Forbes.com magazine publishes this article by Nathaniel Parish Flannery, a political analyst, and writer whose writings spotlight Latin America, and who provides his point of view of the current status of the United States-Mexico-Canada Agreement (“USMCA”). The USMCA was signed by U.S. President Donald Trump, former Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau on November 30, 2018. Each country’s legislature still must ratify...
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Reuters publishes that two private partners of Mexico’s state-run oil company Pemex will invest a combined amount of $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to plans approved by the National Hydrocarbons Commission. These investments may generate business opportunities to the oil services companies. You can find the article here. Javier López...
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Reuters publica que dos socios privados de la empresa productiva del estado mexicano, PEMEX, invertirán durante los próximos cuatro años hasta $250 millones de dólares en dos proyectos con el fin de aumentar la producción de crudo nacional, conforme a los planes aprobados por la Comisión Nacional de Hidrocarburos. Estas inversiones seguramente generarán oportunidades de negocio para las empresas de servicios petroleros. Puedes encontrar el...
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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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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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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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