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Archives
Category Archives: oil and gas
Perfect Storm – Is the Mexican Economy About to Collapse?
Mexico’s underperforming economy has been covered here before. But those posts addressed long-term, structural impediments to Mexico’s ability to develop a modern economy with a higher growth rate. Notably, those posts did not address the most commonly cited ‘structural’ flaws … Continue reading
Posted in economic development, economy, energy, fdi, finance, informality, investment, labor, narco, oil and gas, organized crime, Pact for Mexico
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Round 1 Shallow Water Contracts & Nightmare Compliance Provisions
The Secretary of Energy (SENER) and National Hydrocarbons Commission (CNH) released draft contracts and other information related to the Round 1 bidding on shallow water projects. Round 1 Basics Here is a map of the shallow water locations up for bidding: The Round … Continue reading
Posted in CNH, compliance, corruption, energy, fdi, oil and gas, Pact for Mexico, pemex, procurement, reform, SENER
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As it Turns to 2015, How Can Mexico Put 2014 Behind?
2014 was an unfortunate year for Mexico, despite (initially) glowing praise from international media outlets and a relatively painless process of passing major economic reforms. Ultimately, dark reality triumphed over glittering narrative, and the PR-based presidency of Enrique Peña Nieto (EPN) … Continue reading
What’s Wrong with Mexico – Foreign Investment
In a previous post, I discussed how informality may or may not weigh on Mexico’s economic performance. Here, I will look at foreign investment, with a particular focus on foreign direct investment (FDI). The issue of foreign investment is a … Continue reading
Posted in economic development, economy, fdi, investment, labor, oil and gas, reform
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Pacto por Mexico – Energy Reform Passed
Last week, Pres. Pena signed into law the secondary legislation implementing the Energy Reform under the Pacto por Mexico. The final contours of the law did not differ significantly from the changes made by the Senate, discussed here. This is … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, reform, Uncategorized
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Anticorruption Update – Stalled Reform, Policing PEMEX/CFE
Forgotten Reform As discussed in previous posts, corruption in Mexico is a serious issue, costing the country up to around 9 percent of GDP. Thus, it’s not surprising that corruption has made its way onto the reform agenda of the Pacto por Mexico. … Continue reading
Posted in corruption, economy, energy, legislation, oil and gas, Pact for Mexico, pemex, politics, reform
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Pacto por Mexico – Energy Reform Update
It has taken a bit longer than expected for the secondary legislation of the Energy Reform to make it through the Congress. On Wednesday, the Senate published the changes made to the secondary legislation in committee, all of which can … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, pemex, reform
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Energy Reform Update
As discussed in the last post, Pres. Peña (EPN) introduced draft implementing legislation for the Energy Reform at the end of April. Below is a brief update on the legislature’s review of the implementing legislation. On June 4, the working sessions … Continue reading
Posted in energy, legislation, oil and gas, Pact for Mexico, pemex, reform
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Energy Reform – Secondary Legislation Introduced
On Wednesday, April 30, President Peña (EPN) submitted to the Chamber of Deputies draft secondary legislation package implementing the far-reaching energy reform proposed under the Pacto por Mexico. Although the reform was ‘passed’ by the legislature in December of last … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, pemex, reform
3 Comments
Energy Reform Proposals – the Pact for Mexico Gets Serious
As previously discussed, the Mexican government’s reform agenda – the Pact for Mexico – has pursued a ‘staged’ approach to fulfilling the 95 promises on which the three major political parties agreed after last year’s presidential election. Thus, the first reforms addressed … Continue reading
Posted in energy, legislation, oil and gas, Pact for Mexico, pemex, politics, reform
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The Mexico Monitor 