Mexico's new leader puts bid rounds on hold
The new administration puts its faith in Pemex with expanded E&P budget
New Mexican President Andrés Manuel López Obrador, after a campaign that vowed sweeping changes, wasted little time in office before cancelling February's planned licensing auctions. The scheduled bid rounds have been delayed for potentially three years while the government reviews existing contracts and proof of improving production. But investor fears of a total reversal of energy reforms have eased slightly. Existing contracts will still be respected, despite López Obrador's criticism during the electoral race of the private sector. Since 2013, the reforms have brought in investment upwards of $100bn, through sales of more than 80 blocks to 70 companies, but failed to significantly boost
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
