Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2014-08-13 18:10:00

MEXICO: CHANGE THE PARADIGM

MEXICO: CHANGE THE PARADIGM

President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting in place regulatory and oversight agencies to implement the new rules by the end of August.

Government control of the oil industry began with the 1938 nationalization of foreign oil companies, and it has long been a touchstone of Mexican nationalism. Energy Secretary Pedro Joaquin Coldwell acknowledged the new system has changed that.

"Today marks a watershed ... a change in the energy paradigm. It is a change in the way we relate our national identity to energy, to bring it up to date with realities of the 21st century," Coldwell said at the signing ceremony at Mexico's National Palace, where beloved late President Lazaro Cardenas announced the expropriation 76 years ago.

The realities include a constant decline in oil and gas production in recent years as Pemex proved unable to open up significant deep-water or shale-gas production, both areas where the government hopes private firms will bring in expertise and tens of billions in investment.

The overhaul opens up production- and profit-sharing contracts for private companies that had been restricted to operating just as subcontractors for Pemex, without the ability to book reserves or gain a significant share in profits.

With drilling companies busy around the world, the first partial openings in the late 2000s proved unattractive. It's unclear how much interest there will be in the new round of bidding, which is expected to open in early 2015.

The revamping passed by ample margins in Congress, due to support from Pena Nieto's Institutional revolutionary Party, the PRI, and the conservative National Action Party, but many Mexicans still seem wary of the changes.

Seeking to reach average Mexicans, Pena Nieto promised they would feel the effects of the reforms in their pocketbooks, through lower power prices and more jobs.

Pena Nieto said that by passing the overhaul "we have overcome decades of immobility, and overturned barriers that prevented Mexico from growing." One of those barriers has been the high price of natural gas, much of it imported, and electricity rates that are higher than in many parts of the United States.

"With this reform we can extract oil from deep waters and take better advantage of our vast deposits of shale gas, to generate electricity at lower prices," Pena Nieto said.

It remains to be seen whether Mexico can assign complex contracts to private companies without the kind of kickbacks, favoritism and insider deals seen in the past. The law creates a national oil commission to take such decisions out of the hands of Pemex.

Mexico's oil and gas production peaked in 2004 at 3.4 million barrels a day, declining steadily to 2.5 million barrels. With the reform, the government hopes to increase output to 3 million barrels by 2018 and 3.5 million by 2025, by attracting private companies with the expertise and technology to exploit the country's vast shale and deep-water reserves.

pennenergy.com

Tags: MEXICO, OIL, GAS, PEMEX
MEXICO: CHANGE THE PARADIGM September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

MEXICO: CHANGE THE PARADIGM September, 20, 09:00:00

GAS PRICES UP TO $3.146

MEXICO: CHANGE THE PARADIGM September, 20, 08:55:00

ЦЕНА URALS: $51,81591

MEXICO: CHANGE THE PARADIGM September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

MEXICO: CHANGE THE PARADIGM September, 20, 08:45:00

RENEWABLE'S FUTURE

MEXICO: CHANGE THE PARADIGM September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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MEXICO: CHANGE THE PARADIGM
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

MEXICO: CHANGE THE PARADIGM
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

MEXICO: CHANGE THE PARADIGM
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

MEXICO: CHANGE THE PARADIGM
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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