The bidding terms for the first blocks of Round One were presented yesterday in a ceremony that marked the starting point for oil exploration by local and international private companies in Mexico, something that was defined as an “unprecedented milestone in the history of the country“ by Pedro Joaquín Coldwell, Minister of Energy.
“Today […]Continue Reading →
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 →
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 →
“Implementing the new Reality” will be the main focus of the Energy Day´s fourteenth edition, the annual event organized by the British Chamber of Commerce in Mexico, which will take place on September 30th at the Hotel Camino Real in Polanco.
This event has become a reference for professionals in the oil and […]Continue Reading →
In an interview granted to Atzayaelh Torres from newspaper El Financiero, SENER Undersecretary for Hydrocarbons Lourdes Melgar stated the first few privately extracted barrels of oil that count towards Mexico’s national production index can be expected to appear before the end of the current President Enrique Peña Nieto’s administration, which runs from 2012 to 2018. […]Continue Reading →
Leaders within PEMEX and the overall public sector of the energy industry have been busy granting interviews and offering statements in the wake of Wednesday’s announcements. These declarations have sought to explore the way in which the Energy Reform will impact PEMEX’s future strategy. For example, a piece in newspaper Reforma titled “PEMEX Evaluates importing […]Continue Reading →