Press Mentions

This is what you will see with all national oil companies and the majors -- they have to cut back on their costs. Brazil won’t shut down its producing projects, but this will impact exploration and it will impact future production. 

The drop [in oil prices] is a consequence of a rift between OPEC+'s two biggest producers, Russia and Saudi Arabia, pushing prices below the break-even point of promising basins such as Brazil's pre-salt and Argentina's Vaca Muerta. 

The whole idea of energy sovereignty and energy security, the idea that things should be done in Mexico, is more ideological than economically rational.

In terms of a rock bottom, there are potential scenarios in which Venezuelan oil production goes all the way down to zero.

The energy transition has to involve electrification of transport and zero-carbon sources of electricity. It is the only way to address climate change. 

With Pdvsa in crisis mode, they are increasingly handing operational responsibilities and decisions over to the partners.

CFE [in Mexico] hasn't really been able to manage all the infrastructure itself. CFE has huge debts—it really wasn't able to take on the expenses of building generation capacities, and transmission lines are not being kept up.

[Las sanciones] están haciendo que sea muy difícil para cualquiera operar en Venezuela.

There isn’t much more room for the administration to ratchet up sanctions against Venezuela, and increased sanctions would anyway be unlikely to spark Maduro’s fall.

You need rules that promote development of the local economy [in Guyana], but without setting standards that can't be met by the local industry. 

The deal shows that with private sector leadership and international finance, Mexico's renewable energy capacity can continue to grow despite the government's steps to roll back support for clean energy. 

Ha existido un retroceso progresivo comparado con la Reforma Energética, la cual favoreció las energías renovables. Poco a poco ha estado minando el sector de las energías renovables. 

There’s been a creeping rollback of the part of the energy reform that favored renewables. Little by little, it’s been undermining the renewables sector. 

What Citgo is needed for is to support the recovery of Venezuela once PDVSA is under the full control of Guaidó.