Category Archives: Market Notes

Ronda Cero webcast: A Guide for the Perplexed

Written on , by

Mexico is following the example of Brazil of allowing the state oil company to select oil those oil and gas properties that it wishes to retain prior to any international tenders for future blocks. This initial step was called a “Round Zero.” By the Decree of December 20, Pemex was given 90 days to submit Continue Reading

Greater Houston Partnership to sponsor half-day program on Mexican energy reform

Written on , by

MEI COMMUNITY NOTE HOUSTON — The Greater Houston Partnership is sponsoring an important half-day program in Houston Wednesday, March 12, on Mexican energy reform. A description of the event is attached below, and the program (in PDF) is attached. This event will be the first occasion at which the replacement of Carlos Morales will address Continue Reading

Mexican Kremlinology

Written on , by

MARKET NOTE 185 HOUSTON — This report offers a framework for considering the appointments to, and resignations from, positions in the public sector that require appointments by the President of Mexico. Our particular interest in this topic are the recent resignations of Carlos Morales from the top job in Pemex E&P and of Francisco Rojas Continue Reading

Two reports on Pemex’s 2013-14 Mega-Tender for Onshore Wells

Written on , by

On August 29, 2013, Pemex issued an international RFP (Request for Proposal) No. 18575088-542-13 which called for proposals for some 1,300 wells in ten blocks (or packages). In December, two of the five blocks in Chicontepec were withdrawn, leaving the maximum number of wells at slightly less than 800. The bid packages were acquired by Continue Reading

Navigation path for Pemex documentation

Written on , by

Pemex’s mega-tender for onshore wells FINDING ONLINE DOCUMENTATION on Pemex’s public tenders can often be the thankless task of hours, days or weeks. To round out our reporting and analysis on Pemex’s mega-tender for the drilling of hundreds of onshore wells (Market Notes 182 and 183), and to respond to inquiries that we have received Continue Reading

The evolving shape of upstream reform in Mexico

Written on , by

MARKET NOTE 174 seeks to take stock of the rumors that were floated in the FT and WSJ on November 6 about the government’s willingness to go beyond a profit-sharing oil regime. We wonder if the harsh lesson of Brazil’s Libra auction has come home: If American oil companies do not participate in your bid Continue Reading

Why Energy Reform in Mexico?

Written on , by

Five explanations—none convincing IN RELATION TO ENERGY, Mexico is the Kingdom of Indirect Speech. Any topic has an overtone, a trasfondo of the intertwined strands of history and the public mind that are associated with that topic. So it is with energy reform. The government says that it wants to amend Articles 27 and 28, Continue Reading