On July 28, 2016, the Mexican government, through the Comisión Nacional de Hidrocarburos (National Hydrocarbons Commission) (“CNH”), commenced an international tender process by publishing in the Diario Oficial de la Federación (the Federal Official Gazette) the Bidding Guidelines for the Granting of a Deep-Water Exploration and Extraction License Agreement in partnership with Pemex Exploración y Producción, a subsidiary of Petróleos Mexicanos (the productive state-owned enterprise) and accompanying Joint Operating Agreement, addressed to domestic (private) and foreign companies.

View full article, Oil & Gas Sector in Mexico: Comisión Nacional de Hidrocarburos Announces Petróleos Mexicanos’ First Offer to Farmout