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
2021 Reserves – No Sign of Recovery
CNH released Mexico’s 2021 reserves report on April 20th. Despite claims of PEMEX’s strategic success, 1P, 2P, and 3P BOE reserves registered reductions. The discrepancy between PEMEX and third-party reserves auditors’ estimates in several important fields has substantially increased. And the 1P natural gas reserves/production ratio has fallen to just above an extremely concerning five years. Clearly, the current government strategy for oil & gas is not working.… [READ MORE]
Venezuela
Oil & Gas Investors Wanted
The Maduro administration is determined to move forward in its own world, as it seeks to attract investment in an environment with very real sanctions in place. That may be ok for some players, but it will not be enough for Venezuela as a whole. The question of legitimacy will still give serious investors pause.… [READ MORE]
Mexico
Mid-term Elections - Stormy with a Chance of Tornadoes
All eyes are on Mexico’s mid-term elections taking place on June 6th. Electoral surprises are all but certain given the litany of new and wide-ranging factors at play. But even if MORENA fails to retain super-majority control of the Chamber of Deputies and secure more political spaces at a local level, will it be enough to curb AMLO’s increasingly radical fourth transformation plans?… [READ MORE]
Mexico
Rising Gas Prices Take a Bite Out of Government Income
Higher gasoline prices have put AMLO in an uncomfortable position as mid-term elections approach, having vowed they would not exceed inflation. Falling oil prices over the last year worked in his favor, which he took advantage of by increasing taxes despite promising not to do so. But gasoline prices have reversed course in recent months, and AMLO has had to reduce them. Nonetheless, prices are still up, and inflation is an increasing concern.… [READ MORE]
