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Mexico's Pemex: 16 Companies Qualify to Bid on Oil Contracts

MEXICO CITY--Mexican state oil company Petroleos Mexicanos said Wednesday that 16 companies have qualified to bid for flexible service contracts to explore and produce oil in mature fields of northeastern Mexico. In a series of messages sent via its official Twitter account, Pemex said the companies include Chevron (CVX), Spain's Repsol YPF (REP.MC, REPYY), Baker Hughes (BHI), Halliburton (HAL), Schlumberger (SLB) and Weatherford (WFT), among others. The tender process is for a second round of incentive-based contracts under changes made in 2008 to Mexico's oil laws to give Pemex more flexibility in the work it farms out. Mexico's laws bar oil and gas concessions or risk contracts for private or foreign companies. The prohibition on concessions, or booking Mexican oil reserves, has so far discouraged oil majors from seeking contracts with Pemex, making the work more attractive to oil services companies. Not all of the companies that qualified will necessarily submit bids. Several of the candidates running in Mexico's July 1 presidential election have spoken of seeking changes to allow Pemex to carry out joint investments with private companies, while maintaining that the industry will continue in state hands. The latest round of contracts, which are expected to be awarded June 19, according to Pemex, are for six mature fields in Mexico's northern region. In January the company said it expects the fields to produce 100,000 barrels a day of oil within three or four years. Pemex currently produces around 2.5 million barrels a day of crude oil. -Write to Anthony Harrup at anthony.harrup@dowjones.com -0- Original Email Message: http://10.13.38.56/enewsmails/Links.aspx?Ac=6&ID=20120606-17070932-0

Stock News for Halliburton (HAL)
DateTimeHeadline
05/25/201613:09:18Current Report Filing (8-k)
05/24/201610:56:43Specialized Disclosure Report (sd)
05/24/201610:12:21Statement of Changes in Beneficial Ownership (4)
05/23/201621:50:00PDVSA Offers Debt Exchange to Service Providers
05/20/201616:15:37Current Report Filing (8-k)
05/20/201610:44:36Statement of Changes in Beneficial Ownership (4)
05/19/201618:35:00Halliburton Annual Meeting of Stockholders and Dividend Declaration
05/19/201618:30:00Halliburton 2016 Second Quarter Conference Call
05/13/201613:19:34Statement of Changes in Beneficial Ownership (4)
05/10/201611:58:12Current Report Filing (8-k)
05/09/201616:34:11Statement of Changes in Beneficial Ownership (4)
05/09/201611:47:15Withdrawal of Registration Statement (rw)
05/09/201603:02:00Merger Breakups Increase to Record -- WSJ
05/06/201616:30:00Halliburton to Redeem $2.5 Billion in Senior Notes
05/06/201611:59:59Quarterly Report (10-q)
05/06/201606:00:00On the Latest BizWireTV Berkshire Hathaway’s Annual Shareholders Me...
05/04/201614:38:49Current Report Filing (8-k)
05/04/201603:04:00Halliburton, Baker Strategies Differ -- WSJ
05/03/201615:40:05Current Report Filing (8-k)
05/03/201613:57:00Halliburton's Loss Deepens--2nd Update

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