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Pemex could pay customs duties in 2017

Within the Economic Package for 2017, the Secretariat of Finance and Public Credit (SHCP) request a modification to the General Law of Rights, which would force Pemex to pay customs duties, according to a report in El Financiero.

Friday, September 30th, 2016
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Pemex is seeking new partners for fields in Tabasco

The National Hydrocarbons Commission (CNH) approved to transfer two contracts to shared mode with the aim of reducing the tax burden currently Pemex has.

Thursday, September 29th, 2016
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Investments will not be as large as it was expected

Mexican authorities said that thanks to the Energy Reform large investments reach to the country but apparently it will not be as expected. Secretariat of Energy declares that investments will be a 64.23% lower than projected.

Monday, September 26th, 2016
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Begins mega oil platform construction

The US Company McDermott International began building the Abkatun-2 oil platform. It will be responsible for replacing the Abkatun A-Permanentem rig, which suffered an explosion last year.

Monday, September 26th, 2016
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Pemex will pay less to Oro Negro Drilling Pte.

Pemex cut daily rent rates of Oro Negro Drilling´s equipment and will suspend two rigs for one year, according to a press release. The amendments are subject to approvals and the companies expect to implement them in the coming weeks.

Friday, September 23rd, 2016
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NXT seeks to apply its technology in Mexico

The company of oil exploration NXT is seeking an alliance with Pemex and private companies to use its technology in the search for oil in the Mexican underground, according to a report in Reforma. The company has latest technology for finding new oil fields.

Friday, September 23rd, 2016
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Fieldwood interested in Mexican hydrocarbons sector

Fieldwood is planning to drill on the Mexican side of the Gulf of Mexico next year, with the aim of starting production in 2019, acording to El Financiero.

Thursday, September 22nd, 2016
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Pemex will increase executive positions in 2017

Despite budget cuts that have been announced for the oil-company, Pemex will increase 20% its executive positions for next year, according to a report in El Economista.

Wednesday, September 21st, 2016
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Pemex´s business plan from 2016 to 2020

Pemex is looking to improve its efficient allocation of resources, acquire technology and knowledge for all the hydrocarbons value chain through strategic alliances, using the Energy Reform, according to a report sent to the Securities and Exchange Commission (SEC) of the United States.

Tuesday, September 20th, 2016
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One fourth of Pemex´s projects run out of budget

If the government approves the economic package for next year, 26% of the investment projects that Pemex plans to do would be out of budget, according to a report in El Financiero.

Monday, September 19th, 2016
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