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 →
Just three days after the successful R1-L3 that oversaw the allocation of no less than 100% of the 25 fields tendered, government officials and experts voice their hopes and concerns over the results.
Lourdes Melgar, Undersecretary of Hydrocarbons at the Ministry of Energy (SENER), explained that the design of the tenders was consciously […]Continue Reading →
The third phase of Mexico’s first licensing round was a resounding success as all of the 25 available fields were awarded. Tenders were done in two phases, with the fields with most reserves, known as type 2, allocated before the smaller type 1 fields. Of these, 22 were won by Mexican companies, with […]Continue Reading →
December 15th 2015 marked an important date in the history of Mexico’s oil and gas industry, as the winners of the much awaited Round One L-03 were announced. The process tendered 25 onshore fields located in Chiapas, Nuevo Leon, Tabasco, Tamaulipas, and Veracruz, and was divided into two parts, according to the type of field. […]Continue Reading →
The New Economics of Oil
What if everything you thought you knew about oil was wrong? That is the idea behind the paper published last week by Spencer Dale, BP’s Chief Economist.
New Economics of Oil takes the key principles and beliefs we think underpin the operation of the oil market and reveals […]Continue Reading →
The third phase of Round One is expected to be a detonator for the national oil industry by attracting many small firms, particularly national players, interested in becoming operators. The heightened interest in this round could be explained by certain changes that have been implemented. Firstly, Round One L-03 no longer focuses on companies’ financial […]Continue Reading →