June
Carlos Slim Is Quietly Becoming Pemex’s Partner of Last Resort
The transformation of Mexico’s richest person into its most important oil baron came about slowly, almost subtly. Carlos Slim built up a stake in Talos Energy Inc. before flipping it for the company’s Mexican unit. There was a 2023 deal for $530 million to buy a pair of oilfield assets from a fellow billionaire. Then a $1.2 billion plan to develop a gas deposit in the Gulf of Mexico.
Trump Moves to Lift Biden-Era Curbs on Arctic Oil Drilling
The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil.
