Blog
Is the Administrative Rescission of an E&P Contract Arbitrable under USMCA?
With similar provisions to NAFTA, USMCA’s Chapter 14 contains a set of rules for protecting investments of nationals from other State Parties regarding Mexico: American and Canadian investors. Among these protective provisions are several principles of international...
Closing, Decommissioning and/or Abandonment Program (CDAP)
An update in the Guidelines for Industrial and Operational Safety, and Environmental Protection to Closing, Decommissioning and/or Abandonment of the Hydrocarbon Sector Facilities was published in the Official Gazette (DOF) last May 21st, 2020. Purpose: to establish...
Upstream Industry and the ‘New Normal’ challenges, mitigation measures in LATAM
Given the current situation, governments are applying different measures to support the Oil Industry. What measures are being applied in LATAM countries regarding the Upstream Industry? Argentina Access to the Emergency Support Program of Work and Production. Local...
Las Transferencias Ordinarias del FMP en enero 2020
Los Ingresos Petroleros de Asignatarios y Contratistas son administrados, invertidos y distribuidos por el Fondo Mexicano del Petróleo (FMP). En enero de 2020, el FMP distribuyó 36.1 mil millones de pesos. Los Fondos Sectoriales y de Estabilización en materia...
Pemex’s new strategy facing 2019 results in E&P
On February 27th, Petróleos Mexicanos (Pemex) presented its preliminary results as of December 31st, 2019. According to the Annexes of the Report, in 2019 Pemex's total production dropped 4.4%, from 2,516 to 2,405 Mboed. According to Pemex, the strategy of developing...
SHCP | Annual report to establish the values of the economic terms of E&P Contracts 2020
On January 15th, 2020, the Ministry of Finance (SHCP, by its Spanish Acronym) published its Annual Report to Establish the Ranks of Values of Economic Terms of E&P Contracts 2020, according to that established in the article 5 of the Hydrocarbons Revenues Law...
Reduction of Pemex’s Share Utility Right
On December 9th, 2019, the Official Gazette published the “Decree that reforms and adds various provisions of the Hydrocarbons Revenue Law” (the Decree) which aim is to reduce Pemex’s shared utility right (DUC[1], by its Spanish acronym) from the current 65% to 58% in...
The Upstream Sector in the AMLO’s first Annual Report of Government
One of the main policies of the administration of President Andrés Manuel López Obrador (AMLO) has been the rescue of the energy sector by strengthening the State's productive enterprises. Below, you will find the relevant data comprised in the Government Report...
Five years after Round Zero: The pending issues
Today, August 13, 2019 marks 5 years of having published the results of the so-called Round Zero, in which the Ministry of Energy (SENER), with the technical assistance of the National Hydrocarbons Commission...
Environmental Obligations to be Fulfilled by the Upstream Industry
Mexico has a solid legal framework that regulates air emissions impacts. In addition, specific guidelines that regulate emissions arise from Exploration and Production (E&P) of hydrocarbons have been developed recently: (i) the Technical Provisions for the...
The best strategy to achieve the long-term development of the Nation.
Yesterday, CNH approved the cancelation of the Bidding CNH-A6-7-Asociaciones/2018, which purpose was to select Pemex’s partner to develop 7 blocks located in Chiapas, Tabasco and Veracruz, mainly Light Oil (405.1 mmboe of 3P). It is not the first...
Changes to the basic organic structure of Petróleos Mexicanos and its Subsidiary Entities, and the appointment of Pemex’s independent advisors.
1. Changes to Petróleos Mexicanos’ (Pemex) structure On March 26th, 2019 in its Extraordinary Session 939, Pemex's Board of Directors approved the merge of four of its Subsidiary Entities: Pemex Drilling and Services with Pemex Exploration and Production; and...
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