Mexico’s Energy Sector in 2016

Mexico’s Energy Sector in 2016

MEI Report 835

Houston, January 31, 2017

This report surveys developments in Mexico’s energy sector in 2016, taking note of high-level personnel changes and institutional and commercial developments. Most of our attention was placed on understanding the farmout strategy that Pemex announced in mid-July and that became the basis for the auction on Dec. 5 of a working interest in Pemex’s Trión lease.

In relation to the electricity sector, we prepared a Bilingual Glossary of Mexico’s Power Industry for the Gulf Coast Power Association. We also prepared several reports related to bilingual proficiency, with reference to challenges in Mexican Spanish.

MEI 835 Figure 1 - Pie Chart - Baker & Associates, Energia.com

We conclude that the energy reforms of 2013-16 represent a transitional regime. In Table 1 we suggest features of the upstream regime to follow this one. We observe that offshore safety in Mexico would be better today had the government not let four years go by after the Macondo incident in 2010 to make an institutional commitment to public oversight.

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Written by

Baker & Associates offers niche-market consulting services and business intelligence related to Mexico's oil and gas, power and chemical industries. Subject matter expert and publisher George Baker, who spearheads the firm, carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. His knowledge and familiarity in these industries runs deep.

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