Mexico sweetened the terms for its September auction of oil fields, setting minimum bids Monday that are generally lower than for the exploratory blocks offered in July, which generated little interest given the weak price environment for oil and gas. The Finance Ministry said the minimum bids for five groups of shallow-water fields guarantee a fair share of profits for the government while keeping the energy sector competitive for private capital. The ministry said the government’s overall take of the oil profits, after royalties and taxes, will be more than half. Industry analysts said the government is taking the right steps to make this month’s auction more successful than July’s. Oil regulators had already made some changes to the contract terms for the September auction to generate greater interest. “I think a very important thing to notice here is that the government is willing to show flexibility going […]