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Concessions

Are block auctions still effective?

The fall in oil prices has taken the magic out of public auctions of E&P blocks, and their effectiveness has fallen in different producing countries. Mexico recently finished the second phase of their Round One with some improvements, but not the stellar results authorities hoped for.

Thursday, October 1st, 2015
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ANH head says will hold ‘mini round´ in December

The president of the National Hydrocarbons Agency (ANH) Mauricio de la Mora now says that the entity is planning a ‘mini-round’ where it will offer three blocks in December of this year, an abrupt shift from recent comments he made on how the entity will promote investment.

Thursday, September 24th, 2015
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ANH prepares another series of measures to promote E&P

The National Hydrocarbons Agency (ANH) president Mauricio de la Mora said that the agency is preparing another series of measures that will help improve the conditions for the industry to remain competitive, with a focus on how it will assign new blocks.

Wednesday, September 23rd, 2015
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More lessons from Mexico’s Round

Colombian authorities should be paying close attention to not just the results of the first Mexico Round, but how the rest of the process plays out. It clearly demonstrates that contract conditions and geology weigh just as heavily as state take when deciding whether to bid or not, says a business publication.

Wednesday, August 12th, 2015
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What comes next for Mexico’s Rounds?

With a lackluster result in Mexico’s Round One, the focus now turns to the next four rounds as observers comment on how the first results can be interpreted and impact the rest of the process.

Thursday, July 23rd, 2015
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Bad week in Mexico and it is only Wednesday

Bad week in Mexico and it is only Wednesday

Bad week for Mexican President Enrique Peña Nieto: a top crime boss escapes from prison in spectacular fashion and the much vaunted Round 1 (shallow water) auction was a spectacular failure. We publish the results and make commentaries on what this means for Mexico, Colombia and the region.

Wednesday, July 15th, 2015
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Companies access ANH benefits, more on the way

A number of companies have already applied for benefits offered by the National Hydrocarbons Agency (ANH) thorough the Agreement 02, and the entity’s president Mauricio de la Mora says another round of measures are being planned.

Wednesday, June 24th, 2015
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Mexico auction taking shape

Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) are the only Colombia focused operators participating in the historic bidding round that will open the Mexican oil industry to private capital, which has advanced to the next stage.

Monday, June 15th, 2015
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More details emerge on false ANH bank guarantees

Last week reports of missing hard drives at the National Hydrocarbons Agency (ANH) with data on offshore blocks caught the attention of the local press. However probably a bigger story was on falsified bank guarantees for ANH contracts, conveniently slipped into the same press release. Now more details emerge on this latter issue.

Thursday, June 11th, 2015
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Pacific without Rubiales

Finally ruling on one of the more controversial and uncertain scenarios facing the Colombian oil industry, Ecoeptrol (NYSE:EC) has said it would not renew its association contract with Pacific Rubiales (TSX:PRE) for Colombia’s largest producing field, Rubiales.

Monday, March 16th, 2015
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