Stakeholders in the Mexican oil and gas industry have had to face an unprecedented situation over the past 12 months. Even though the industry suffered as much as any other in the country, companies kept on going without interruptions by presidential decree. The upstream subsector in particular had to modify its processes and practices drastically to keep business running normally, even amid other market-driven crises unrelated to the COVID-19 pandemic. Major upstream players have come out of this gauntlet of challenges with rewritten business strategies and new wisdom regarding the crucial importance of flexibility and adaptability. This persistence is beginning to pay off in the form of higher oil prices and renewed interest in prospective resources and upcoming infrastructure projects.The industry’s urgent development and technological needs were laid bare by the pandemic, but this also means that industry leaders are actively and enthusiastically looking for the right partners and talent to...
