Groundbreaking changes to Mexico’s energy regime are expected to take effect throughout the coming 12 months. Essentially, the Energy Reform and its Secondary Laws will enable private participation in the oil and gas sector’s exploration, production, and distribution of hydrocarbons. Dynamic activities in all of the industry’s segments is set to kick in sooner than [...]Continue Reading →
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 →
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 →
Reshaping the legal framework of Mexico’s constitution in energy terms was thought of as an impossible feat to attain. Nonetheless, in less than a year after the unprecedented Energy Reform’s proposal, the reality is now set to sink in sooner than later. The reform is expected to change paradigms that the country’s energy [...]Continue Reading →
According to reports from a meeting that took place yesterday between CFE Director General Enrique Ochoa and COPARMEX President Juan Pablo Castañón, the 21 new or modified laws that compose the Energy Reform’s package of Secondary Laws (which were finally approved & passed by both legislative bodies this week) will be promulgated on [...]Continue Reading →
As the final steps leading up to the transformation of Pemex into a productive enterprise of the state draw near thanks to upcoming industry landmarks such as the announcement of the Round Zero results in September and the complete passing of the Secondary Laws at some indeterminate point in the next month, it [...]Continue Reading →