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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 […]
It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]Continue Reading →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, Mauricio Herrera Madariaga, Executive and Administrative Coordinator of Fondo Mexicano del Petroleo sheds light on the purpose of the oil fund and erases all misconceptions that might exist surrounding its performance so far.
Q: Why did Mexico […]Continue Reading →
Three months have passed since the US historically decided to lift its 40-year ban on oil exports. In geopolitical terms, there is a current war among the oil producers in the world for power, and the North American preeminence has rarely hesitated to weigh in. Countries and multinational companies have been fighting for several decades […]Continue Reading →
Early in the morning of 29 February 2016, José Antonio González Anaya, PEMEX’s Director General voiced a message to investors in the Mexican oil and gas industry, delineating PEMEX’s new Adjustment Program. He began by placing this seemingly drastic measure into a global context of low oil prices, highlighting the fact […]Continue Reading →
Mexico’s Energy Reform is widely understood as a group of measures intended to ramp up the country’s ever-declining oil production, but it does not limit itself to this. In line with the authorities’ aim to reduce the Federal Government’s dependency on oil revenues, the reform also implemented an oil fund that would allow control over […]Continue Reading →