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 →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, Mauricio Herrera Madariaga, Executive and Administrative Coordinator of Fondo Mexicano del Petroleo sheds light on the purpose of the oil fund and erases all misconceptions that might exist surrounding its performance so far.
Q: Why did Mexico […]Continue Reading →
2015 was very eventful in the oil and gas industry, filled with unexpected turns, be they for the best or the worst. The Energy Reform took effect in 2014, when President Enrique Peña Nieto amended the constitution, opening the country’s energy sector to private investment for the first time in decades. One of the main […]Continue Reading →
On Monday 16 December, Mexico’s Secretary of Energy Pedro Joaquin Coldwell presented the International Energy Agency’s Executive Director Fatih Birol with an official letter declaring Mexico’s interest in joining the advisory organization.
The IEA was founded one year after the 1973 oil shock as an autonomous intergovernmental organization within the OECD framework, in order to […]Continue Reading →
The date for Round One L-04 has yet to be disclosed, but so do the industry’s new standards, a change that has deepwater companies gripped to their seats, whether already in Mexico or planning to enter the country. In light of this, we are sharing an excerpt from Mexico Oil and Gas Review 2015 which gives […]Continue Reading →
Has the deepwater sector irreparably sunk?
A day before Halloween, major international companies announced some spooky news. After 17 months of dropping oil prices with no end in sight, they are turning away from the costly, high-risk megaprojects that were previously claimed as the future of the industry. US oil producers are switching to […]Continue Reading →