Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
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Tap Oil ownership under siege by Northern Gulf Petroleum
NGP recently increased its holding in Tap to 19.98% from 6% and the company is now seeking to control Tap by replacing its board with its own nominees.