Mexico’s Energy Reform achieved a milestone this week as Argentina-based Pan American Energy (PAE) started drilling in the Hokchi-2 well on Sunday, the first time a non-PEMEX operator has ever drilled in Mexican waters.
Richard Spies, PAE’s Chief Executive, said that operations in the Tabasco-based block commenced at 1.30am local time on Oct. […]
by Lucy Raitano
Mexico could more than double the size of its economy by 2040 while total energy demand would increase by 20 percent, most of it coming from renewables and low carbon sources like natural gas, thanks in no small part to the country’s far-reaching Energy Reform, the International Energy Agency (IEA) forecasted in its Mexico Energy […]Continue Reading →
Mexico launched this week the auction process for the 12 blocks included on Round 2.2 of the country’s opening of its oil and gas industry, including nine in the northern Cuenca de Burgos area with prospective gas resources and three in the southern Cuenca del Sureste across the states of Chiapas and Tabasco, with both […]Continue Reading →
The beginning of a new era is approaching Saudi Arabia as it officially presents its “Vision 2030”, a plan for a post-oil economy. It will dedicate a whopping US$2 trillion toward a Public Investment Fund, which will be the largest sovereign wealth fund in the world and will help the country […]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 →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, David Enriquez, Partner at Goodrich Riquelme y Asociados explains why the general public’s conceptions about Round One L-04 and its impact on the economy are flawed and reviews the success of Round One L-03.
Q: What should Mexico expect in terms of […]Continue Reading →