The Mexican National Hydrocarbons Commission published the bidding and contract terms for the first 14 oil and gas areas in shallow waters, kicking off the first phase of Mexico’s Round One, which will continue throughout 2015.
On November 28, 2014, the Mexican National Hydrocarbons Commission ("CNH") published in the Mexican Federal Official Gazette a resolution containing the administrative rules for the bidding process and granting of contracts for the exploration and production of hydrocarbons (the "Rules").
On August 12, 2014, a package of energy reform legislation became law in Mexico, eliminating a restrictive legal framework that has limited private investment and participation in Mexico’s energy industry for more than 75 years.
In December 2013, the President of Mexico signed a historic energy reform bill into law, eliminating a restrictive legal framework that has limited private investment and participation in the country’s energy industry for more than 75 years.
President Enrique Peña Nieto has introduced to the Mexican Congress nine new bills, as well as proposed amendments to several existing laws, to implement the constitutional energy reform that became effective on December 21, 2013.
On December 11, 2013, the Mexican Senate passed a sweeping energy reform bill that, if enacted into law, will revolutionize the country’s energy sector and bring about the most significant overhaul of the sector since 1938.
On November 8, 2013, the US Federal Energy Regulatory Commission issued a Presidential Permit and Granting Authorization allowing NET Mexico Pipeline Partners, LLC to build a natural gas export facility with 2.1 billion cubic feet per day capacity at the US-Mexico border.