Tag Archive for: energy reform
RGU Secures Funding to Help Develop Oil, Gas Workforce in Mexico
Robert Gordon University (RGU) in Aberdeen has been awarded funding to create a skills development framework for the oil and gas sector in Mexico.
The framework will provide recommendations on how to address the potential skills gap in the Mexican oil and gas industry over the next 15 years, both at graduate and vocational level. The university secured the funding, which will be delivered by the British Embassy in Mexico, from the British Government’s Prosperity Fund.
As part of the development plan, RGU will advise the Ministry of Energy in Mexico (SENER) on appropriate delivery models to train and further develop the Mexican workforce, and to secure a pipeline of future talent.
Work on the development plan has already begun and the framework will be presented to the Mexican Government in December, an RGU spokesperson told Rigzone. In its plan, RGU is undertaking a review of what the UK has done to develop its skilled workforce and is using that information to advise the Mexican Government.
Although Mexico has a long-standing track record as one of the leading hydrocarbon producing countries in the world, it is estimated that it will require more than 135,000 additional skilled people in the oil and gas industry over the next 15 years in order to meet production targets set by the government.
“The Energy Reform in Mexico presents huge opportunities for the Mexican oil and gas sector,” said Professor Paul de Leeuw, director of RGU’s Oil & Gas Institute.
“RGU is delighted to undertake this important review on behalf of the FCO and to advise the Mexican Government on skills development options for Mexico,” he added.
“As part of the Energy Reform, SENER has developed a coordinated strategic human resource program for the energy sector, seeking to rapidly build capacity to respond to the needs of the transformed energy sector,” said Leonardo Beltran, SENER’s undersecretary for planning and energy transition.
“The partnership with the UK and particularly with RGU will support the development of capacity building of Mexico’s oil and gas sector,” he added.
“We aim to build a strong partnership that promotes an open, robustly-regulated Mexican energy sector with significant British collaboration. The UK is a global centre of energy excellence and we hope our experience can contribute to the successful implementation of Mexico’s new energy markets,” said the British Ambassador to Mexico, Duncan Taylor.
The project builds on the relationship RGU has been developing with SENER following the visit from the President of Mexico, Enrique Peña Nieto and his delegation to the university in March 2015, and builds on the Memorandum of Understanding (MoU) which RGU signed with SENER in September 2015.
This project is funded by the British Embassy in Mexico as part of its Prosperity Fund energy program. This program seeks to support Mexico’s economic development and create commercial opportunities in the energy sector. Through the Prosperity Fund, the British Government has supported Mexico to shape its energy legislation based on international best practices.
Copyright: Rig Zone
Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects
Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total SA and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Pemex may also start discussions with Oslo-based Statoil ASA, according to company press officials who asked not to be named because of policy. Pemex seeks Areas of Mutual Interest agreements to evaluate whether the companies have opportunities to work together in offshore areas.
The talks would indicate the world’s oil majors are interested in partnering with Pemex to produce the country’s underdeveloped crude reserves or bid with Mexico’s state-owned operator in the country’s first-ever deep water auctions in December. Pemex, which deferred investments in deepwater fields this year amid a $5.5 billion budget cut, has reiterated that it seeks to partner with the world’s largest producers to develop Mexico’s crude reserves, estimated by the country’s oil regulator at the equivalent of 10.24 billion barrels of crude at the end of last year.
“They will use the tools in the energy reform to do this,” Nymia Almeida, a senior credit officer for Moody’s, said at a conference in New York, when asked about Pemex forming partnerships and selling assets, which the company intends to do. “Any deal would be better than none, even if it starts little by little.”
Hakon Fonseca Nordang, head of communication for Statoil in the U.S. and Mexico, declined to comment on any discussions, saying that Statoil and Pemex have for years had a General Cooperation Agreement involving research and technology exchange between the two companies. Scott Silvestri, an Exxon spokesman, declined to comment, as did Isabel Ordonez, a spokeswoman for Chevron in Latin America.
Deepwater Auction
Mexico hopes to raise $44 billion in investment in its first-ever sale of deepwater areas in the Gulf of Mexico, scheduled for Dec. 5. The country will auction 10 areas in the Perdido area near the maritime border with the U.S. and in the southern gulf’s Cuenca Salina.
Seventy-six percent of the country’s prospective oil resources are located in the deep waters of the Gulf of Mexico, according to Energy Minister Pedro Joaquin Coldwell. Pemex, Statoil, Chevron and Exxon are among 16 companies that are in the process to qualify to bid in the deep water auctions
Copyright: Rig Zone
The Importance of Lloyd’s Market Within the Energy Reform
The iconic Lloyd’s building in London is one of the most emblematic and important places for the insurance industry and it is commonly known as the birthplace of marine insurance throughout the world. It is where vessels, oil rigs and the most complex drilling and construction projects both on land and sea, are protected.
By: Paulina Meza Photo: NRGI Broker
e wanted to enter the world of the petroleum risk assurance, that is why we interviewed Graciela Alvarez Hoth, CEO of NRGI Broker in the Lloyd’s building, in front of the iconic bell that sounds when an important event happens in this market. For some thirty years, Graciela Alvarez has specialized in the placement of insurance and re-insurance coverage of intricate oil related activities for various national and foreign companies.
When asked about the origin of Lloyd’s she replied … “It all started in the Edward Lloyd’s coffee house, as the birthplace of marine insurance during the lat 1600’s where traders and merchants would meet to insure their vessels and cargoes. Today the latest Lloyd’s building is still the focal point of the British insurance industry, but the merchants and traders have been replaced by the world’s most prestigious brokers and solvent insurers but still meeting in a single market place, under the Lloyd’s Franchise.
It is in Lloyd’s where we place the reinsurance through one of the companies of Grupo Vitesse, its reinsurance broker specialized in the full spectrum of risks as required by the energy industry in Mexico, an activity that nowadays has a high importance due to the global best practices which will become obligatory for all companies and corporations involved with contracts within the Energy Reform in our country.
Our expertise in the design of comprehensive insurance programs to cover the risks assumed by companies in the oil fields, and complex activities performed daily in this industry have allowed us to successfully face the moment of truth, when you have to attend a major claim, highlighting and demonstrating the importance of being well insured.
“The result of working with professionalism, efficiency, passion and loyalty over the years in the oil industry, has given us the expertise and capacity to respond as we enter a new era, not only to oil companies, but also to advise companies in all sectors of the energy market be it renewable or traditional.“
In NRGI Broker we have the commitment to exceed excellence in service, it is our best guarantee to meet the expectations of the most demanding customers who will need support in order to fulfill one of the most important requirements being established within the Energy Reform – being the best global practices in insurance”. Alvarez Hoth emphasized.
Mexico’s Cemex creates electricity unit to tap into energy reform
Feb 19 (Reuters) – Mexican cement-maker Cemex said on Thursday it has created an energy division to take advantage of Mexico’s landmark energy reform, and launch power projects that could provide up to 5 percent of Mexico’s electricity requirements within five years.
Cemex has struggled with a large debt load and cost-cutting since an ill-timed $16 billion takeover of Australian rival Rinker in 2007, when the U.S. housing market nosedived.
In recent years the company has been slashing costs and looking to sell assets to regain a coveted investment grade rating. Cemex executives are hopeful that Mexico’s energy reform will be a lucrative new path for the giant cement-maker.
We are very enthusiastic about Mexico’s energy sector future, and we will leverage on our experience in developing projects that benefit the country, Cemex Chief Executive Officer Fernando Gonzalez said in the statement.
The company will invest $30 million in the new unit, to be called Cemex Energia, over the next five years, the statement said.
Cemex also said it had signed a joint venture agreement with Pattern Energy Group Inc, which owns wind power projects, to create 1,000 megawatts of renewable power in Mexico within the next half decade.
In a separate statement, Pattern said new legislation in Mexico, which mandates that 35 percent of Mexico’s power must come from renewable sources by 2024, prompted it to expand into Latin America’s second largest economy.
Mexico’s energy reform, finalized last year, is President Enrique Pena Nieto’s big bet to kick-start Mexico’s long-lagging economy, by bringing private investors into the country’s ailing oil, gas and electricity sectors to stem a 10-year decline in crude output and steep power costs for manufacturers. (Reporting by Cyntia Barrera; Writing by Gabriel Stargardter; Editing by Jeffrey Benkoe)
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Photo by Secretlondon (Own work)
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