Mexico in full swing
A year of further energy liberalisation and continued upstream and midstream expansion lies ahead
Mexico's oil and gas industry will be completely open to private investment by end-2018. For the first time in almost eight decades, domestic and foreign companies will be allowed to do business throughout the value chain, from oil exploration to service stations. Free entry and exit, competition and transparency will be the new normal. It has been a three-year process to get to this point. After constitutional reform and new secondary legislation that ended Pemex's monopoly over the oil industry, implementation of market reform advanced in gradual steps. It began with exploration and production: in the summer of 2015, offshore blocks in the Gulf of Mexico's shallow waters were auctioned. Tw
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
