International Trade


07

Sep 2016

Mexico’s National Hydrocarbons Commission Announces Bid Process for Round 2.2 Which Will Include 12 Oil and Gas Fields

Mexico’s oil regulator, National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos “CNH”), has announced the second open bid process of Round 2. Round 2.2 includes 12 onshore oil and gas fields with prospective resources of approximately 643.2 million barrels of crude equivalent. Nine of the 12 blocks are located in the Burgos Basin in northern Tamaulipas and northern Nuevo León, and some of those fields are...

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25

Jan 2016

Changes to Operation of Maquiladoras in Mexico

Several changes to the operation of Maquiladoras in Mexico. On December 23, 2015, the Miscellaneous Fiscal Amendment (“Miscellaneous Law”) was published in the Official Gazette of the Federal Government in Mexico (“DOF”). Among the highlighted changes is that of extending the term of tax benefits for companies operating in Mexico under a shelter program, as long as they comply with the requirements detailed on the...

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07

Jan 2016

Oil Export Ban Lifted; Implications for Eagle Ford

January 7, 2016 On December 18, 2015, President Obama signed the Consolidated Appropriations Act of 2016 (H.R.2029.ENR) which lifts a long-standing ban on the export of crude oil from the United States, effective immediately. The repealed ban will affect energy markets in the United States, Mexico, and other international regions. For example, a study by Rice University, published in March 2015, indicates the repeal of...

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