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.
Mexico
Hokchi – Itta: Mexico’s Second Potential E&P Unitization
SENER is heading towards its second E&P unitization following PEMEX’s discovery at Itta-1EXP, which lies a mere 107 meters from Pan American’s Block 2 (Hokchi), awarded under Round 1.2. The media has spread confusion in what should be a fairly straight forward process from a technical perspective. Nonetheless, SENER’s power over the process has raised a level of market uncertainty over how this will all be sorted out.… [READ MORE]
Venezuela
IPD Brief: August Export Update
Venezuela crude exports increased again in August. The average could have been higher if loading problems had not forced some delays. PDVSA found new players willing to assume sanctions risk, but Reliance continues to be the real driver behind PDVSA’s last export gasp. … [READ MORE]
Mexico
Mexico's 2020 Oil & Gas Reserves
The CNH released Mexico’s January 1st, 2020, reserves on August 4th. Despite all the talk of fortifying PEMEX and the accelerated development fields being the lynchpin in the company’s government-orchestrated turnaround and stabilization, the silence was deafening on the reserves front. Ironically, private sector reserves added were the only true bright spot.… [READ MORE]
Mexico
Desire for Energy Self-Sufficiency vs. Stark Realities
The AMLO administration has kept Mexico’s energy sector under systematic fire. While the electricity sector has been the hardest hit in terms of an attempted energy reform rollback, most other areas of the value chain have only become more vulnerable and import or third-party dependent. AMLO’s latest memo declaring his energy self-sufficiency vision includes little new information but is perhaps most relevant in highlighting how far apart political aspirations and operational/ technical realities are, particularly in fuels.… [READ MORE]
