MEXICO ENERGY STAND: Transparency in Tendering

Mexico has joined the ranks of countries which has embraced new safety and transparency measures in its operations in the energy sector by renewing its commitment to contribute positively to the domestic energy market.

The New Reforms

The new measures are being put in place by using absolute transparency in the tendering process which will be participated in by several national and foreign private investors. Moreover, everything is being supervised by multiple third party firms with enough autonomous power to supervise the different reforms being implemented at the various levels. All of these were approved at the national level by President Enrique Peña Nieto and was done with the backing of the national legislature. All of these key decisions were revealed to the public by the Mexican Energy Secretary Pedro Joaquin Coldwell (pictured above) during the inauguration of a regional oil and gas forum in Mexico City, the capital.

Prominent Backing

The statements by Mr. Coldwell were backed up by AMEXHI Chair Dr. Enrique Hidalgo. AMEXHI is the Mexican, equivalent of the International Association of Oil & Gas Producers (IOGP) which hosted a dinner at Hacienda de los Morales to mark, the beginning of the first regional forum. The theme of the forum was “future proofing the oil and gas industry” and included discussions on preparations deployed to tackle the high cost of products in a low oil price environment while maintaining the highest levels of safety standards by bringing the interests of the regulators and streamlining the processes.

Related Fields

As IOGP chair, Monica Hausenblas pointed out, the future of oil and gas will play a very important role in the development of energy solutions in the near future in every sector of human life just it has done in the last 150 years. After all, current traditional energy sources account for about 50% of the world’s current energy needs including over 90% of automobile energy requirements. In the context of other relatable fields like climate change, she said, “An energy transition is about the structure of the economies we, as society, design. If the world is to address climate change whilst continuing to provide additional energy for development, society must broaden its point of view. This means looking at a blend of power sources, mobility fuels, and industrial processes”.

IOGP

IOGP is one of the premier authorities in the production world of oil and gas with operation centres in the Americas, Africa, Europe, the Middle East, the Caspian, Asia and Australia producing more than a third of the total requirement for heat light and transport. Not only that, they are the primary decision makers in relation to improvement areas like health, safety etc. in related fields.

For further information on the IOGP/AMEXHI Regional Forum, visit www.iogp.org/mexico.