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overhaul

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Mexico’s congress certifies oil reform approval

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Mexico’s federal congress has certified that 24 of the country’s 31 state legislatures have approved sweeping energy reforms that allow private companies to explore for and produce oil and gas.
Mexican President Enrique Pena Nieto. (Yasuyoshi Chiba/AFP/GettyImages)

End of Mexico’s oil monopoly near as states ratify bill

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Mexico’s bill that ends a 75-year state oil monopoly will be sent to President Enrique Pena Nieto for enactment after a majority of states ratified the proposal.
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Mexico’s lower house quickly takes up energy bill

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Mexico’s lower house of Congress began a raucous, marathon debate expected to last through the night and well into Thursday on historic legislation that would open the state-run oil industry to private investment.
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Mexican Senate approves oil reform

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Mexico’s Senate has approved the most dramatic oil reform in decades, moving the country closer to opening its beleaguered, state-run sector to private companies and investment.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

‘Groundbreaking’ Mexico energy overhaul would end Pemex monopoly

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Mexico’s energy sector has been largely sealed off from foreign investment for the better part of a century, but historic legislation, proposed over the weekend, may change that.
Former Mexico President Vicente Fox speaks with the Houston Chronicle on Dec. 6, 2016. (For the Chronicle/Gary Fountain)

Former Mexican president predicts success for proposed energy overhaul

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Former Mexican President Vicente Fox is optimistic that the nation soon will approve an overhaul of the country’s nationalized energy sector to allow needed outside investment.
Mexican President Enrique Pena Nieto. (Yasuyoshi Chiba/AFP/GettyImages)

Fight begins over opening up Mexico’s oil monopoly

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The fight to revamp Mexico’s moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country’s oil, a nationalist symbol that for decades has been fiercely protected by the constitution from possible profiteering by foreign companies.
Cost. Electricity

Puerto Rico governor vows reform as electricity bills soar

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Puerto Rico’s governor announced Wednesday that he is overhauling the island’s state-run power company amid corruption allegations and criticism that bills are on average more than double that of the U.S. mainland.
Michael Bromwich, the director of the Bureau of Ocean Energy Management, Regulation and Enforcement, speaks with workers on board the Ensco 8501 drilling rig. (Jennifer A. Dlouhy/Houston Chronicle photo)

Offshore drilling chief to stay on the job

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The federal agency that oversees offshore drilling will be dismantled in two weeks, but the former prosecutor who now heads the office isn’t going anywhere — at least not right away. Michael Bromwich will temporarily head the new Bureau of Safety and Environmental Enforcement until the Obama administration hires a permanent replacement. The administration also announced today that Tommy Beaudreau will head the new Bureau of Ocean Energy Management.
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Republican unveils offshore drilling oversight plan

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A leading House Republican today unveiled his plans for reorganizing the federal agencies that oversee offshore energy operations and beefing up the credentials of the government inspectors that police them. Aside from a few name changes, the proposal mirrors the overhaul launched by the Obama administration in the wake of last year’s Gulf oil spill.