The Mexican government granted several blocks in Round Zero to Pemex to guarantee that the company continued to be the main player in the oil sector after Energy Reform. The company also acquired goals for these blocks but the firm has failed to meet most of them.
Latin American countries aim to boost their oil industry, and they are making changes to achieve it. Many heavy weights have shown their interest in the region. Competition is increasing, governments are planning their strategies and companies are analyzing the most attractive alternatives.
President Enrique Peña Nieto and the Mexican Association of Fuel Entrepreneurs (Amegas) spoke about the impact on Energy Reform in the country.
The National Hydrocarbons Commission (CNH) and the National Institute of Transparency and Access to Public Information (INAI) signed an agreement to make public the information regarding expenses by CNH’s personnel.
The renegotiation of the North American Free Trade Agreement (NAFTA) is coming and the energy sector is preparing for this process. Energy Reform opened many opportunities for American companies. Texas business groups’ announced their support for NAFTA.
Pemex is looking to collaborate with several companies to recover its production metrics, share risks and share knowledge. The NOC requested adding a new area to the Nobilis-Maximino farm-out and the National Hydrocarbons Commission (CNH) ruled on this request.