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Mexican President signs 9 laws governing energy reform

August 13, 2014 On August 11, 2014 Mexican president Enrique Peña Nieto signed nine (9) laws governing the earlier adopted constitutional energy reform. Please click on the laws for .pdf versions (in Spanish) of the nine new laws governing Mexico’s Energy sector. Ley de Hidrocarburos (Hydrocarbons) Ley de la Industria Eléctrica (Electric Power Industry) Ley…

Mexico’s Round Zero and Round One oil projects

by David Alire Garcia, Reuters, August 13, 2014 Aug 13 (Reuters) – Mexico’s energy ministry announced on Wednesday that the country expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic oil sector opening next year that will begin with a first round of contracts. The Round…

Mexico hopes to lure $50.5 billion in historic oil tender

By David Alire Garcia and Tomás Sarmiento. Reuters, August 13, 2014 Aug 13 (Reuters) – Mexico expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic opening of its oil sector that begins next year with a first round of contracts, the country’s top oil officials said…

Texas-Mexico universities seek partnerships

by Vicki Vaughan, The San Antonio Express-News, August 11, 2014 SAN ANTONIO — As Mexico ends its 75-year-old state monopoly and opens oil and gas production to foreign investment, the nation’s need for expertise — especially for petroleum engineers — will be great. That’s prompted at least two Texas universities to establish relationships with universities…

Mexico energy overhaul nears legislative approval

Lawmakers approve most of the legislation to end state monopoly on oil production By Robert Grattan, Houston Chronicle, August 6, 2014 Sweeping legislation nearing passage in Mexico’s Congress is intended to revitalize the nation’s anemic energy industry by opening it to private investment, ending a 75-year state monopoly. In votes Tuesday and Wednesday, legislators approved…

Mexican Congress Approves New Rules for Oil Industry

by Elizabeth Malkin, The New York Times, August 5, 2014 MEXICO CITY — Mexico’s Congress approved on Tuesday a sweeping overhaul of the energy industry that cleared the way for international giants to tap Mexico’s rich reserves of oil and gas. The new legislation is the centerpiece of President Enrique Peña Nieto’s plan to jump-start…

Japan, Mexico sign carbon trade deal

Japan, Mexico sign carbon trade deal

by Susanna Twidale, Reuters, July 28, 2014 (Reuters) – Japan and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico – in Japan’s 12th bilateral carbon agreement. The programme, known as the Joint Crediting Mechanism (JCM), lets companies in Japan, the…

Mexico’s CFE to tender $2.8 bln in power plant, pipeline projects

by David Alire Garcia, Reuters, July 21, 2014 (Reuters) – Mexico’s national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth. The projects include two combined-cycle power plants, two natural gas pipelines as well…

Pemex eyes menu of funding options ahead of historic reforms

by Paul Kilby, Reuters, July 21, 2014 NEW YORK, July 21 (IFR) – Green bonds, debut local loan syndications and Samurais are some of the financing options on the table for Mexican state-run oil company Pemex as it seeks to become a more profitable entity in the wake of the country’s historic reforms. Several bills…

Opening of Mexican Energy Sector Takes Step Forward

Senate Votes to Give Local Companies Greater Piece of Oil, Gas Projects by Juan Montes, The Wall Street Journal, July 18, 2014 MEXICO CITY—Mexico’s Senate voted Friday to give Mexican companies a greater role in energy projects under the landmark opening of the country’s oil and gas sectors, tightening the national content rules that President…

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