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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 [...]
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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 [...]
Continue Reading →Earlier this year, Pemex launched the second round of integrated service contracts for four onshore and two offshore blocks in the Tampico basin region. As opposed to the first contracts that were awarded, the bidding event for this second round of contracts, which is scheduled to take place this month, has garnered the attention of [...]
Continue Reading →“The agreement we sign today helps prevent such disputes. It also helps promote the safe, efficient, and equitable exploration and production of cross-boundary reservoirs. Each country maintains its own right to develop its own resources.
But this agreement creates new opportunities. And for the first time, American companies will be able to collaborate with Pemex, [...]
Continue Reading →As in Mexico, Brazil’s oil sector development is closely linked to the country’s economic growth. President Calderón, speaking last week in Queretaro, raised the issue of Brazil, and how a turnaround in its oil industry regulation was one of the key events in the development of the country into the economic superpower it is today. [...]
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