Pemex Logística published in the Federal Official Gazette the PLOG-TA 1.2.2/2018 Call for the Open Season for the reserve of capacity regarding storage of the Pacific North Madero Zone SystemContinue reading
RDA, NRGI Broker and "Voces de Energía" have the honor to invite you to attend the upcoming Seminar “Successful Management of E&E Agreements”. Save the date for this event that will take place on March 21, 2018, in Mexico City, Hotel Presidente Intercontinental, Polanco, Salón Castillo.
The first action derived from Voces de Energía is this interesting event focused in the intricacies and challenges that E& E Contracts present.Continue reading
Voces de Energía" (Energy Sector Voices) is a collaborative effort among the different participants in the energy sector. It aims to strengthen the feedback between companies, academics, regulatory authorities and in general any important player related to the sector and the Energy Reform. This space for discussion or think tank will allow the different actors of the sector to have a close and constructive channel for proposals, ideas and feedback on what still remains to be done or what may be improved.
On February 28, Jesús Rodríguez Dávalos, RDA partner, and Graciela Alvarez Hoth, General Director of NRGI Broker launched "Voces de Energía", with the attendance of over 20 domestic and international oil companies. Aldo Flores-Quiroga, Deputy Secretary of Energy for Hydrocarbons from SENER acting as honor guest in this first working round table. It was a session in which the different players of the sector exchanged ideas and shared experiences.
The first action derived from this think tank will be the Seminar: "Successful Management of E&E Agreements" that will take place on March 21, with an estimated attendance of a hundred participants.
RDA represented Lewis Energy Mexico, S. de R.L. de C.V. in the negotiations and execution of contract (February, 2018) with Pemex Exploración y Producción of the first full services contract for the development of non-conventional resources fields in Mexico. This agreement represents an investment of US$800 million and an estimated production of 500 Bcf of natural gas for the next 15 years.Continue reading
RDA’S financial team represented the development bank, Nacional Financiera, S.N.C. Institución de Banca de Desarrollo acting as Agent in the negotiation of the loan and security agreements for an amount of US$80 million for the financing of a Wind Farm to be developed in Dzilam de Bravo located in the Yucatan Peninsula. Said Wind Farm is the first project to be developed by Chinese company Envision Energy in Mexico. The project will have an installed capacity of 70 MW. The transaction was completed on January, 2018.Continue reading
In recent years, the need for storage capacity in Mexican ports has increased significantly considering the ever-changing conditions of the energy industry.Continue reading
Mexico awarded 10.7 million prospective acres (43,289 km2) in deep-water, 42% (9 blocks) will be operated by Royal Dutch Shell. Nevertheless, participation in Round 2.4 was significantly more competitive than Round 1.4.Continue reading
Después de concluir seis rondas de licitaciones, la CNH y la SHCP demuestran haber recorrido rápidamente una curva de aprendizaje. Hoy tienen una mejor apreciación del mercado y de cómo la industria valora los derechos de exploración y extracción de los recursos del subsuelo.Continue reading
RODRÍGUEZ DÁVALOS ABOGADOS IS PLEASED TO ANNOUNCE THE ELECTION OF NEW PARTNER EFFECTIVE JANUARY 1ST, 2018Continue reading
After six completed bid rounds, the CNH and the SHCP have moved up rapidly in the learning curve. They have a better market understanding of how the oil industry values underground hydrocarbon resources.
Markets and financial distress do not respect national borders. With no border wall to protect Mexico’s nascent oil and gas industry, it is susceptible to the same economic headwinds that have plagued global markets for the last several years. In the face of these forces, many US companies have used Chapter 11 of the Bankruptcy Code, either as a tool or a threat, to restructure their balance sheets. But what tools are available if the assets or business are located in Mexico?Continue reading
RDA had the great honor to participate in the Natural Gas Mexican Association (AMGN) Members’ Annual Meeting 2017. It took place on November 8th and 9th in Cancún, Mexico.Continue reading
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.