LatinNews Daily - 17 May 2018

*Mexican energy firm Hokchi Energy, a subsidiary of Argentina’s Pan American Energy, has announced that Mexico’s national hydrocarbons commission (CHN), the energy sector regulator, has approved its US$2.5bn development plan to exploit the ‘Hokchi’ oil field located in the Gulf of Mexico. Hokchi Energy was one of the first firms to win an oil concession following Mexico’s 2013-2014 energy sector reform, which opened up the sector to increased private sector participation. Hokchi Energy is the first private energy firm to have its development plan, which involves the installation of two offshore oil rigs in the Hokchi field, approved by the CNH since the reform and its now set to start exploiting its concession.

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