As the fifth round of negotiations of the North American Free Trade Agreement (NAFTA) starts on Friday, energy has remained out of the limelight.
The strategic tendency to see North America as one self-sufficient, integrated, energy producing area is generally prevalent within the three governments and the energy sector. The United States […]Continue Reading →
In the latest episode of the ongoing saga of the Energy Reform in Mexico, the National Hydrocarbons Commission (CNH) announced this morning the foundations for the second stage of Round One. In an extraordinary meeting, CNH Commissioners approved the bidding processes for nine hydrocarbon fields with 2P reserves, located north of the 14 blocks included […]Continue Reading →
The federal government’s decision to cut its public expenditure for 2015 by 2.65%, or MX$124 billion, would not be a major problem if half that cut did not come out of the budget of the national oil company, PEMEX. This amount represents 10.4% of the MX$594.6 billion total expenditure PEMEX […]Continue Reading →
The last quarter of the year seems to evidence the exhaustion of a PEMEX model that no longer holds itself, no matter which angle it is looked at. The fact that the price of Mexican crude oil has dropped below the barrier of US$50 per barrel is just another factor of concern for the […]Continue Reading →
As it has been the case with the presentation of its quarterly results for the last year and a half or so, PEMEX began its conference call announcing its 3Q14 results with a brief overview of matters surrounding the Energy Reform and the way in which they will impact the NOC. A calendar […]
by Pedro Alcalá
The hype surrounding the release of the exploration areas and production fields in Mexico’s hydrocarbon assets that will be available for the private sector to bid has finally simmered to a reality. The general terms that will be applicable to all contracts were just released by SENER this week and even though Round One’s first set […]Continue Reading →