Publications

Alerts

Minimum Storage of Refined Products Public Policy Weekly reports

April, 2018

From April 1st, 2018, all storage, distribution, trading and/or retail of refined products permit holders (except those related to Liquefied Petroleum Gas) shall submit to the Energy Regulatory Commission weekly reports related to production, imports, exports, inventories and sales of refined products in Mexico.

Continue reading

Alerts / Natural Gas

Natural Gas Storage Public Policy

April, 2018

The Ministry of Energy published the Natural Gas Storage Public Policy, where among others it establishes that CENAGAS must have a five-day strategic inventory of natural gas storage (equivalent to 45 BCF) by 2026.

Continue reading

Alerts

Round 3.1 National Hydrocarbons Commission (CNH) awarded 16 blocks

March, 2018

National Hydrocarbons Commission (CNH) awarded 16 blocks out of 35 blocks tendered in bid round 3.1. The biggest winner in this Round was Petróleos Mexicanos that won 4 areas as Operator and 3 more areas in Consortium (strategic alliances) with Total and Shell.

Continue reading

Articles

Oil & Gas Regulation 2018 The International Comparative Legal Guide to: Oil & Gas Regulation 2018

March, 2018
The International Comparative Legal Guide to: Oil & Gas Regulation 2018

A practical cross-border insight into oil and gas regulation work. Published by Global Legal Group, in association with Ashurst LLP.

Continue reading

Alerts

PLOG-TA 1.2.2/2018 Call for the Open Season

March, 2018

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 System

Continue reading

Events

Successful Management of E&E Agreements Seminar

March, 2018

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

News

"Voces de Energía" (Energy Sector Voices)

March, 2018

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.

Continue reading

News

Lewis Energy Mexico signs contract to develop the first non conventional resources field

February, 2018

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

News

NAFIN closes financing transaction for Dzilam Wind Farm

February, 2018
23 January 2018

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

Articles

Increasing Energy Infrastructure in Mexico

February, 2018

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

Alerts

Mexico Awarded 19 out of 29 deep-water blocks on offer in competitive acreage offering.

February, 2018

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

Articles

Evolución en los Criterios de Adjudicación de las Subastas en E &E

January, 2018
Mondaq en su versión en inglés

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

News

New Partner Announcement

January, 2018

RODRÍGUEZ DÁVALOS ABOGADOS IS PLEASED TO ANNOUNCE THE ELECTION OF NEW PARTNER EFFECTIVE JANUARY 1ST, 2018

Continue reading

Articles

Awarding Criteria Evolution in E&P Bids

December, 2017
Mondaq

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.

Continue reading

Articles

Financial restructuring south of the border Navigating complexities of two legal systems requires some expertise

December, 2017
OIL & GAS FINANCIAL JOURNAL

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

News

Natural Gas Mexican Association (AMGN) Members’ Annual Meeting 2017

November, 2017

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

Articles

BP - The Comeback of a Giant?

October, 2017
Petróleo y Energía

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

News

First G500 gas station in Mexico City

August, 2017

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

Events

Mexico & USA: Insurance Recovery in the Energy Sector

August, 2017

On August 9th, 2017, RDA and REED SMITH jointly offered the Seminar: Mexico & USA: Insurance Recovery in the Energy Sector.  

Continue reading

Articles

The Role Of The ASEA Within The Development Of The E&P Unconventional Sector

August, 2017
Mondaq

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

Events

RDA Anticorruption and Compliance Awareness Training

August, 2017

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).

Continue reading

Articles

Legal framework to implement the new Anti-corruption Strategy in Mexico

July, 2017
Mondaq

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

Articles

The Role of Gas for Power: The Strategic Vision

July, 2017
LATAM | EnergyNet

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. 

Continue reading

Articles

Latin America's Growing Energy Demand Delegates from 15 countries engage in policy and strategies for the future

July, 2017
International Right of Way Magazine

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

Articles

The International Comparative Legal Guide to: Project Finance 2016

July, 2017

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

Interviews

Nuevas oportunidades en la reforma energética

July, 2017

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

Articles

Mexico Oil & Gas Review 2016. More lessons learned from Round One

June, 2017

The three phases of Round One issued so far, however, have been carried
out under absolute transparency by CNH.

Continue reading

Articles

The International Comparative Legal Guide to Oil & Gas Regulation 2016

July, 2016

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

Alerts / Articles

The steps toward a better contracting

July, 2016

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

Articles

Mexico: The Power Of Change

June, 2016

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. 

Continue reading