Reuters - Mexico's government on Sunday proposed replacing state oil monopoly Pemex's heavy taxation scheme with a new, more flexible regime similar to those faced by private companies.
Recharge - German automaker Volkswagen’s Mexican unit has signed a 20-year agreement with Mexico Power Group to buy 130MW-worth of output from the planned La Bufa wind farm. The $360 million La Bufa plant will have a total capacity of 180MW.
OilPrice.com - Much has been made of Mexico's plans to update its oil laws, allowing foreign companies a role in the industry for the first time in decades. How serious investors should take the news depends on how the political process plays out in Mexico.
Reuters - British energy services firm Petrofac Ltd said it was well placed to capitalize on increased investment in oil and gas projects in Mexico as the country opens up its energy industry, even if the reforms mean more competition.
Marketwired - Tenaris, Ternium and Tecpetrol International announced a memorandum of understanding to jointly build and operate an 850-900MW natural gas-fired electric power plant in Nuevo Leon to supply Tenaris's and Ternium's facilities.
AP - The son of Mexico's most revered president, known for nationalizing the oil industry, says his dad is rolling in his grave. In fact, both sides in the debate over opening Mexico's oil industry are using the image of former president Lazaro Cardenas.
Reuters - State oil monopoly Pemex would pay income tax on exploration and extraction of oil and gas under new fiscal rules in the government's proposed energy sector overhaul, Finance Minister Luis Videgaray said in a newspaper column on Thursday.
Dow Jones - The Mexican government's plan to overhaul the energy sector has put a spotlight on oil and gas, but the proposal also aims to revamp another area with potential for big investment: Electricity.
Cato Institute - Mexico's energy reform proposal has been much heralded. However, even though the reform aims at relaxing the Pemex's grip on oil production, it falls short of significantly opening the sector to much needed private investment.
Financial Times - Oil companies gave a thumbs-up to Mexico’s planned energy reform, but said the government will have to offer competitive terms if it is to attract the foreign investment needed to develop the country’s vast untapped oil riches.