Mexico’s future is in large part dictated by the future of its oil and gas industry, and the rolling back of landmark energy reforms has now put that all in jeopardy. Here’s what Mexico’s energy industry has to look forward to in the coming year. No Oil Auctions Mexico’s President Andrés Manuel López Obrador announced earlier this week that Mexico was indeed not looking to put oil and gas blocks up on the auction block this year, as some had hoped. The announcement dashed all hopes that the world’s energy companies would be invited in to develop Mexico’s oil and gas resources. Obrador’s no-auction stance is in character, following his efforts to seize more control of its energy sector as he continues to roll back some energy industry reforms that had ended state-run monopolies and opened the door wide to foreign oil companies to encourage competition. Most see this […]