Mexico's incoming energy secretary Rocio Nahle told a local news outlet this week that the country's new government would not hold oil and gas bid rounds planned for February and would suspend new acreage offerings until 2021 to evaluate the results from areas awarded so far.

While not yet official, such a move had been expected given the deep scepticism of president-elect Andres Manuel Lopez Obrador, who takes office on 1 December, to Mexico's energy reform to open the sector to private companies.