Security Challenges to the Oil and Gas Industry in Mexico
On 20 December 2013, Mexican President Enrique Peña Nieto signed into law a bill that essentially ended the 75-year old state oil monopoly called Petróleos Mexicanos (Pemex). This significant shift opens up the Mexican energy sector to private foreign companies, allowing private concessions in upstream and downstream operations as well as production-sharing agreements between Pemex and private companies. These reforms will attract a large influx of companies seeking new opportunities and profit. In fact, they already have. The buzz about Mexico’s newly-diversified energy sector is coursing through the executive boardrooms in Houston, Texas, as well as criminal cartel hideouts in Mexico.