Mexico’s Oil Auction: short-term disappointment v long-term progress

July 16, 2015

07/16/15 Financial Times/ Duncan Wood

Duncan,-for-wwics-site-2On Wednesday July 15, Juan Carlos Zepeda, the president of Mexico’s National Hydrocarbons Commission (CNH), announced the results of bidding for exploration contracts in 14 shallow water blocks in the Gulf of Mexico, the first time in over 75 years that production-sharing contracts have been awarded in the country. The results were eagerly awaited by energy industry analysts the world over. As the envelopes began to be opened, the president’s office and the CNH tweeted an inforgraphic stating that the process would be deemed a success if four to seven contracts were successfully awarded.

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Mexico’s Oil Auction: short-term disappointment v long-term progress

July 16, 2015

7/16/2015 Beyond Brics, The Financial Times

By Duncan Wood, Director, Mexico Institute

Oil Rig 2 by Flickr user tsuda Photo by Flickr user tsudaOn Wednesday July 15, Juan Carlos Zepeda, the president of Mexico’s National Hydrocarbons Commission (CNH), announced the results of bidding for exploration contracts in 14 shallow water blocks in the Gulf of Mexico, the first time in over 75 years that production-sharing contracts have been awarded in the country. The results were eagerly awaited by energy industry analysts the world over. As the envelopes began to be opened, the president’s office and the CNH tweeted an inforgraphic stating that the process would be deemed a success if four to seven contracts were successfully awarded.

In the end, only two blocks were awarded, both to a consortium formed by Sierra Oil of Mexico, Talos Energy of the US and Premier Oil of the UK. The government received offers from just nine bidders (five individual companies and four consortia), a pitiful tally given that 49 companies each paid $365,000 to enter the data rooms and 25 of those companies pre-qualified to bid. Of the majors, only ENI and Statoil made bids, leaving most of the big names on the sidelines.

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El Chapo Escapes: Major Setback for Mexico’s War on Organized Crime

July 14, 2015

Duncan,-for-wwics-site-2Duncan Wood, Director of the Mexico Institute, discusses El Chapo’s escape and what it means for Mexico’s War on Crime.

Watch the interview here


Manhunt Underway for International Drug Loard

July 13, 2015

Director of the Mexico Institute, Duncan Wood, discusses the escape of Joaquin “El Chapo” Guzman and the implications that this brings to the Mexican Government .

Click here to watch: on.msnbc.com/1GhT42y


Falling Oil Prices: Changing Implications for Global Producers

February 6, 2015

02/04/2015 Woodrow Wilson Center

As the price of oil continues to fall, the Wilson Center’s Africa Program, Canada Institute, Kennan Institute, Latin American Program, Middle East Program, Mexico Institute and its Regional and Global Energy Series convened an expert global panel, assembled from Russia, Colombia, Canada, Iran, and Nigeria, to discuss the economic and political repercussions of depressed energy prices, as well as the effects of the lower prices on competitiveness and investment.


Oil-Price Collapse May Aggravate Producing Nations’ Other Problems

February 6, 2015

1/5/2015 Oil & Gas Journal

energy - oil barrelsThe recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during a Feb. 4 discussion at the Woodrow Wilson International Center for Scholars.

“Mexico is a perfect storm—a serious production decline and a low oil price,” said Duncan Wood, who directs the center’s Mexico Institute. “It instituted modest energy reforms that look more like service agreements than production-sharing contracts. This might explain why only seven [international oil companies] have asked to see data rooms for the 14 offered contracts. There’s a perception the program has failed.”

Continued lower crude prices could force Mexico’s government to make moves so there would be more interest from outside the country, Wood said. “If it does, it could affect social programs and affect the popularity of [President Enrico Pena Nieto’s] government.”

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Watch the video from the event here.


Mexico Deports Record Numbers of Women and Children in US-Driven Effort

February 4, 2015

2/4/2015 The Guardian

Border fenceRecord numbers of women and children fleeing violence and poverty in Central America were deported by Mexican authorities last year, as part of US-driven operations to stem the flow of migrants reaching the American border.

More than 24,000 women were deported from Mexico in 2014 – double the number sent home in 2013. The upsurge in child detentions was even sharper – climbing 230% to just over 23,000, Mexican interior ministry figures reveal…

Duncan Wood, director of the Mexico Institute at the Wilson Centre, said: “Mexico knows the southern border is the biggest weakest spot of the country where it is most vulnerable to organised crime, undocumented migration and non-traditional threats like infectious diseases. The Peña Nieto government is trying to get a handle on it and reassert sovereignty. The US has offered help with great gusto.”

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