One of the biggest conundrums that the Mexican oil industry poses for the expert analysts that follow it closely is the obligation that Pemex has to operate by itself. This has always presented an added challenge to all of the already existing technical and red tape obstacles that the company has to overcome on a [...]Continue Reading →
When Felipe Calderón Hinojosa became President of Mexico in 2006, he appointed Jesús Reyes-Heroles as Pemex CEO. One of the main objectives with the changes made was for the NOC to become more competitive. The strategic decisions made with this idea in mind included fighting for an energy reform that would allow more participation from [...]Continue Reading →
Jaws dropped; rumours confirmed; verification received: Pemex is doing a great job in deepwater exploration.
Five and a half weeks ago, people involved [...]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 →
Mexico’s presidential elections will take place next Sunday, July 1st. This will mark the culmination of a campaign period characterized by negative rhetoric, large rallies, and a significant level of expenditure, particularly on television advertising, increasing the importance of image over substance and proposals. However, up until the last days of campaigning, Mexico’s energy sector, [...]Continue Reading →
On Monday April 16th, Argentinean President Cristina Fernández de Kirchner announced her government’s intention to seize a majority stake in YPF, the nation’s largest oil company, which is 57% owned by Spain’s Repsol. In response, the Spanish government has said it will defend its national interests, and has threatened retaliation. Although the move was regarded [...]Continue Reading →