Category Archives: Mexico energy reform

Did Chicontepec auction “fail”?

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During the past week we received a number of calls and emails from journalists who have asked for help in understanding the “failure” of the Chicontepec bid round.  We do not support the narrative of “failure,” as we explained in Market Note 171. The situation of Pemex vis-à-vis the IOCs is very simple: For the Continue Reading

What changes are needed for a meaningful upstream reform?

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In a business meeting in Mexico City on April 22, an unexpected revision of Mexico’s energy policy since 1958 was put forward for discussion: Mexico since 1958 has been following an import‐substitution strategy. It was observed that in order to build an oil industry three elements are needed: 1) Talent 2) Technology and 3) Financing. Continue Reading

Congressional hearing on energy to take place in Mexico City

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The congressional hearing on proposals for energy reform are scheduled March 11 and 12 at Hotel Hilton Reforma in downtown Mexico City beginning 10:30 a.m. Participants will include Ing. Cauhtémoc Cárdenas Solórzano y Jėsus Grijalva, Presidente Nacional del PRD. For more contact, Diputado Luis E. Cházaro at 503-60000, ext. 56378, or e-mail luis.chazaro@congreso.gob.mx.