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 →
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 →
Leaders within PEMEX and the overall public sector of the energy industry have been busy granting interviews and offering statements in the wake of Wednesday’s announcements. These declarations have sought to explore the way in which the Energy Reform will impact PEMEX’s future strategy. For example, a piece in newspaper Reforma titled “PEMEX Evaluates importing [...]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 →