One of the biggest conundrums that the Mexican oil industry poses for the expert analysts that follow it closely is the obligation that Pemex has to operate by itself. This has always presented an added challenge to all of the already existing technical and red tape obstacles that the company has to overcome on a [...]
Continue Reading →Now that Enrique Peña Nieto has been confirmed as the next Mexican President elect, it seems like a good moment to revisit the question of energy reform, based on conversations conducted with key players in the oil and gas industry over the last few weeks, and see what this means for the upstream sector in [...]
Continue Reading →Last week, as you probably figured out from your multiple visits to our stand and the activity from our Twitter account, we were at the Congreso Mexicano del Petróleo 2012. In what was the biggest petroleum congress ever in Mexico, according to the organizer committee and its President, Dr. Guillermo Domínguez, [...]
Continue Reading →PRI presidential candidate and race frontrunner Enrique Peña Nieto announced yesterdaythat he would make opening Mexico’s oil and gas industry to private sector investment his ‘signature issue’, in an interview with Bloomberg in New York. Once again saying that Pemex should aim to be more [...]
Continue Reading →As in Mexico, Brazil’s oil sector development is closely linked to the country’s economic growth. President Calderón, speaking last week in Queretaro, raised the issue of Brazil, and how a turnaround in its oil industry regulation was one of the key events in the development of the country into the economic superpower it is today. [...]
Continue Reading →Between 2007 and 2010, Pemex spent around $1.8 billion USD on deepwater exploration, accounting for roughly 24% of the company’s total exploration investment during the period. Much of this money was spent on acquiring seismic data and drilling wildcat wells. As a result of its ramped up seismic acquisition programme, Pemex now collects [...]
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