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Oil & Gas Bids

Mayer Brown

New Resolution on Bidding Procedures Under Concession and Production Sharing Regimes

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In order to regulate the bidding procedure for granting exploration and production rights, ANP Resolution No. 969/2024 unified ANP Resolutions No. 24/2013 and No. 18/2015, which addressed, respectively, the bidding procedures...more

White & Case LLP

Guyana Bidding Rounds

White & Case LLP on

On December 9, 2022, Guyana released the preliminary terms for an oil and gas tender covering a total of 14 offshore blocks, including 11 deep water blocks and three shallow water blocks.1 Guyana estimates that the blocks...more

Dechert LLP

Global Private Equity Newsletter - Winter/Spring 2018 Edition: Recent Developments in Acquisition Finance - Did you just commit to...

Dechert LLP on

The question of when parties to a potential transaction actually become bound to each other is obviously an important one, and sometimes the answer can be surprising, or less than entirely clear. A recent Texas Court of...more

Akin Gump Strauss Hauer & Feld LLP

Mexico’s Energy Industry: Round 3.1: Mexico Adds Another Success in Latest Shallow Water Tender

On March 27, 2018, the Comisión Nacional de Hidrocarburos (“CNH”) completed the Presentation and Opening of Bid Proposals for the First Tender of Round Three (“Round 3.1”), which was first announced on September 29, 2017....more

Gray Reed

When Joint Bidding Is Not Bid Rigging

Gray Reed on

Last week we discussed the pitfalls of joint bidding for oil and gas properties. We didn’t say you can’t do it. It’s like domestic life: There are ways you can tell your beloved that dress makes her look  …, well, never mind....more

Morgan Lewis

Results Announced for Mexico’s Round One First Tender

Morgan Lewis on

The historic tender for shallow water blocks in the Gulf of Mexico will allow for private and foreign investment in Mexican oil and gas for the first time in almost 80 years. On July 15, Mexico’s National Hydrocarbons...more

Locke Lord LLP

Q&A Series: Timing of Bid Rounds in Mexico

Locke Lord LLP on

What’s the next step in the Mexico bid rounds process? JKA: Five sectors have been designated for bidding in Round One; Shallow Water; Heavy Oil; Unconventionals, including natural gas; Onshore and Deepwater. To begin,...more

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