As underlined by Mexico’s President Enrique Peña Nieto this past August 3rd during his enactment speech of the transcendental Secondary Laws, the creation of a new entity in charge of regulating and overseeing oil and gas operations is expected to be announced by the end of a 90-day period.
According to PEMEX, the [...]Continue Reading →
In an interview granted to Atzayaelh Torres from newspaper El Financiero, SENER Undersecretary for Hydrocarbons Lourdes Melgar stated the first few privately extracted barrels of oil that count towards Mexico’s national production index can be expected to appear before the end of the current President Enrique Peña Nieto’s administration, which runs from 2012 to 2018. [...]Continue Reading →
The following is an extract of Emilio Lozoya Austin’s speech during yesterday’s announcement. Part 2 will cover the remaining “pillars” of Pemex’s strategy.
The exploration areas and productive fields assigned to PEMEX guarantee the viability in the short and medium term for it to operate, while also setting the foundation for its expansion in the [...]Continue Reading →
The results of the Round Zero and the content of Round One were announced today by a contingent of public sector leaders in the Mexican oil & gas industry that included SENER heads Pedro Joaquin Coldwell and Lourdes Melgar, PEMEX CEO Emilio Lozoya Austin, PEMEX E&P Director General Gustavo Hernández and CNH Commissioner Juan Carlos [...]Continue Reading →
After PEMEX sent its petition to SENER to keep 83% of 2P Reserves and 71% of its total productive assets on March 21st of this year, President Enrique Peña Nieto has now pushed forward the announcement of the final decision based on the now productive enterprise of the state’s technical, financial, and operational capabilities. According [...]Continue Reading →
As the announcement of the Round Zero results and the content of Round One loom nearer, media outlets have begun expanding the reach and the scope of their Secondary Laws analysis to determine the true impact of some of the specific clauses that are included in these recently approved documents. Journalist Alexandra López focused one [...]Continue Reading →