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UKTI Mexico: Oil and Gas Sector Update

UKTI Mexico: Oil and Gas Sector Update

26 August 2015

Providing UK companies with topical updates on the oil and gas industry in Mexico and on forthcoming activities or business opportunities.

Offshore Europe

UKTI and UK Export Finance will host a pavilion at Offshore Europe, as one of the largest technical events for the offshore E&P industry. Promexico, in conjunction with UKTI, will take a delegation of Mexican oil and gas companies to this event. The objective will be to acquaint the Mexican delegation with what the UK oil and gas industry has to offer. Offshore Europe will take place between 8 and 11 September of the on-going year, in Aberdeen. On Tuesday 8th, UKTI will provide a market briefing of Mexico, between 15:30 and 17:00. Contact the UKTI Mexico team if you are interested in joining the briefing or in meeting invitees from the Mexican delegation. 

Mexican institutions to soften requirements for Round One bidders 

In July, The National Commission of Hydrocarbons, the Ministry of Energy and the Ministry of Finances undertook modifications to the second stage of Round 1. These measures were taken in an attempt to generate interest in the upcoming bids. The National Commission of Hydrocarbons will change the rules for bidding offers and will add flexibility in the case an operator, belonging to a consortium, decides to leave. The Ministry of Energy will modify guarantee requirements for bidders, as well as matters regarding insurances and settlement of disputes. 

For further information, contact the UKTI Mexico team. 

Reflex Marine Frogs certified to operate in Mexican waters  

In July, Reflex Marine’s Frogs were certified by the Mexican Merchant Marine to operate in Mexican waters. Frogs are devices for transferring personnel from crew boats to offshore platforms, maximizing comfort and efficiency of this process. These units are of paramount importance to the increase of safety standards in the Gulf of Mexico and can now be used on all vessels operating in Mexican waters.

Shell, Diageo and EY sponsor energy market overview

During the first week of August, the sponsors of the dual year between Mexico and the UK, in collaboration with the British Embassy Mexico, extended a breakfast to key actors of the oil & gas sector in Mexico. Her Majesty’s Ambassador, Duncan Taylor, provided welcoming words for the event. Three senior speakers participated in the event, providing a sector overview of the Mexican market and providing a contrast with the oil and gas sector industry worldwide: Mr. Olivier Haché, partner on mergers & acquisitions at Ernst & Young, Mr. Carlos Correa, Chief  Executive of Corporate Banking at HSBC Mexico and Alberto de la Fuente, President and General Director of Shell Mexico.