On August 9th, 2017, RDA and REED SMITH jointly offered the Seminar: Mexico & USA: Insurance Recovery in the Energy Sector.Continue reading
In accordance with the 2013 Energy Reform, regulatory bodies were restructured or given new attributions with the purpose of implementing the Reform within all energy related activities. It also aimed to coordinate those bodies to enable consistency in terms of energy regulation.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.