September 24, 2014
Mexican President Enrique Peña Nieto speaks about the country’s telecommunications industry, energy assets and economic policies. Peña Nieto, speaking with Bloomberg’s Erik Schatzker, also discusses Mexico’s crime issues, the legalization of marijuana in some U.S. states and immigration (This report is in English and Spanish).
September 5, 2014
09/03/14 New York Times
Gov. Chris Christie of New Jersey offered a prescription for what he called a “North American energy renaissance” in an expansive speech here, calling for an end to Washington’s 40-year ban on crude oil exports, faster approval of natural gas pipelines between the United States and Mexico, and construction of the Keystone XL pipeline from Canada to the Gulf Coast. On the opening day of Mr. Christie’s trip to Mexico, a rare journey abroad as he considers a run for the presidency, he abandoned his trademark swagger for a data-filled, policy-rich and humility-heavy approach.
August 11, 2014
08/06/14 Dallas Morning News
Mexico’s plan to radically expand its energy sector passed its final legislative hurdle Wednesday, leaving behind 76 years of state monopoly for an uncertain future driven by competition.
The Mexican Senate voted 90-27 to pass the so-called secondary rules outlining the framework under which foreign companies will drill for oil and natural gas in Mexico. A cornerstone of President Enrique Peña Nieto’s ambitious economic overhaul, the law is expected to open the door to what some believe could be more than $1 trillion in investment and create a new energy paradigm for North America.
July 2, 2014
The first big set of contracts for oil and gas development in Mexico are likely to be delayed a few months, an energy ministry official said on Tuesday, after disagreements in Congress over detailed legislation to underpin them.
Congress is currently discussing so-called secondary laws, including some new rules and amendments to existing ones, needed to set in motion a landmark energy reform passed in December to open up the oil and gas industry to private capital.
June 9, 2014
06/07/14 The Brownsville Herald
Anyone who pays the slightest attention to the oil and gas industry knows that Texas is in the middle of a major energy boom, one concentrated largely on the vast Eagle Ford Shale formation that spans several counties in South Texas.
The same formation happens to extend south across the border into Mexico, where it’s known as the Burgos Basin. While Eagle Ford already has thousands of exploration sites in operation, virtually nothing is happening south of the border — nothing yet, at least. The Mexican government late last year instituted sweeping reforms on several fronts, including energy. The result is that, for the first time, companies other than PEMEX will be able to invest in energy exploration and production in Mexico.
June 3, 2014
Financial Post, 06/03/14
While the United States takes an aggressive stand against fossil fuels, its neighbours to the south and north are working together to boost oil and gas production.
A high-level delegation from Mexico was in Calgary Monday to invite Canadian companies to take advantage of its sweeping energy reforms.
Endowed with massive oil and gas resources, the two countries have made their development central to their economies, while taking the view that growth and environmental protection can move hand-in-hand, not at each other’s expense.
April 18, 2014
In the next two weeks, Mexico’s lawmakers are expected to release a series of laws, known as the secondary laws, that should begin to delineate how the revolutionary energy reforms approved last December will be implemented.
Prior to the reforms, Mexico had the most closed energy regime of any country in the world, save North Korea, some have quipped. This Latin perestroika is not going unnoticed in the US and abroad. It has become de rigeur at nearly every oil and gas conference to have at least one panel to discuss the changes, and with good reason.
Not only is Mexico close, the opportunity is huge. The country is prospective for 54.6 billion barrels of oil equivalent in conventional resources, and 60.2 billion in unconventional, according to PEMEX figures. And don’t forget NAFTA. Although Mexico’s energy industry had been excluded under Chapter 6 of NAFTA, that exclusion may no longer apply given the reforms, said Dallas Parker, a partner with Mayer Brown, during a presentation at Mergermarket’s 6th Annual Energy Forum last week in Houston.