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Zama oil reservoir ruling that favors Pemex to be challenged (resumen en español)


Letter of Energy Minister Rocío Nahle to Talos (p. 1), July 2, 2021
The arguments cited by Energy Minister Rocío Nahle to support the designation of Pemex as the operator of Zama will not withstand review
Talos Energy, Inc. (NYSE:TALO)
very disappointed with SENER s sudden decision to award operatorship to Pemex”
Tim Duncan, CEO Talos Energy
HOUSTON, TX, USA, July 20, 2021 /EINPresswire.com/ On July 2, Energy Minister Rocío Nahle, P.Eng., 57, in a 2-page letter advised Pemex and Talos Energy that Pemex had been designated the operator for the development of the Zama reservoir. Discovered by the Talos-led consortium in 2017, the reservoir, with recoverable 600-plus million barrels, is the largest in a generation in Mexico. ....

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Outgoing Trump Officials Warn of 'Significant Uncertainty' in Mexico Energy Sector


Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector
Members of the outgoing administration of President Trump have sent a letter to Mexican counterparts, including Energy Minister Rocío Nahle, admonishing regulatory changes they said are damaging Mexico’s investment climate.
The letter, signed last week by U.S. Secretary of State Michael Pompeo, Energy Secretary Dan Brouillette and Commerce Secretary Wilbur Ross indicated that recent government directives to regulators that favor state-owned companies create “significant uncertainty” in Mexico’s energy sector.
“In addition to harming several U.S.-backed private sector projects across the energy sector, these measures could adversely affect hundreds of millions of dollars of U.S. government public energy investments in Mexico made through the U.S. International Development Finance Corp., the Export-Import Bank of the United States and U.S. and Mexican public investments via ....

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New Five-Year Plan for Mexico E&P Potential Sign of Future Bid Round Reactivation


New Five-Year Plan for Mexico E&P Potential Sign of Future Bid Round Reactivation
The release of a new five-year plan by Mexican Energy Ministry Sener could be a sign that future exploration and production (E&P) bid rounds for private sector operators are in the offing.
That’s according to analysis done by Mexican consultancy Talanza. 
E&P bid rounds have been frozen since President Andrés Manuel López Obrador came to power in late 2018, and this would be a sharp departure from current government policy.
On October 28, Sener published the second five-year plan for E&P bidding processes as required by the Hydrocarbons Law. The first was published in 2015 with four subsequent annual updates from 2016 to 2019, but this is the first new plan published during the administration of López Obrador. ....

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