Publish in Special Reports - Monday, January 26, 2015
Despite the falling oil prices, the outlook for the energy legal business in Mexico remains promising thanks to upcoming auctions, experts say. (Photo: Pemex)
See our special report on Latin America 2015
Law firms are upbeat on outlook for Latin America energy business, thanks to Mexico and Colombia.
BY JOACHIM BAMRUD
With Brazil suffering from a major corruption scandal at state oil producer Petrobras, energy lawyers are taking solace in the historic opening of Mexico’s energy sector to drive business this year. Meanwhile, Colombia remains an attractive market.
“The energy legal business in Latin America will continue to be robust in 2015 as the region’s energy infrastructure requirements and prospective energy resource remain,” says Carlos Solé, Co-Chair of the Latin America Practice, Baker Botts. “Obviously, the “big story” will be Mexico as the country will conduct oil and gas bid rounds for its now reformed energy sector.”
Larry Pascal, Chair of the Americas Practice Group, Haynes and Boone, agrees. “We are upbeat about the general outlook for our legal energy business in Latin America in 2015, and expect to see more activity in our New York, Washington DC, Texas, and Mexico City offices in this area,” he says. “In particular, we expect to see more ...
Keywords: Argentina, Baker Botts, Brazil, Colombia, Haynes and Boone, Mexico, Norton Rose Fulbright, Vaca Muerta, Venezuela
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