News & Analysis as of

PEMEX

White & Case LLP

Energy Investors Face Mexico Risks in the Electricity and Lithium Sectors

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Investors in the Mexican energy sector are facing evolving challenges, as the Mexican government is making good on threats to increase state interference in the sector through the implementation of changes in electricity...more

Holland & Knight LLP

Energy Reform in Mexico

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Mexican President Andrés Manuel López Obrador (AMLO), on Sept. 30, 2021, sent to Congress a constitutional reform proposal relating to Mexico's energy sector (the Proposal). For now, the Proposal consists of a few...more

Foley & Lardner LLP

Amendment to Mexico's Foreign Trade General Rule that Allows Customs Clearance Through Channels Other Than Those Authorized May...

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On June 12, the seventh resolution of amendments to Mexico’s General Foreign Trade Rules for 2020 entered into force. In that resolution, several rules were modified, among them Rule 2.4.1., which regulates the "Authorization...more

Mayer Brown

Mexico - District Judge Suspends Amendment of Hydrocarbons Law That Repealed PEMEX’s Asymmetric Regulation

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On May 31, 2021, Judge Juan Pablo Gómez Fierro of the Second District Court for Administrative Matters, specialized in Economic Competition, Broadcasting and Telecommunications ("District Judge"), suspended the amendment to...more

Holland & Knight LLP

Mexico Discusses to Revoke Asymmetric Regulation to Pemex

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On April 20, 2021, the Mexican Energy Commission of the Chamber of Representatives (Comisión de Energía de la Cámara de Diputados) held an extraordinary session to present and approve on the same day a bill to reform the...more

Holland & Knight LLP

Mexico's Lower House Approves Bill to Reform Oil and Gas Sector

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After approval from the Mexican Energy Commission of the Chamber of Representatives (Cámara de Diputados), the country's lower house of congress approved on April 14, 2021, the bill to reform the Hydrocarbons Law (Ley de...more

Holland & Knight LLP

Mexico to Discuss Oil and Gas Reform Bill

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On March 26, 2021, Mexico's president submitted to the Chamber of Representatives (Cámara de Diputados) a bill to reform the Hydrocarbons Law (Ley de Hidrocarburos or LH) (the LH Reform) that favors the state-owned company,...more

King & Spalding

AMLO Proposes New Legislation to Regulate the Oil & Gas Industry

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On March 26, 2021, the President of Mexico, Andrés Manuel López Obrador (“AMLO”), sent a new bill to Congress intended to amend the Federal Hydrocarbons Law (the “Hydrocarbons Bill”). This is AMLO’s latest attempt to upend...more

King & Spalding

Recent Import and Export Regulations in Mexico Double Down on Favoritism of Pemex

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In the final days of December, Mexico issued new regulations that limit the ability of private companies to import and export fuel and hydrocarbons. Then, in the first week of this year, Mexico’s President, Mr. Lopez...more

White & Case LLP

Energy Sector Program 2020-2024

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On July 8, 2020, the Ministry of Energy ("SENER") issued through the Federal Official Gazette, the Energy Sector Program (Programa Sectorial de Energía) 2020-2024 (the "PROSENER"). PROSENER is a planning instrument  derived...more

Robins Kaplan LLP

Financial Daily Dose 11.14.2019 | Top Story: Fed Chair Talks Economy and Rates During Congressional Testimony

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Fed Chair Powell was far from the main attraction on the Hill yesterday, but hey, let’s keep it on topic here and note his belief that the U.S. economy is performing well even as certain risks—including “sluggish growth...more

Bracewell LLP

Integrated Exploration and Extraction Service Contracts: the new model to be used by Pemex to reactivate fields and increase...

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The 2019-2023 Business Plan for Pemex and its Subsidiaries (the “Business Plan”) provides that Pemex aims to promote partnerships between the public and the private sectors under a risk-sharing scenario that expects to...more

Holland & Knight LLP

Mexico Oil and Gas Update: The Potential Unitization of Block 7

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Reports issued in the past week state that Pemex, Mexico's national oil company, seeks operational control of Talos Energy's Block 7 oil and gas exploration area, located in shallow waters off the coast of the State of...more

King & Spalding

PEMEX 2019–2023 Business Plan—Opportunities in Storage and Transport of Fuels and Aviation Fuel

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Pemex, the Mexican national oil company, recently published its 2019-2023 business plan which outlines the economic strategy that Pemex and its subsidiaries will adopt and implement during that period. Pemex’s business plan...more

White & Case LLP

Pemex: Investment opportunity in mature fields

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On April 24, 2019, Pemex's Chief Executive Officer, Octavio Romero Oropeza, as a measure to comply with the presidential instruction of producing more than two million 400 thousand daily barrels by the end of the six-year...more

King & Spalding

Mexico’s President Issues Plans Affecting Mexico’s Gasoline Market

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During the recent presidential campaign, President Andres Manuel Lopez Obrador (commonly referred to as AMLO) stated his intention to fund additional gasoline refining capacity for PEMEX, the monopoly state-owned national oil...more

King & Spalding

Shifting Dynamics in Latin America

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On March 5, 2019, King & Spalding hosted an Energy Forum, titled “Shifting Dynamics in Latin America”, to discuss the political and regulatory changes in Latin America and their impact on investments in energy. Latin...more

WilmerHale

Foreign Corrupt Practices Act Enforcement in the Energy Sector

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This is the sixth issue of WilmerHale’s 10-in-10 Hot Topics in Energy Series. Over the course of 10 weeks, our attorneys will share insights on current and emerging issues affecting the US energy sector....more

White & Case LLP

Proposal to Create a Logistics Center for the Distribution and Transportation of Oil Products

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In recent years, the hydrocarbons theft practice in Mexico has had significant growth. This crime is committed, primarily, by the tapping of the oil-transporting pipelines in order to extract gasoline and diesel products for...more

White & Case LLP

Initiative to reform the Petroleos Mexicanos Law

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As a result of the 2013 constitutional reform, Petróleos Mexicanos ("PEMEX") was transformed into a productive state-owned enterprise directed by a General Director and a Board of Directors. Currently, each of them has...more

Holland & Knight LLP

Nuevas Disposiciones Generales de Contratación para Pemex y sus Empresas Subsidiarias

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El pasado 18 de mayo de 2018 se publicaron en el Diario Oficial de la Federación las Disposiciones Generales de Contratación para Petróleos Mexicanos y sus Empresas Productivas Subsidiarias. Se establece un capítulo de...more

Holland & Knight LLP

New Rules Established for Compliance with Pemex Contracts

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The new "General Rules for Contracts with Petróleos Mexicanos and its Subsidiary Companies" was enacted and published in the Mexican Official Gazette on May 18, 2018. The new rules include a chapter on integrity in...more

Holland & Knight LLP

Pemex Anuncia la Primera Subasta de la Temporada Abierta 2018 para Terminales y Ductos

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Pemex Logística, la subsidiaria de Petróleos Mexicanos que administra la red de terminales y ductos de la empresa del Estado, planea realizar 11 subastas para reservar capacidad de transporte y almacenamiento en 60 terminales...more

Holland & Knight LLP

First 2018 Open Season Auction Announced for Pemex Terminals and Pipelines

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Pemex Logística, the Petróleos Mexicanos subsidiary that manages the network of terminals and pipelines of the state company, plans to hold 11 auctions to reserve transportation and storage capacity in 60 terminals and 27...more

Akin Gump Strauss Hauer & Feld LLP

Mexico's Energy Industry Round 2 Farmouts: PEMEX finds new partners

• Mexico’s second farmout bid round to find partners for PEMEX oil and gas development yielded mixed results, with 2 onshore licenses awarded and 1 shallow water PSC vacated with no bids • Egyptian company Cheiron...more

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