Continue Reading →
On July 27, 2016, the call for tenders for association with Pemex for the Trion block marked a historic moment for the Mexican oil and gas industry. Never before has PEMEX worked as part of a consortium, and never before has it start produced oil in deepwater or ultra deepwater. “This […]
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, David Enriquez, Partner at Goodrich Riquelme y Asociados explains why the general public’s conceptions about Round One L-04 and its impact on the economy are flawed and reviews the success of Round One L-03.
Q: What should Mexico expect in terms of […]Continue Reading →
In December 2015, it was announced by Mexico’s National Hydrocarbons Commission (CNH) that the 5th phase of Round One auctioning unconventional and shale reserves would go ahead. With an estimated 545 Tcf of shale gas reserves, several trillion cubic feet of conventional reserves, and an ever-growing number of natural gas exports from the US through […]Continue Reading →
Never say never, but unfortunately, things are not looking bright for the oil prices this year. Understanding the drop is essential to predicting future developments, and the nature of it pretty much boils down to the simple laws of supply and demand, athough the impact of a strenghtening US dollar and a reduction in investment […]Continue Reading →
After months of waiting, the Ministry of Energy (SENER) finally announced the deepwater blocks that would be tendered in Round One’s phase four, the crown jewel of the reform. To the surprise of industry experts, the ten blocks on offer are very different to those originally planned by the authorities earlier this year. They are […]Continue Reading →