Last Wednesday, amidst the rumors about a new deepwater oil discovery, Pemex came out with an official announcement through the media: the ‘Exploratus-1′ well has struck oil – light crude, to be specific. After several reports leaked information on the oil discovery during Monday and Tuesday, Carlos Morales Gil, Director General at Pemex E&P came [...]Continue Reading →
The necessary number of local congresses has ratified the energy reform only a little over three days after being approved in the Lower House. This unusual demonstration of consistent legislative expediency from the part of Mexican representatives all over the country is sure to inform the suspicions of many members of the opposition [...]Continue Reading →
It was in the midst of shouting matches, barricades and stripping politicians that the long-awaited Mexican Energy Reform passed the Lower House (in an alternate auditorium after access to the main house floor was blocked by members of the PRD opposition) Thursday morning. This came after yet another 20-hour legislative session in what [...]Continue Reading →
For further reading on the subject of yesterday’s post, you can check out this article on Romero Deschamps’ reaction to his exclusion from the Pemex Board of Directors in El Occidental, or this comparison between “La Quina” and Deschamps put together by ADN Político.
Energy reform has passed in the Mexican [...]Continue Reading →
For Latin Americans, deepwater development is the most important key needed to unlock the potential of our oil & gas industries. It is also one of our best strategies to guarantee our countries’ energy future and out continent’s future economic wellbeing. Different countries within Latin America are going through [...]Continue Reading →
Last Tuesday, Energy Day 2013 took place in the Hotel Camino Real Polanco in Mexico City; industry leaders and prominent public officials listened to and participated in several discussions and debates regarding the most pressing issues that affect Mexico’s energy future. The event, organized by the British Chamber of Commerce, commenced with some [...]Continue Reading →