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
Ramifications of PEMEX’s Vendor Bond Fiasco
On May 31st, PEMEX issued seven-year bonds with a healthy coupon of 8.75% to participating service suppliers to counter rising amounts officially owed to them. Citi, the remarketing bond agent, was only able to initially place around 75% of the nearly US$ 2 bn bonds to qualified investors, but only after offering them at a discount that yields 9.25%. The botched PEMEX initiative angered vendors and upset Hacienda. But PEMEX stands to lose the most, likely paying higher rates on future issuances after rattling market confidence.… [READ MORE]
Mexico
2022 Reserves
CNH released Mexico’s 2022 reserves report on May 3rd. Despite the Mexican basket oil price increasing by over 81% from a 2020 US$ 35.69/ barrel average to US$ 64.66/ barrel in 2021, Mexico’s reserves fell into two categories: 2P and 3P. While 1P reserves increased, Mexico’s oil & gas outlook is concerning given PEMEX’s challenges. The private sector was the only bright spot, with increases in all three categories.… [READ MORE]
Venezuela
Why Venezuela EHCO Production Cannot Find its Way Up
Venezuela struggles to increase EHCO production despite sitting on some of the largest reserves in the world. It is the underpinnings of the production process that stymie the country. Officials’ focus on diluent imports reveals one piece of the puzzle they need to complete. … [READ MORE]
Venezuela
Unorthodox Fuel Production and a Price Increase
Gasoline and diesel production increased between April and May as the Maduro administration rolled out new pricing for diesel. As PDVSA seeks to end the fuel shortages Venezuelans have suffered for years, it has found unconventional ways to increase production. A lack of structural changes will continue to create volatility.… [READ MORE]
IPD News & Press
Impact of Colombia’s 2022 Elections on the Country’s Vital Extractive Sectors and Energy Transition Plans
Saturday, April 23, 2022
Colombia’s extractive sectors remain a cornerstone of the country’s economy and a vital source of government revenue. Simultaneously, energy transition commitments, including those stemming from COP 26, will demand complex policy d. . . [READ MORE]
Venezuela sanctions and climate action — a fresh approach
Friday, December 3, 2021
Almost one year since the inauguration of President Joe Biden, United States sanctions policy toward Venezuela has yet to be formally reviewed. Worse, enforcement has been almost non-existent. Venezuelan oil exports have greatly increa. . . [READ MORE]
Simplifying a Complex Regulatory and Risk Landscape
Tuesday, July 27, 2021
IPD's Managing Director, John Padilla's recent interview with Mexico Business News covers has assessment of the country's oil and gas industry in light of ongoing political challenges.
By Pedro Alcalá | Thu, 07/22/2021 - 12:44
<. . . [READ MORE]
Covid-19 and Latin America’s Energy Sector
Sunday, April 12, 2020
Today, Tomorrow and Beyond the Crisis
Here is our contribution to the Institute of the Americas' special report on Covid-19 and its impact on the Latin American energy sector.
Where do things stand today in (your cou. . . [READ MORE]
