The recent plunge in oil prices is prompting Mexico’s government to consider scaling back the initial bidding for its momentous plans to reopen its oil and gas industry to private companies, and to offer them better terms. The government is now likely to delay or scale-down tenders for some of the oil fields and areas that it planned to offer in the coming months, especially in areas with shale oil where recovery costs are higher than in traditional oil fields, Energy minister Pedro Joaquín Coldwell said late on Thursday. He said the auctions for deep-water fields were unlikely to change because they were longer-term investments, but that other fields with […]