Exclusive: Mexico's new government may halt oil auctions indefinitely - document
Wednesday, 29 August 2018 MEXICO CITY (Reuters) - Mexico's incoming government is considering indefinitely suspending auctions for oil and gas projects as well as giving state-owned Pemex the authority to pick its own joint-venture partners rather than holding competitive tenders, according to policy guidelines seen by Reuters. The document, drafted by energy advisers to leftist President-elect Andres Manuel Lopez Obrador, also recommends forging closer ties with leading oil producer cartel OPEC while withdrawing from the International Energy Agency (IEA), which represents the interest of oil-consuming countries.
According to Reuters, oil rigs in the Gulf of Mexico are slowly going back online, after Hurricane Michael passed through the offshore region. The storm forced oil produces to shut down their offshore..
According to Reuters, oil producers in the US are restoring drilling operations in the Gulf of Mexico. More than 90 offshore facilities are going back online, after their crews were evacuated ahead of..