The Mexican Government will pay part of Pemex investments made in selected areas. Those zones are going to be tender. According to a report in Expansion, the government would pay US$268M.
The country will invest more than US$400M in renewable energies, according to Minister of Energy Pedro Joaquín Coldwell. Investments will focus particularly on solar energy. Guanajuato is the Mexican State is the most benefited.
For some experts the Reform´s achievements in such a short time, with an oil crisis in the middle, is positive. But others analysts think the reform did not produce the promised short-term effects.
The Agency for Safety, Energy and Environment (ASEA) and the Bureau Ocean Energy Management (BOEM) signed a letter of intent to strengthen “cooperation, coordination and information exchange on environmental issues related to hydrocarbon activities offshore in the Gulf of Mexico”, according to a press release.
The country has great potential to reduce greenhouse gases. But Mexican authorities must create more public policies. Mexico could reduce up to 50% methane content in oil and natural gas, according to Terra.
At the Eighth Meeting of Finance Ministers of the Americas and the Caribbean, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) acknowledged that Mexico has made great advance in structural reforms and financial inclusion terms, according to Dinero en Imagen.
The International Monetary Fund (IMF) has reduced Mexico´s growth expectations for the next two years. The oil crisis and the poor performance of the United States were the main reasons to make this decision.
Pedro Joaquín Coldwell, Secretary of Energy, said that Mexico has tripled its clean energy capacity. In last power auctions, private firms acquired 98% of solar and wind capacity in the country, according to a report in Milenio.
Fracking is a controversial extraction technique but it seems that the government will allow this methodology in the country. Secretary of Energy, Pedro Joaquín Coldwell said the administration is preparing a tender to explore shale deposits, according to a report in Milenio.
Representatives from Mexico, Cuba and the United States are holding meetings in Mexico City, to overlap offshore rights in the Gulf of Mexico´s Western Polygon, according to a report in El Economista.