PE Live: Easing unitisation tensions in Mexico
The outcome of upstream discussions could prove to be a turning point for the country’s energy reforms and the future of international participation
Settling unitisation disputes between Mexican state-owned oil company Pemex and several third-party operators is vitally important for the future of Mexico’s upstream sector, a panel of expert speakers agreed on a PE Live webcast last week. “How this first wave of investor-state issues, arising from the petroleum reforms, is resolved is critical for the private sector in Mexico,” says Peter Hays, partner at international law firm King & Spalding. “This is a perfect storm which people have seen coming for a long time.” Foremost in the industry’s thoughts is the dispute over the Zama discovery, the first major find following the landmark energy reforms carried out under former president En
Also in this section
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
20 March 2026
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
20 March 2026
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
