energy Forward


Recently, the Second Chamber of the Mexican Supreme Court overruled the
Policy for the Reliability, Safety, Continuity and Quality of the National Electric System (the Policy ), because such Policy included unconstitutional provisions that would adversely affect competition in the electricity market. The Amendment emulates several provisions of such Policy, which is one of the reasons why it is seen as another blow to the power industry.
As mentioned in our previous analysis, one of the most relevant features of the Amendment is the modification of the dispatch order, disregarding economic efficiency mechanics, giving preference to the Federal Electricity Commission (
Comisión Federal de Electricidad CFE ) over other generation plants, which will result in more expensive and dirty energy. ....

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House Of Representatives Approves The Amendment Of Mexico's Electricity Industry Law - Energy and Natural Resources


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On February 23, 2021, the House of Representatives discussed and
approved the draft of the Amendment of the Electricity Industry Law
proposed by Mexico President López Obrador on February 1
(the “Amendment”), with a total of 304 votes by the
representatives of MORENA, the political party of the president
which holds a majority of seats in the House of
Representatives.
The plenary session followed up a heated discussion by the
Energy Commission of the House of Representatives on February 19,
in which the minority parties submitted a motion to include a ....

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Natural gas shortage triggers major power outage; nearly 5 million affected


Natural gas shortage triggers major power outage; nearly 5 million affected
Cold weather in US halts movement of gas to Mexico
Published on Monday, February 15, 2021
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Almost 5 million people in northern Mexico were affected by a major power outage on Monday morning due to an interruption in the natural gas supply caused by cold weather.
President López Obrador said the blackout affected about 400,000 people in parts of Nuevo León, Coahuila, Tamaulipas and Chihuahua, including Saltillo, Reynosa, Matamoros, Nuevo Laredo, Ciudad Juárez, Chihuahua city, Cuauhtémoc and Delicias.
However, Federal Electricity Commission (CFE) distribution director Guillermo Nevárez Elizondo later said 4.7 million people were affected by the outages in the north of the country. ....

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The American Society warns that the Outsourcing Reform project will gravely endanger American investments in Mexico


The American Society warns that the Outsourcing Reform project will gravely endanger American investments in Mexico
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MEXICO CITY, Jan. 28, 2021 /PRNewswire/ The President and Chairman of the Board of The American Society of Mexico, Larry Rubin, outlined today that the approval of the Outsourcing Reform project proposed by the Mexican President will make it difficult for U.S. companies and all corporations of different sizes to operate in Mexico, and in particular risk American investments in the country.  A reform of the law like it is proposed, will endanger U.S. companies plus put millions of SMEs and workers at risk at the worst possible time, Rubin said. ....

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