Puerto Vallarta News

Puerto Vallarta News

deepwater mexico

Mexico sweetens terms for deepwater drilling auctions

Mexico's oil regulator voted on Thursday to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have slumped over the past two years. In a meeting that was webcast, commissioners of the regulator known as the CNH voted unanimously to allow companies not involved in the day-to-day operations of a deepwater oil field to hold a larger stake t…

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