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Regulations & Policy

Natural gas price could rise: says Concamin

The Concamin (Mexico’s confederation of industry associations) talked about the liberalization of natural gas in the country and gave recommendations to boost the sector.

 

Monday, July 10th, 2017
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Round 2.1 the most competitive worldwide

Round 2.1 the most competitive worldwide

Round 2.1 results were very positive for the Mexican government. Expectations were high and participants fulfilled these. The National Hydrocarbons Commission (CNH) highlighted the number of offers per block in this round.

Thursday, July 6th, 2017
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IMEF on Energy Reform

The government created Energy Reform to boost the sector and help Pemex overcome its financial crisis. There were many critics of this process, but it has generated positive results for the country in a short time. The Mexican Institute of Finance Executives (IMEF) wrote an article about its opinion of the Reform.

Thursday, July 6th, 2017
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Fitch on Mexican oil industry

Fitch on Mexican oil industry

The country has signed many exploration and production contracts to boost the oil sector, since it is facing tough times. Pemex production has fallen and will continue this tendency in the short and medium term. Fitch talked about the sector and its perspectives.

 

Wednesday, July 5th, 2017
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Ciudad del Carmen is optimistic about coming oil projects

Ciudad del Carmen is an important place for the Mexican oil industry. The industry will develop several projects and the city is optimistic about the results. Shell (LON: RDSB) and Total E&P (NYSE: TOT) are preparing to start working there.

Tuesday, July 4th, 2017
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Oil rents represent just 1% of GDP

Oil rents represent just 1% of GDP

The oil sector became one of the main sources of income for the Mexican State, but Pemex problems and the recent oil crisis affected this. Jose Antonio Meade, Secretary of the Finance, talked about this situation.

Wednesday, June 28th, 2017
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Romero Deschamps accused of complicity in oil theft

The Mexican Republic Oil Workers Union (STPRM) complained about the dismissal of over 2,000 workers, while its president Carlos Romero Deschamps was accused again of being involved in an oil theft network. These and other stories in our periodic summary of labor-related issues.

 

Wednesday, June 28th, 2017
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Round 2.2 and 2.3 prequalified bidders

The National Hydrocarbons Commission (CNH) approved the prequalification of 28 companies to take part of Round 2.2 and 2.3 and also the final version of the contracts.

Tuesday, June 27th, 2017
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Ayín-Batsil will pay Pemex up to 25%

The operational profit share of the Cárdenas-Mora and Ogarrio fields will be between 1% and 13%. The Ayín-Batsil area will range from 18.20% to 25%.

Tuesday, June 27th, 2017
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Mexican government is “extremely satisfied” with Round 2 results

The head of Energy Secretariat (Sener,) Pedro Joaquín Coldwell, gave his opinion on Round 2 results and the benefits it will bring to Mexico.

Thursday, June 22nd, 2017
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