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.
Mexico wants to boost the oil sector and the government has made several adjustments in requirements to take part in the oil rounds since the beginning of Energy Reform. The National Hydrocarbons Commission (CNH) talked about these changes and the goal of making them.
Energy Secretary Pedro Joaquín Coldwell, said that investments made after Energy Reform was enacted have allowed Mexico to discover more deposits now than at any time during the last 70 years.
The Energy Regulatory Commission (CRE) said that there should be a regional integration with the US and Canada to create a worldwide economic competing bloc.
Mexico will carry out a new oil Round next year; it will be the eighth auction since 2014, when Energy Reform started. There are high expectations from the success of previous rounds. Pedro Joaquín Coldwell, Energy Secretary, talked about this new Round.
The National Institute of Natural Resources and Governance (NRGI) highlighted the National Hydrocarbons Commission’s (CNH) transparency measures, although other Mexican entities fell 11 places in four years in 2017’s NRGI Index of Governance.
The National Institute for Access to Information and Protection of Personal Data (INAI) asked Pemex for information on its subcontracted employees, but the NOC declared most of the required information as “non-existent.”