Related Articles
Forward article link
Share PDF with colleagues

Shell cautious on Mexico's oil reforms

Oil major Shell hasn’t been won over by Mexico’s oil reforms yet, with much public sector work to be done

The government needs to do more to make investment in the country attractive ahead of the deep-water licensing round, says Greg Guidry, an executive at Shell's upstream Americas business. “It’s a very difficult time to be opening up a country given the macro conditions, but I would also say that the framework at this point just does not generate the attractiveness that you really need to enter a country,” Guidry told the North America Gas Conference in Washington DC in October. Guidry pointed to the security risks in particular as well as the lack of infrastructure needed to develop major new projects. Security has been a major concern for companies looking to enter Mexico’s oil patch as t

Also in this section
Canada: Trump OK is not the end of the line for Keystone XL
28 March 2017
The challenges are not over for the pipeline which will run from Alberta to the Gulf Coast
Oil and gas in the new world order
22 March 2017
Geopolitical risks are changing and rising. The energy sector will be in the crosshairs
Slow reset of US-Russian relations
20 March 2017
Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent