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
Who's the Boss? Planned Cancellation of Mexico City's New Airport
With AMLO’s announcement on October 29th that he will cancel Mexico City’s new airport in Texcoco when he takes office on December 1st, Mexico’s president-elect has effectively begun to govern the nation before he officially assumes the post. The decision to make good on his campaign promise and act on the results of a completely illegitimate “public consultation process” (which was actually a MORENA-sponsored survey) has also rapidly placed his new administration in the crosshairs of all but his most loyal base of supporters. Although the incoming administration has thus far shrugged off the stock market impact, how it responds to markets in the coming weeks and months will likely determine its trajectory. The new airport decision is emblematic of what we may see out of the AMLO administration: targeting an issue with a litany of problems, but choosing to impulsively implement an outcome that is likely to cause even more damage than what it was supposed to solve.… [READ MORE]
Venezuela
Venezuela Quarterly Presentation - Q3 2018
IPD's Q2 2018 Venezuela O&G sector presentation is now available. This update includes details on how power failures impact crude production and recent perspective on industry human resources. All the latest oil upstream and downstream data is available, along with our Venezuela balance of payments forecast. Please contact us to schedule your personalized presentation.… [READ MORE]
Mexico
KMZ and Mexico's Addiction to Mega Oil Fields
Mexico’s addiction to mega oil fields has now spanned four decades. The sheer wealth created for the Mexican state for more than a generation has been extraordinary. But at the same time, Cantarell’s decline starting in January 2004 has had a devastating impact, with 14 years of perpetuating declines without respite. Now there are signs that Ku-Maloob-Zaap (KMZ) may be ready to add salt to the wound and start its own overall decline. If true, the implications for Mexico’s oil projections and AMLO’s expectations to meaningfully increase production during his term could be profound.… [READ MORE]
Mexico
AMLO Transparency Report
Millions of Mexican voters have entrusted Andrés Manuel Lopez Obrador and his MORENA party with a powerful mandate to address the country’s systemic corruption and graft. They have certainly set plans in motion to address some of these issues, using government austerity and certain measures to fight against corruption in an effort to cement its identity and political platform. But their approach thus far has been hasty and fairly narrow. Moreover, in several cases, it opens up the likelihood of more, not less corruption. This is particularly true in the energy sector, as nationalism and market realities continue to collide.… [READ MORE]
IPD News & Press
Few Clear Signals for Mexico’s Fledgling Natural Gas Market as AMLO Prepares to Take Office
Tuesday, July 24, 2018
NGI
24/07/2018
Following the decisive and historic victory of Andres Manuel Lopez Obrador in the July 1 presidential election, Mexico’s natural gas sector is in wait-and-see mode as the dust settles from the ca. . . [READ MORE]
Colombia’s Elections: Major Political Shifts and Hydrocarbons Sector Impact
Friday, May 11, 2018
Bogota, Colombia - Colombia has long been governed by a highly interwoven, conservative, symbiotic political and business class. But current polls show that, regardless of who wins the upcoming presidential elections, . . . [READ MORE]
Mexico’s New Hydrocarbons Model: A Critical Assessment Four Years Later (English and Spanish)
Wednesday, May 2, 2018
MEXICO CITY - Mexico’s energy sector finds itself once again at a fork in the road. The government has spent the past decade trying to create a stronger regulatory framework with better checks and balances and a more. . . [READ MORE]
Debate over Venezuela oil sanctions intensifies as refugee crisis grows
Friday, April 27, 2018
Strategic considerations: The debate over whether the US should sanction Venezuelan oil and refined products is shifting as the country’s humanitarian disaster deepens.
REDD
23 April 2018 07:36 PM
The US doesn’t want to be. . . [READ MORE]
