Past Mexican Oil Rounds had the participation of several companies with great success. However, a winning consortium recently decided to give up developing a block.
To maximize its possibilities, Brazil eliminated the need for its NOC Petrobras (BVMF: PETR4) to act as an operator in offshore projects in the subsalt fields. These contain vast reserves of high-value crude which gives companies room to maneuver, Expansión reported.
The Energy Regulatory Commission (CRE) is now reporting propane prices in the country. These have increased substantially this year, causing much dissatisfaction and other economic consequences.
The gasoline market started its liberalization process this year, but this stage has had many problems and difficulties. Owners of service stations reported irregularities committed by officials of the Federal Consumer Protection Agency (PROFECO).
The two countries have been considering new commercial opportunities in the middle of a complicated renegotiation of the NAFTA Agreement.