News & Analysis as of

Ghana – A Further Push for Transparency in the Petroleum Sector

Many countries rich in natural resources are notorious for secrecy, corruption, and the mismanagement of revenues from oil and gas activities. But Ghana, following the success of its Jubilee development brought on stream in...more

China-Mexico Energy Trade Ties in Progress

China and Mexico have been at opposite ends for decades, especially since the latter accused the former of flooding the U.S. market with cheap goods that affected the sales of its own. However, now that the Mexican oil and...more

Mexican Energy Reform Progress Report - Two Steps Forward, One Step Back

Finalization of Mexico’s energy reforms is accelerating and specific foreign investment opportunities are emerging, but detailed “Secondary Legislation” will likely be delayed to late April or a special congressional session...more

Chinese Going Global

In recent years, we have seen several joint venture investments by Chinese state-owned and private enterprises in U.S. energy holdings, motivated in large part by the need for Chinese entities to understand the management...more

The CFIUS Review Process And Foreign Investments

Washington is a town that is filled with secrets – some interesting and others not so interesting. I grew up and have practiced law in Washington, DC. all of my career. ...more

Private Sector Investment Powering Mexico Solar Energy Sector

After the failure of subsidies in driving the solar markets of Spain, Italy and the Czech Republic, Mexico and a number of Latin American countries are planning to ensure the growth of their renewable markets through private...more

Mexico Opens Up Its Energy Industry: The Liberalization of Mexico’s Energy Sector May Lead to New Opportunities for Investors

Mexico’s president, Enrique Peña Nieto, introduced a reform in August 2013, according to which the Mexican state will give up absolute control over the supply of oil, gas and electricity. The relevant bill changing the...more

REsource - Winter 2013/2014

In This Issue: Bringing Non-U.S. Capital Into (and Back Out of) U.S. Real Estate; A Wider Play of Shale: A Hydraulic Fracturing Primer; California Clears Way for Pollution Clean-Up with AB 440; and Which Way is the...more

Foreign Companies to Play a Role in Mexico’s Energy Future

The Mexican energy reform drafted by President Enrique Peña Nieto was approved by the Congress in Dec 12 and most of the 31 states. As a result, the once PEMEX-controlled sector opened up to private and foreign partners after...more

Opening of Mexico energy market a benefit to NAFTA partners

On December 12, 2013, Mexico’s lower house of Congress finally passed energy reforms, opening the country’s state-monopolized industry after 75 years. The 353-134 vote will allow private companies as well as international...more

Revisiting the Mexican Energy Reform Part 1 of 3

I made an early review of the Mexican Energy Reform. Now it is time to revisit in full. This is part 1 of 3 for a series of posts trying to construe the recently approved Mexican Energy Reform. Despite the political opinions,...more

Historic reform in Mexico clears the way for foreign investment in energy sector: 5 key aspects

The energy reform proposed by Mexico’s Peña Nieto administration has been approved by the Mexican Congress and, in rapid succession, by a majority of the Mexican state legislatures. This sweeping, historic reform amends the...more

Mexican Federal Congress Approves Important Constitutional Energy Reform Bill

As we previously reported, on August 12, 2013, Mexican President Enrique Peña Nieto submitted a highly anticipated constitutional reform proposal to the Mexican Congress for purposes of restructuring the Mexican energy...more

Mexican Senate and House of Representatives Approve Constitutional Energy Sector Reform

A constitutional reform approved by Mexico's Senate and House of Representatives will transform the country's energy sector, pending expected approval by the majority of state congresses. ...more

Mexico To Vote On Historic Amendment To Open Oil Industry To Private Investment

The Mexican Senate has introduced a constitutional amendment that, if approved, would open the country’s oil market to foreign and private investors. Currently, oil production is controlled exclusively by the state-owned...more

The Oil and Gas Law Review: United States: California

In This Review: - I Introduction - II Legal And Regulatory Framework - III Licensing - IV Production Restrictions - V Assignments Of Interests - VI Tax - VII Environmental...more

Legislative Update Report No. 2013-21 -- Nov 12, 2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

OGX Insolvency – What Distressed Investors Need to Know About Brazilian Bankruptcy Process

On October 30, 2013, Brazilian oil company OGX Petróleo e Gas Participações SA (OGX) filed for bankruptcy protection (or “judicial reorganization”) in Rio de Janeiro after restructuring discussions between the company and its...more

Update on Mexican Energy Reforms – Concessions Regime in the Works

Ongoing political negotiations suggest that reforms to Mexico’s oil and gas laws will create a legal regime that will allow for concessions and production sharing contracts. As the Mexican Congress still debates proposed...more

Recent Developments: Mozambique—What Legal Options are Available to Investors in Oil, Gas and Mineral Resources?

Recent developments in Mozambique, including the announcement on October 21, 2013, by opposition party RENAMO (Mozambican National Resistance) that it would no longer abide by the 1992 peace pact that ended years of civil war...more

Opportunities for Japanese Investment in US Unconventional Resource Development

On September 5th, 2013, Latham & Watkins partners Michael P. Darden and Michael King gave a presentation in Tokyo, Japan on unconventional resource development in the US and the opportunities created by changes in the US gas...more

Mexico's Quiet Energy Revolution

As the World focuses on dramatic shifts in government following the dawn of Arab Springs, a dramatic revolutionary change is quietly taking place with our neighbor to the south. Mexico's President Enrique Pena Nieto has...more

Bilateral Investment Treaties Would Likely Have a Key Role in Mitigating Investment Risks If Mexico Undertakes Energy Reforms

As described in detail in another article in this Newsletter entitled "Mexican Congress to Consider Constitutional Oil and Gas Reforms: Bold Stride Forward or Half-Step?," the reform of Mexico's energy industry and its...more

The Challenge of Monetizing Africa’s Mineral-rich Resources

Clement Fondufe is a partner at Latham & Watkins and the global Chair of the firm's Africa Practice. In this interview, he looks at some of the challenges facing foreign-owned companies operating in Africa’s mining, oil and...more

Energy Reform in Mexico May Open Doors to Foreign Investment

A new energy reform proposal suggested by the President of Mexico could open up the market to foreign investment, if approved. President Nieto has presented a new bill which involves the restructuring of Pemex and proposes...more

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