The government created Energy Reform with the goal of opening the oil sector to free competition and encouraging offshore and onshore exploration and production in the country. Authorities have been successful in this process so far.
The Ministry of Finance and Public Credit (SHCP) published the economic conditions for the first auction of Round 3. The entity said that these regulations seek to encourage investment and development of oil projects in the country.
The president of the Mexican Association of Hydrocarbon Companies (AMEXHI), Alberto de la Fuente, spoke about Energy Secretariat’s (Sener) plans to launch a pilot tender for unconventional fields and about Mexico’s potential in this sector.
The transport of refined-products in the Gulf of Mexico is going through several problems. Low prices, Pemex’s crisis and lack of ships, among other issues are threatening the performance of this industry.
The Mexican government created Energy Reform with the goal of boosting investment and recovering the energy sector’s poor performance. Hopes are placed on offshore projects in deepwaters of the Gulf of Mexico.