Posts by: Karim Meggaro
“The purpose of an energy bill is to have more energy at lower prices and cleaner energy. You can see what is happening in the US with the shale gas revolution, and the reduction in the use of coal and fuel oil: electricity prices have come down. I think that sets the precedent [...]
Continue Reading →Last week, Javier wrote about the problem of increasing the attractiveness of natural gas, so that Mexico can capitalize on its vast unconventional resources. To summarize, the biggest challenge in the way of increasing natural gas production in Mexico is that the current price of gas in the US, to which Mexican gas is indexed, [...]
Continue Reading →Now that Enrique Peña Nieto has been confirmed as the next Mexican President elect, it seems like a good moment to revisit the question of energy reform, based on conversations conducted with key players in the oil and gas industry over the last few weeks, and see what this means for the upstream sector in [...]
Continue Reading →Pemex had more than one piece of good news this week. While the second announcement may not have come with a presidential address on live television, in any other week it would have been a significant event worthy of much attention: Pemex awarded its first onshore block to a private operator under the country’s [...]
Continue Reading →In a ceremony held today at Los Pinos, the Mexican President’s official residence, President Felipe Calderón, along with Energy Minister Jordy Herrera and Pemex CEO Juan José Suárez Coppel, announced the discovery of light crude at Pemex’s Trión-1 well, in the Perdido folded belt. The announcement marks the end of Pemex’s unfulfilled search for [...]
Continue Reading →In a speech to his party on Tuesday, Cuauhtémoc Cárdenas, the founder of the PRD, called for constitutional reform in order to turn Pemex into “a true state enterprise, with full autonomy of its management and budget.” He argued that constitutional reform was a necessary step in achieving this, stating that two [...]
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