Posts by Nelson Balido
Two Mexican oilfield blocks auctioned off in first round
Mexico recently concluded Round One of a series of ongoing auctions to sell off prime Mexican oilfield blocks and gas fields to private companies, both foreign and domestic. Results fell short of expectations on the initial try. The Auctions Eight decades ago, Mexico nationalized the energy industry and expropriated foreign holdings. Recent energy reforms in […]
PEMEX will not bid in Round One of Mexican oil block site auctions
PEMEX opts out of Round One of Mexican oil block site auctions in order to focus on other priorities. Mexico’s national oil company, PEMEX (Petróleos Mexicanos) has joined the list of international energy companies that have opted to exit from Round One of Mexican oil block site auctions, this opens opportunities at 14 sites to […]
CFE energy projects will serve to lower Mexican electricity rates
Increasingly competitive Mexican electricity rates will be a boon to both residential consumers and industry. One of the major reforms that has begun its implementation in Mexico is that of the energy sector, which had been closed to foreign investors for seven decades. Although the much needed measures that have been approved by the country’s […]
Mexican energy privatization becomes a reality
The drag of historically high energy costs on Mexico’s economy is in the process of being addressed. Mexican energy privatization arrived via the energy sector reforms of 2013, but only recently has begun to be implemented. Prospects for success are positive, as companies around the world bid for oil and gas field exploration rights on […]
Border and international trade security warrant the use of latest available technologies and measures
Recently the theft of a commercial vehicle south of our border in Mexico that contained radioactive material occurred. Although this truck did not make it to, or cross, our southern frontier, incidents such as this should motivate our national trade and security agencies to focus their collective attention on protecting the homeland from these types […]