The Importance of CMP for the Industry

Alejandro Urrutia — Tue, 14 May 2013 17:19:06 +0000

“Our goal this year is to host the most successful Mexican Petroleum Congress (CMP) ever,” explains José Serrano, President of the Colegio de Ingenieros Petroleros de México (CIPM), “because we have all the elements we need: a great team, strong support from the local and federal government, and a great setting with all the necessary [...]

Carlos Slim’s Growing Involvement in the Oil and Gas Industry

Eliana Pérez — Fri, 10 May 2013 20:24:23 +0000

When US president Barack Obama visited Mexico last week, his Mexican counterpart, Enrique Peña Nieto, wasn’t the most powerful person he conferred with – at least, according to Forbes. The publication’s most recent listing of the world’s most powerful people ranks business mogul Carlos Slim Helú and his family at the [...]

Pemex Plans to Acquire Spanish Shipyard

Alejandro Urrutia — Fri, 03 May 2013 21:22:53 +0000

This week Pemex sent a letter of intent to shipyard Hijos de J. Barreras (HJB) in Galicia, Spain, as a means to acquire 51% of the company’s stock. According to the letter signed by Pemex directors, the main goal behind the acquisition of the Spanish shipyard is to “transfer the technological knowledge of [...]

Gas pipeline construction begins in Zacatecas

Sofia Alessio Robles — Tue, 30 Apr 2013 21:55:13 +0000

Miguel Alonso Reyes – governor of Zacatecas – and Pedro Joaquin Coldwell – Energy Minister –inaugurated the construction of the new pipeline in Calera, Zacatecas.

The pipeline will begin operations in June 2014, and will serve as a supplier of energy, boosting productivity in the country, and at the same time promote competitive prices. Even [...]

Pemex’s Pensions in Negotiation

Ana Cristina Garanton — Fri, 26 Apr 2013 22:45:57 +0000

On several occasions Emilio Lozoya Austin – CEO of Pemex – has expressed concern about the NOC’s pension system, a situation that was reflected in today earnings call. There were several questions related to the amount of labor liabilities presented today; it is estimated that the value of this liability amounts to MX$ 1.3 billion pesos [...]

Pact for Mexico hanging by a thread

Ana Cristina Garanton — Tue, 23 Apr 2013 21:46:16 +0000

The creation of the Pact for Mexico caused great impact because, for the first time, a presidential proposal was made to group the three parties that have been historically opponents: the PRI, PAN and PRD. The pact created high expectations, regarding the progress that could be achieved if the three main parties [...]

PECOM 2013

Sofia Alessio Robles — Fri, 12 Apr 2013 22:37:46 +0000

The PECOM “Exposición y Conferencia del Petroleo de México” 2013, was inaugurated on April 9th at around 7:30 PM. The inauguration ceremony was followed by the ribbon cutting and VIP tour of the stands -with the presence of Arturo Núñez Jiménez, governor of Tabasco- and finally a welcoming cocktail.

The next day, important [...]

Mexico Oil & Gas Review at PECOM 2013

Sofia Alessio Robles — Wed, 10 Apr 2013 21:04:17 +0000

The Petroleum Exhibition and Conference of Mexico (PECOM) was inaugurated yesterday. It is one of the most important events of the oil and gas industry in Mexico.

The congress has been happening every year since 1994 in Villahermosa, Tabasco. “Every year it attracts more than 125 companies, representing over eight countries, that are presenting and [...]

PECOM; One of Mexico´s greatest petroleum exhibitions and conferences.

Sofia Alessio Robles — Wed, 03 Apr 2013 00:44:23 +0000

“The oil and gas industry in Mexico is poised for substantial growth,” says Sandy Basler, vice-president of events at AtComedia, the company that has been organizing PECOM since 1994. As new opportunities within the oil and gas industry are emerging in the country with the upcoming energy reform, some conferences and meetings are vital tools for [...]

Debating Pemex’s restructure

Ana Cristina Garanton — Wed, 27 Mar 2013 17:50:03 +0000

Since the new Energy Reform has been set on the table as a priority of Peña Nieto’s presidential term, Pemex’s restructure discussion is part of every debate. There are as many opinions about what has to be done, as there are people talking about it. However, there are two general views. The first one is [...]

Debunking the Myths behind the Constitution

Javier Vinageras — Sat, 23 Mar 2013 00:13:24 +0000

MOGR recently interviewed Iván Alemán Aleksei, Chief of the Legal Unit at Mexico’s Energy Ministry. Below are some excerpts from this interview regarding the myths of the Mexican Constitution.

Q: Could you help us clear up the realities and the myths behind the 27th and 28th Articles of the Constitution in terms of national and [...]

75 anniversary of the oil expropriation – Energy reform as a present for Pemex?

Sofia Alessio Robles — Wed, 20 Mar 2013 00:48:03 +0000

75 years ago, when President Cardenas announced his intentions regarding oil expropriation, a big nationalist wave overcame the Mexican population; earning him and his government strong support. On March 18, 1938, the oil expropriation was decreed; the government seized the resources from 17 foreign companies. With this, a process of capacitation and training of technicians [...]

The first 100 key days of presidential term 2012-2018

Ana Cristina Garanton — Sat, 16 Mar 2013 00:17:14 +0000

“We did not come to work, we came to transform”

Mexican President. Enrique Peña Nieto.-

When a new government begins, the first 100 days become key for the presidential term because it determines the actions, strategies, and goals to achieve in the coming six years. This week President Peña Nieto has reached [...]

A Sneak Peek at Mexico’s Shale Future

Ana Cristina Garanton — Wed, 13 Mar 2013 23:49:18 +0000

Shale resources have long been a potential alternative for the Mexican energy sector. The size of alleged potential reserves, the low price that governs the gas market and the environmental advantages that they have over other fossil fuels keep pressing Pemex to take a further look into the possibility of satisfying the nation’s demand struggles [...]

Effects of Hugo Chavez’s Death on Global Oil Markets

Alejandro Urrutia — Fri, 08 Mar 2013 23:45:43 +0000

The death of Venezuelan President Hugo Chavez will have various political, social, and economic implications in Venezuela and worldwide. His petrodollars filled the Venezuelan coffers and sponsored his socialist revolution for years – even though oil production has fallen 25% since [...]