Oil rounds consolidate Mexico as one of the most attractive investment destinations

The Ministry of Energy (SENER) along with the National Hydrocarbons Commission (CNH) are analyzing a substantial increase in the number of areas and blocks that will be offered in future oil biddings, which will increase national oil and gas production, as well  as reserves in the mid-term future. In addition to consolidating our country as one of the most attractive investment destinations in the world regarding hydrocarbons, said the Secretary of Energy, Mr. Pedro Joaquín Coldwell.

Source: SENER

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SENER and CENACE presented the Bidding conditions for the Third Electrical Auction

For the first time other buyers than CFE will participate through the implementation of a Clearing House.

The Third Electrical Auction could triple electricity generation with more environmentally friendly sources and take advantage of the vast potential and renewable resources that our country has.

It will also continue the low-cost trend and accelerate the transition to a more diversified energy matrix, said the Secretary of Energy, Pedro Joaquín Coldwell, in the presentation of the bidding conditions for the Third Long-Term Electrical Auction.

Source: SENER

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Pemex approves a new farm out in ultra deep waters of the Gulf of Mexico.

Today, Petroleos Mexicanos’ Board of Directors authorized to send to the Secretary of Energy the application for partner migration  for the exploration and extraction of the Nobilis-Maximino block, located in ultra deep waters in the Perdido Fold Belt of the Gulf of Mexico. This request is aligned with the strategy defined by Pemex in its Business Plan 2017-2021 to establish partnerships allowing  to share financial, technological and geological risks to complement its operational capabilities and consolidate as a competitive company.

Source: Pemex

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SENER and CENACE launch call for 2017 Long-Term Auction

Today, the Ministry of Energy (SENER) and the National Energy Control Center (CENACE) announced the call for bids for the 2017 Long-Term Electricity Auction. As in previous auctions, the state’s private and public companies, including CFE , will compete to sell electricity under the best conditions to the Basic Service Provider and, for the first time, to other participating buyers.

The third electric auction will attract investments to power generation, ensuring compliance with clean energy goals at competitive prices.

The tender guidelines for the 2017 Long-Term Auction will be published on May 8th, 2017.

Source: SENER

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