Results of the First Call for Bids, Round Two

Ten contracts were awarded for the exploration and extraction of hydrocarbons in shallow waters of the Gulf of Mexico to 12 companies grouped in 10 bidders.

The assigned contracts have an associated investment of approximately 8.2 billion dollars over the next 30-40 years.

The State will receive, on average, between 77.4% and 83.9% of the profits generated in the contracts awarded, as well as a cash payment of US $ 30 million resulting from a tie in the contractual area 9.

Source: SHCP-SENER-CNH

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The National Infrastructure Program (NIP) will be 100 percent completed

The SCT will complete 100 percent  the National Infrastructure Program (NIP) with an investment of more than 1.44 trillion pesos, the most important figure in the history of the federal entity, which includes the allocation of resources throughout the country to ports, airports, trains, roads, highways and telecommunications.

Source: SCT

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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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Power Generation Plant in Mexico City to be financed by the SHCP

The Secretary of Finance and Public Credit, José Antonio Meade, announced that  development banks will participate in the financing of the “Installation of the Power Generation Plant  Bordo Poniente Stage IV”, one of the most important projects of Mexico City  and the world in that matter.

This project will have the financial support of Banco Nacional de Comercio Exterior (BANCOMEXT), the National Infrastructure Fund (FONADIN) and Nacional Financiera.

Source: SHCP

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The Macro-tunnel and the Brisamar and Cayaco junctions begin operations in Acapulco

  • The infrastructure works link the traditional area of Acapulco with the Diamante one
  • The Macro-tunnel is the longest underground road corridor in the country, with a length of more than 3 kilometers
  • These infrastructure works reduce  low season traveling time by 16 minutes and by more than 1 hour 30 minutes in holiday periods.

Source: SCT

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Successful financial closure of the Shared Network project

Bancomext, Banobras and Nafin signed a loan agreement with Altán Redes, S.A.P.I. de C.V., a vehicle constituted by Altán, a winning consortium of the international public tender convened by the Ministry of Communications and Transport, which was awarded a public-private partnership agreement for the deployment and operation of a Wholesale Telecommunications Network in Mexico.

The three development banks will participate in the financing of the project through credits that, jointly, amount to 17 thousand 750 million pesos with an average term of 13 years.

With the signing of the credit agreement successfully concluded a financial closure process that lasted three months, thereby securing both capital and debt resources necessary for the development of the project.

Source: SHCP

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Closing reception of Service Requests with second round of “Betas” of Sistrangas Open season 2016-2017

735 requests from 18 companies were received.

On April 7th, CENAGAS concluded a further stage of the Open Season Procedure for the Capacity Reserve available at Firm Base in the Integrated Natural Gas Transportation and Storage System (SISTRANGAS).

The Open Season 2016 – 2017 of SISTRANGAS began with the submission of applications from November 28, 2016 until March 10, 2017. During this period, 780 applications were received from 24 companies, which represent a requirement of Transport capacity of 3.4 million gigajoules, from the  2.7 million gigajoules available.

Source: CENAGAS

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