IPD EnergyNet
Our thought provoking and timely analysis of the energy industry offers IPD clients a unique local perspective that enables them to better understand energy dynamics and create opportunity.
Venezuela
Draft Organic Hydrocarbons Law Presented to Assembly
The Energy and Mines Commission has formally received a draft of the Organic Hydrocarbons Law. The draft has already been subjected to a fair amount of private debate, and it has benefitted. The version submitted is a good start. It reflects a sincere desire to grow the oil industry and leverage it for economic recovery. Lawmakers will now work toward approval, which will be no easy feat.… [READ MORE]
Mexico
The Veneer is Starting to Crack
The recent departure of two senior officials, including the Secretary of the Environment and Natural Resources (SEMARNAT), represent the first publicly visible fractures less than six months into AMLO’s presidency. With a sputtering economy, a president that frequently contradicts and undermines cabinet members, a marked checks-and-balances reduction, and falling popularity, political fissures are emerging within the powerfully entrenched MORENA that can no longer be kept internal. Get ready for a revolving door of cabinet changes.… [READ MORE]
Venezuela
Venezuelan Exports "Evolve" Under U.S. Sanctions
Markets have expected U.S. sanctions to hit Venezuela hard, and many have waited with bated breath to see how the beleaguered country will manage its new limitations. PDVSA authorities seem to have deployed some unorthodox, less-than-transparent solutions to the challenges sanctions created for oil exports. The waters are muddy, and inconsistent data tracking methods have not brought any clarity. … [READ MORE]
Mexico
What Will Less Oil Production Mean This Time Around?
While AMLO pursues energy sovereignty, a lack of focus on electricity and natural gas supply security is painfully emerging via blackouts and curtailments. Energy sovereignty will only be possible with money to keep the wheels turning. With the continued downward oil production trajectory in sharp contrast to the increases he envisages, what will be the impact on government coffers? Oil prices are unlikely to come to the rescue as they have over the past 15 years.… [READ MORE]
