Change is on the horizon according to PEMEX’s latest news; a transformational step that aims to boost efficiency and maximize profitability. Its Administrative Council has just approved the company’s corporate restructuring this week enabling it to reach new markets and become what Emilio Lozoya calls a stronger and bolder PEMEX. Following this paradigm shift to [...]Continue Reading →
Farm-outs, joint-ventures, and the fresh rendering of Mexico’s hydrocarbon sector backed by the Energy Reform have caught the attention of the international oil and gas industry, where the unprecedented changes in the country are a simmering reality that has kept the expectation at a constant high. Time is only ticking for the first set of [...]Continue Reading →
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 →
Farming out exploration and production blocks in Mexico’s hydrocarbon assets is clearly a trending topic in the international oil and gas community. Just a few days after the enactment ceremony of the Secondary Laws, PEMEX’s E&P Director General Gustavo Hernández revealed a list of potential partners to tap into the country’s deepwater opportunities. Given [...]Continue Reading →
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 →