Premier Oil posted a strong half year result, after confirming its one billion barrel find with Talos Energy.
A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors as it lacks the wherewithal to reverse years of sagging output.
Enterprise Products Partners has sold their offshore Gulf of Mexico pipelines and services business to Genesis Energy in a $1.5billion deal. The transaction is expected to close during the third quarter of this year. The company’s assets in the region include ownership interest in nine crude oil pipeline systems and interest in six offshore hub platforms.