Tag Archives: Policy

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Mexico Is Poised for Energy Boom

Mexico reopened its energy market to outside producers in August for the first time in more than 75 years. Until now, private companies could only serve as contractors to the national hydrocarbon or electricity monopolies.

Mexicans formerly took pride in keeping a major natural resource in national hands. Pemex, the state petroleum monopoly, provided almost a third of federal revenues. Yet Pemex’s production began dropping in the mid-1990s. In 2013, the U.S. Energy Information Administration (EIA) predicted (PDF) that by 2025 Mexican oil production would plunge by more than 50 percent from 2010 levels, despite the presence of the equivalent of 450 billion barrels of oil in Mexico, on par with Saudi Arabia’s resources. On August 25, citing the reforms, the EIA predicted a turnaround in the decline over the next few years and a return to growth by 2025. Mexico is now on the verge of an oil and gas boom. Continue reading

Photo: Todd Lapin via Flickr: https://secure.flickr.com/photos/telstar/4236562176/in/photolist-7snuks-5qodub-n65QQ-9Y4BA-5taBZZ-9DWC1t-55F9JS-69uBs3-9DWBcx-5nvqRu-9bjx5k-c5QHi-7uGNKv-n8EGj-iXEaD--648uDd-bsFdxt-86fVC-8xQmwz-ncu6j3-644fXt-vcU61-o6hcY-4ezssL-jybYPD-9r3rn-p4JRe-8z2hCm-4RyJ2p-aT4Dwc-bs9odR-BCCZz-iXDmw-iXDF4-iXDTv-iXD1m-UBsSM-8dqEz-68hTzf-6qHHrZ-7snuj5-eXTnsN-5tcwiP-5vmJs5-5UKeqa-7Wx3zA-nSeCFL-25Faf7-degfS

Mexico Opens Its Grid to Competition

As part of a wider reform of its energy market, Mexico is privatizing its energy regulator and will begin allowing private companies to sell energy to, and add capacity to, its electricity grid. The country’s president, Enrique Peña Nieto, enacted the laws (English summaries) on Monday, August 11th (Spanish pdf). Petroleum and electricity have been state monopolies in law since the 1917 constitution and in practice since the late 1930s, when Mexico succeeded in expropriating foreign energy firms’ holdings.

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SARS-like virus reignites ownership feuds

homecoverA new human coronavirus isolated from a patient in Saudi Arabia is raising questions over how to handle the intellectual property (IP) of newly emerging infectious diseases. As Nature Biotechnology went to press, the World Health Organization (WHO) had been notified of 81 cases and 45 deaths globally since September 2012 attributed to the Middle East respiratory syndrome coronavirus, (MERS-CoV). Ali Mohamed Zaki, a microbiologist at Soliman Fakeeh Hospital in Jeddah, Saudi Arabia, who isolated the virus from a patient, has lost his job after announcing the existence of the virus through a public medium. Saudi officials accuse him of mailing a virus sample to a laboratory in The Netherlands without permission. Continue reading