A record 79 private companies, including Engie of France and Pacific Exploration and Production Corp. of Colombia, have qualified to bid in the Dec. 15 auction now that Mexico's new laws have opened oilfield development to private companies.
While world governments held climate talks in Paris, Mexico President Enrique Peña Nieto unveiled $3 billion plans to cut sulfur content in gasoline produced at six refineries of state-run firm Pemex, reducing emissions by 90 percent.
Foreign energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.
MEXICO CITY – An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated.
