S&P Global Market Intelligence editors' picks for the best stories for the week ended Sept. 27.
1. Mexico's 'second energy revolution' reshapes its power sector
More than 80 years after Mexico ousted foreign oil companies and nearly 60 years since it nationalized its power sector, the country is undergoing what the Mexico Institute at the Washington, D.C.-based Wilson Center in an October 2018 report called a "second energy revolution."
2. Appalachian midstream operators may start to see fallout from low gas prices
Several Appalachian gas pipeline operators have substantial exposure to a group of drillers with declining credit quality and low-growth plans for the future, an S&P Global Market Intelligence analysis found. Analysts are warning that the pipelines' earnings forecasts do not yet account for a coming wave of negotiations for lower transportation rates.
3. Offshore drillers hit by wave of downgrades as dim short-term outlook lingers
Credit analysts are concerned about the health of the offshore drilling sector despite a modest uptick in activity, saying a decline in oil prices could lead to further deterioration in the already struggling sector. But if activity continues to pick up, brighter days could be on the long-term horizon.
4. Stop 'fossil fuel apology tour,' speakers urge US state lawmakers
Fossil fuel companies should stop apologizing for their carbon dioxide emissions and instead receive congratulations, several speakers told a gathering of state-level U.S. lawmakers in Louisville, Ky., on Sept. 25.
5. Facing support cuts, developers rush to hit deadline for Spanish wind projects
Renewables developers across Spain are rushing to complete wind and solar projects before a year-end deadline, but many are at risk of losing their government support by missing the cutoff.
