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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 DrillingĀ“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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CNH could postpone the first auction of a Farm-out agreement

The participation expectations of oil-companies have not been met for the National Hydrocarbons Commission (CNH), due to it has been very low.

According to a report in Millennium, the CNH will evaluate whether postpones auction of Trion field, which is initially planned for next December 5th.

Thursday, September 22nd, 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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