Bloomberg reports that Mexico’s government will propose taxing private oil companies that partner with state-owned Petroleos Mexicanos at a similar rate as in Brazil and Colombia, Mexico’s deputy finance minister for revenue said.
Mexico's state-owned oil company says it will form a new entity to explore and produce shale gas and deep-water oil in U.S. territory.
Mexico’s government will send a bill to Congress in September to improve state-owned Petroleos Mexicanos’s capacity to invest in projects by reducing the oil company’s tax burden, Finance Minister Luis Videgaray said.
Mexican President Enrique Pena Nieto will seek to amend several articles of the constitution to break Petroleos Mexicanos’s monopoly in the state-run oil industry, ruling party President Cesar Camacho said.
Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power, and process industries, reached a milestone when it sold its 1,000th DATUM® centrifugal compressor-the new DATUM I centrifugal compressor-to Petróleos Mexicanos (PEMEX)