Mexico and Brazil compete for investors in deepwater projects

Tuesday, December 12th 2017 - 10:47 UTC

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Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected. Read full article

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chronic
LOL.

Pemex squandered the commodity decade.

New regime will have to more fully embrace the narco economy reality.
Dec 12th, 2017 - 05:24 pm - Link - Report abuse 0
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