Oil’s big hitters ready to dive into Mexico’s deep waters
If you’re a super-major oil explorer, Mexico says it’s got a bargain for you.
Mexico
Mexico desperate to lure oil investment before election
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
Global opportunities on show at Subsea Expo 2018
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Petrofac converts contact into block interest
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
Tender for Mexican oil marketer falls flat, report says
An auction to become the marketer for Mexico’s share of oil and gas extracted under new contracts has fallen flat, a news report said. The National Hydrocarbons Commission said no bids were received by yesterday’s deadline, Reuters reported. A new tender process will be launched in the coming days, it said.
Harvey fallout exposes Mexico’s reliance on US natural gas
Hurricane Harvey’s crushing blow to the U.S. energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbor.
Petrofac sells Mexico contract to Schlumberger
UK-based energy service firm Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.
Mexico harvesting cactae for renewable energy
A Mexican green energy start-up is harnessing the unused parts of the prickly pear cactus to create biomass.
Vista raises $650m through Mexican share placing
Mexico’s Vista Oil & Gas has raised $650million through a share placing, a news report said. Vista, an energy investment firm, became the country’s first publicly traded oil firm by floating on the country’s stock exchange, Reuters reported. The company is backed by private-equity firm Riverstone Capital.
US splitting from 60-year trend to become net exporter of gas
The US was a net exporter of natural gas in three of the first five months of 2017, bucking a trend which has lasted more than half a century, a new report said.
Premier Oil firms up estimate for giant discovery off Mexico
Premier Oil today confirmed the 1billion barrel estimate for a giant discovery offshore Mexico.
Court gives Premier Oil all clear for restructuring
A court has approved North Sea operator Premier Oil's debt restructuring plans.
Mexico delays next oil auction to let huge new find sink in
Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.
Billion-barrel Mexico find could spur rush on next oil auctions
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.
Talos Energy: Who is the Mexican mega-well’s operator?
The discovery of a new 1billion barrel field in the Gulf of Mexico caused a ripple in the oil sector yesterday.
Updated: Premier Oil and Talos make one billion barrel oil discovery
Premier Oil this morning said it had made a "world class" oil discovery.
Maersk Supply Service enters Mexican market with Blue Marine
Subtec, a Blue Marine Group subsidiary, and Maersk Supply Service have agreed a long-term contract, entering Maersk to the Mexican market for the first time.
Cairn swoops for stakes in two Gulf of Mexico licences
Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico.
Eni the big winner in Mexican offshore round
Eni was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.
Killer refinery fires no help as Pemex seeks new partners
Fatal fires at two Pemex refineries over the past four months have come at a bad time.
Mexico oil reform advances with first private well in 80 years; And it’s from the UK
For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.
Premier Oil spuds well from first Mexican international awards round
Premier Oil has spudded its Zama-1 exploration well offshore Mexico - the first exploration well to be drilled on acreage awarded in the country's inaugural international licencing round in 2015.
Mexico oil exports up 56% in first quarter of 2017
Mexico’s oil exports went up by 56% in the first quarter of 2017, according to Dallas’s Federal Reserve Bank.
Clyde & Co opens Mexico office after merger
Global law firm Clyde & Co has opened its first office in Mexico following a merger with a firm in Latin America.
Mexico seeks new home for its oil as Gulf Coast turns to Canada
Shipments of crude to the U.S. from Mexico fell to a new low last week, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June 2010.