Oil and gas company valuations are based, in part, on their reserves – volumes of oil or gas yet to be developed from assets in their possession. But the International Energy Agency has said that to avoid catastrophic climate change, a third of global fossil fuel reserves must be off-limits until 2050. And if governments… Keep reading →
The global natural gas revolution has arrived in Mexico. As the country’s power sector undertakes a fuel shift toward natural gas, state-owned and domestic companies are beginning to seek ways to partner with technology-empowered foreign firms to boost domestic production. While maintaining and expanding struggling crude oil production at state-owned Petroleos Mexicanos (better known as… Keep reading →
Guy Chazan must have inwardly rejoiced while interviewing outgoing Shell CEO Peter Voser for his piece in the Financial Times (which I’d link to, but they have a frustrating paywall situation). Most of the interview is about dull and important matters like capital expenditure cycles for oil majors, but Voser gave the FT a little… Keep reading →
Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →
Proposed amendments to Mexico’s constitution that would open up the country’s energy sector to foreign investment stand a good chance of passing, thanks to a pressing need for revenues and a well-staged political campaign. But the follow-up legislation that sets the tone for foreign investment will be critical to the success of efforts to revitalize… Keep reading →
Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →
