New Publications | Global Agenda Council on the Future of Oil & Gas

Mexico Institute Director Duncan Wood has been working with the World Economic Forum’s Global Agenda Council on the Future of Oil and Gas for the past two years. They have now published several short publications and blog posts. Check them out below!

Blog Posts:

What happens when demand for oil peaks

Big oil has a big trust problem – can the industry put that right?

Publications:

Future Oil Demand Scenarios

Trust Challenges Facing Global Oil & Gas Industry

Future of Oil & Gas (synthesis)

Also, check out the Global Agenda Council on the Future of Oil and Gas’ webpage here: https://www.weforum.org/communities/global-agenda-council-on-the-future-of-oil-gas

Gulf Oil, Gas Leases Up for Sale; Environmentalists Protest

3/23/16 New York Times

532687354_fdef042d72_zNEW ORLEANS — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest.

The Bureau of Ocean Energy Management is offering about 45 million acres for exploration and development. Companies submit bids in advance to the agency, which announces the results at the sale. It’s held at the Superdome.

Wednesday’s auction will be for lots in the central and eastern sections of the Gulf. The central region is generally the most active part of the Gulf. The Bureau of Ocean Energy Management said Tuesday that it had received 148 bids on 128 blocks in the central section but had received no bids for the eastern region.

Interest has been limited in recent sales as the industry struggles with low energy prices.

Read more…

THIS THURSDAY: Second Annual North American Energy Forum

mainWHEN: Thursday, September 17, 9:00am-1:00pm

WHERE: 6th Floor Auditorium, Woodrow Wilson Center

Click here to RSVP. 

The Mexico and Canada Institutes of the Woodrow Wilson Center are pleased to invite you to the Second Annual North American Energy Forum.

9:00 am – Welcome
Duncan Wood, Director, Mexico Institute
Laura Dawson, Director, Canada Institute, Wilson Center
9:10 am – The Outlook for the Oil and Gas under Low Prices
Moderator: Jan Kalicki, Wilson Center Energy Fellow
Speakers: 

Marco Antonio Cota Valdivia, Director General of Exploration & Extraction of Hydrocarbons, Ministry of Energy
Sara Ladislaw, Director and Senior Fellow, Energy and National Security Program, CSIS
Shirley Neff, Senior Advisor, U.S. Energy Information Administration
Duncan Wood, Director, Mexico Institute

Issues:
• The outlook for North American oil and gas production
• Mexico’s oil and gas reform
• Canada’s oil sands after Keystone and low prices

10:30 am – Keynote Addresses

Cesar Hernandez Ochoa, Mexican Under-Secretary of Energy for Electricity
Amos J. Hochstein, Special Envoy, Bureau of Energy Resources

11:30 am – Coffee and Snack Break

11:45 am – North American Electricity Futures
Moderator: Laura Dawson, Director, Canada Institute

Speakers:
Patrick Brown,  Director of US Affairs, Canadian Electricity Association
John Renehan, Director of Strategy, GE Power and Energy
Eduardo Andrade, Corporate Director, Iberdrola Mexico
Rafael Fernandez
Henry Gentenaar, Managing Partner,  MegaSolar

Issues:
• The development of Mexico’s electricity market
• Linking the region’s electricity grids and markets
• New technologies and ideas
• Smart grids and distributed generation

1:00 pm – Event Concludes

Click here to RSVP.

Report: How to make business sense of Mexico’s energy reform

6/1/2015 Fuel Fix

energy- oil pumps 2Mexico is opening its oil and gas fields to foreign investment for the first time in decades – a potential business bonanza for companies that can navigate the changes.

A preliminary report released last week on Mexican energy reform was prepared by the University of Texas at San Antonio Institute for Economic Development, the Universidad Autonoma de Nuevo Leon, the Asociacion de Empresarios Mexicanos and the Woodrow Wilson Center.

The report is aimed at companies on both sides of the border trying to figure out how to get a toehold in the new energy market in Mexico.

Read more…

Download the report here.

Shale to Play Significant Role in Mexico’s Energy Reform Success

6/2/2015 Rigzone

telecomunicaiconesMexico’s shale resources will play an integral role in the success of Mexico’s energy reform, but significant challenges will need to be addressed, including the construction of roads, housing, rail, pipelines and other infrastructure, as well as skilled workforce development and security issues.

The country is well-positioned to take advantage of unconventional extraction techniques due to its close proximity to major shale development in South and West Texas, according to a preliminary report that examines the impact of energy reform on the Mexican states of Coahuila, Nuevo Leon, Tamalipas, and Veracruz. It also outlines the new institutional framework of Mexico’s energy sector.

The report is the result of a collaboration between the University of Texas at San Antonio (UTSA), Universidad Autonoma de Nuevo Leon, Asociacion de Empresarios Mexicanos, and the Mexico Institute of the Woodrow Wilson International Center for Scholars.

Read more…

Download the report here.

NEW REPORT: Economic Impact and Legal Analysis of the Shale Oil and Gas Activities in Mexico

preliminary-report-bannerOpportunities for unconventional or shale oil and gas production in Mexico are in the earliest stages of development. While shale gas production increased significantly in the U.S. over the past decade or so, and shale oil production over the past few years, no other country in the world has yet to replicate that success. Due to its close proximity to major shale field development in South and West Texas, Mexico is particularly well positioned to take advantage of unconventional extraction techniques. However significant challenges will have to be addressed.

This preliminary report focuses on the impacts the Energy Reform will have on the Mexican Economy. The core study area concentrates on the economic impact on the following states: Coahuila, Nuevo León, Tamaulipas and Veracruz. This report contains a general overview on the Energy Reform, an economic background on oil and natural gas (especially trade between the U.S. and Mexico), a state level profile, infrastructure, and educational issues specific to oil and natural gas activities.

The purpose of the study is to gauge the growth and the effects that the oil and natural gas industries have for residents and decision makers in the aforementioned Mexican States. Although industry developments and other social issues may be still considered, the scope and breadth of these impacts are very large, and tangible effects on the region will be felt for years to come.

Click here to download the report.

Mexico’s Oil and Gas Reserves Fall 3.1%

03/11/15 Wall Street Journal

energy - oil pumpsMexico’s proven oil and gas reserves fell by 3.1% last year to 13.02 billion barrels of crude-oil equivalent as national oil company Petróleos Mexicanos was unable to find new reserves to replace all the petroleum it took out of the ground last year, the National Hydrocarbons Commission said. Reserves of crude oil stood at 9.71 billion barrels as of Jan. 1, versus 9.81 billion a year earlier, the commission said late Tuesday. Natural gas reserves were 15.29 trillion cubic feet, compared with 16.55 trillion cubic feet in 2014. Proven oil and gas reserves are equivalent to 10 years of production at current rates.

Read More…