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Shell sweeps nine of 19 blocks awarded in Mexico oil auction

Thursday, February 1, 2018


Royal Dutch Shell snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as it raised its big bet on Latin America’s deep waters.

Mexican officials estimated the auction, the most important since the country’s energy sector opened to foreign firms in 2014, could bring $93 billion in investment.

Source: Reuters