Sponsored message
Logged in as
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
 — 
See All Episodes
Subscribe

Hey, LA listener!

Download our app for the optimal streaming experience

Apple Store logo Google play logo
  • Listen Now Playing Listen
  • Listen Now Playing Listen
Take Two

Mexico opens oil drilling to foreign companies for first time in 70 years

By Take Two Staff
Published Dec 11, 2013
Derrick hands remove the drilling tool with a sample of the marine seabed at La Muralla IV exploration oil rig, operated by Mexican company 'Grupo R' and working for Mexico's state-owned oil company PEMEX, in the Gulf of Mexico on August 30, 2013. The semisubmersible platform is able to drill to a depth of 10.000 meters in an environment such as the Gulf of Mexico.
Derrick hands remove the drilling tool with a sample of the marine seabed at La Muralla IV exploration oil rig, operated by Mexican company 'Grupo R' and working for Mexico's state-owned oil company PEMEX, in the Gulf of Mexico on August 30, 2013. The semisubmersible platform is able to drill to a depth of 10.000 meters in an environment such as the Gulf of Mexico.
(
OMAR TORRES/AFP/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

Get LA News Updates Daily

We brief you on what you need to know about L.A. today.
Listen 3:32
Mexico opens oil drilling to foreign companies for first time in 70 years

Mexico moved a step close to shaking up its energy sector last night.

The senate there voted to approve a bill that would — ideally — boost energy production by allowing foreign companies to drill in Mexico for the first time in more than 70 years. To talk a little more about this we've reached Adam Williams, the Latin America Energy and Commodities reporter for Bloomberg.