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Mexico Mulls Curtailing Energy Bids Amid Falling Prices
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Mexico is likely to move ahead with long term deep water oil exploration tenders in 2015, and delay tenders for shale and other oil fields. President Nieto's popularity has dropped to 40%, an all time low, reducing political capital. Other problems are staffing the agency that will put together the bid round, which will take time. The initial bids for 109 exploratory blocks and 60 production fields were earlier planned for 2015. Shallow water fields are likely to go first. Oil companies are expected to be choosier in making investments at the current oil price, yet retain interest in long term deep water oil exploration.
The impact of lower oil prices in 2014-2015 on Mexico's plans to open its oil industry to foreign investment
12/06/2014
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Mexico's oil law and the limited foreign investment in the oil industry
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Efforts by the Pena Nieto administration to change the oil law from the period of nationalization in 1938 which limits foreign investment in the oil industry. Mexico needs foreign investment to increase oil exploration and production.
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Mexico's Leader Tackles Historic Oil Law
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Mexico's shift to becoming a net oil importer in March 2013 and the new oil law to attract foreign investment
12/12/2013
With global investment in U.S. oil and shale development, experts say Mexico's oil law will only remove the first impediment to foreign inestment in the Mexican oil industry. The urgency for the legislation comes at a time when Mexico's oil exports dropped from 1.37 million barrels a day to 0.9 million barrels a day by August 2013. As Mexico also imports products from U.S. oil refineries of 0.8 million barrels a day, Mexico was nearly a net oil importer by August 2013.
Grouped Articles
How Shale Helped Frack Mexico's Energy Impasse
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Mexico Mulls Curtailing Energy Bids Amid Falling Prices
Wall Street Journal 12/06/2014
Mexico's oil industry under the administration of president Nieto
05/09/2013
Grouped Articles
To power Mexico forward, Peña Nieto looks to energy reform - The Washington Post
Washington Post 05/09/2013
Mexico's Leader Tackles Historic Oil Law
Wall Street Journal 08/02/2013
Mexico Moves to Overhaul Oil Industry
Wall Street Journal 08/13/2013
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexican oil workers fear Pemex proposal - The Washington Post
Washington Post 08/15/2013
Mexico Pitches Oil Sector Overhaul to Skeptical Audiences
Wall Street Journal 08/14/2013
Foreign investment in Mexico's oil and gas industry after the new oil law in 2014-2015
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Grouped Articles
For U.S. Drillers, the Days of Easy Money End
Wall Street Journal 01/02/2014
Mexico Mulls Curtailing Energy Bids Amid Falling Prices
Wall Street Journal 12/06/2014
Mexico Strains to Lure World’s Oil Giants
Wall Street Journal 09/30/2015
Can Oil Help Mexico Withstand Trump’s Attack on Trade? It’s Hard to See How
The New York Times 11/28/2016
Despite Plunging Peso, Wildcatters Try Making Money on Oil in Mexico
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