First established in 1908, in Iran as Anglo-Persian Oil Company, BP has an estimated value of one hundred thousand million dollars ("mdd"), employing 85 thousand people, with an annual turnover of 220 thousand million dollars. The Giant has sought for more than fifty years to establish itself in Mexico, penetrating beyond the mere sale of lubricants and petrochemicals. You see: giants have forgotten art of patience.Continue reading
It is with great pleasure, that we share the pictures at the grand opening event of the first G500 gas station in Mexico City. The first gas station of many that G500 Group will open shortly. Being an RDA client, we share this exciting new business stage which is possible due to the Energy Reform and the opening of the downstream segment.Continue reading
On August 9th, 2017, RDA and REED SMITH jointly offered the Seminar: Mexico & USA: Insurance Recovery in the Energy Sector.Continue reading
The National Agency of Industrial Safety and Protection of the Environment of the Hydrocarbons Sector (ASEA), of which the Environment Ministry is its parent entity has the mandate of ensuring the physical integrity of the persons in matters of operative and industrial safety as well as the integrity of the facilities and the protection of the environment regarding hydrocarbons activities, for which its role within the hydrocarbons sector is crucial. The ASEA through its new regulation establishes a management system for industrial safety, operational safety and protection of the environment, and also recently there has been focus on the need of regulatory bodies to coordinate between them. This article also covers the recently published Guidelines by ASEA regarding onshore E&P operations on conventional and unconventional fields.Continue reading
RDA fully committed to train its professional personnel, prepared along with Squire Patton a mandatory training session: "RDA Anticorruption & Compliance Awareness Training" provided by Squire Patton Boggs in Mexico City, Mexico on June 7,2017. It covered the scope of Foreign Corrupt Practices Act Compliance (FCPA Compliance).
The new “General Law of Administrative Responsibilities”, commonly referred to as the "Three out of Three Act” was published on July 18, 2016 repealing the previous “Federal Law of Public Servants Administrative Responsibilities”. The "Three out of Three Act” along with the General Law of the National Anti-corruption System and the Law of the Federal Court of Administrative Justice will enter into full force and effect as of July 19th, 2017 when these laws are published by the same Decree. These laws as a whole are perceived as the cornerstone of the national strategy to prevent, fight and eradicate corruption in the country.Continue reading
Technological evolution and adaptation processes are changing the way gas is being utilised in latin america. In general, there has been a steady increase in the use of gas in the region, but business strategies vary considerably depending on the size of the economies.
For Latin America, hastening the pace of power development and anticipating the trends for the region’s energy future are top priorities. In March, more than 200 industry stakeholders from 15 countries gathered in Washington DC to address trends and opportunities for power development in national and regional markets.Continue reading
Project finance is a very common source of financing in Mexico, especially for projects in which the offtake agreements are entered into with governmental companies (or entities) such as the Federal Electricity Commission (CFE) or Petróleos Mexicanos (Pemex).Continue reading
La nueva apertura nos obliga a seguir estudiando. Nos exige conocer y, sobre todo, a entender la nueva regulación publicada y aquella por expedirse, a ser muy competitivos en los costos, a tener los mejores consultores y saber mantener una gran cartera de clientes.Continue reading
The three phases of Round One issued so far, however, have been carried
out under absolute transparency by CNH.
During the first semester of 2015, the average production of natural gas was 6,432 MMSCFD. According to the Oil and Gas Journal, Mexico had approximately 17 Tcf of proved natural gas reserves by the end of 2014. Mexico has approximately 545 Tcf of technically recoverable shale gas resources.Continue reading
It is difficult to compare the current state of the Mexican oil and gas industry, which has very recently opened up to private investment, and is still in the process of implementing all of the secondary and tertiary regulations of the Energy Reform, with other industries that have allowed private participation for decades.Continue reading
In December 2013, Mexican President Enrique Peńa Nieto signed a package of laws that will serve as a rule book for comprehensive energy reform designed to lure billions of dollars in investment to the country's ailing oil, gas and electricity sectors.