Following a hearing in Singapore, Mexican-based oilfield services company Servicios Petroleros Oro Negro SAPI de CV has been cleared to negotiate with creditors a year after it sought the protection of the law under a bankruptcy procedure, known as concurso mercantil, similar to Chapter 11 in the United States.
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Renaissance Oil, Mexico’s No. 2 Producer, Working to Tap Tampico-Mislanta Basin
Renaissance Oil Corp., a relative newcomer to the industry, is facing a tough nut to crack in Mexico, but the Canadian-based producer is setting up to hit what it is eyeing as a home run in the Tampico-Misantla Basin.
January 10, 2018