BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil…
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company.The 2019…
Mexico’s state-owned firm Pemex has canceled its tender for the Nobilis-Maximino farm-out that was scheduled to coincide with the country’s next deepwater round (2.4) in January. Juan Carlos Zepeda, president commissioner…
Carlos Alberto Trevino Medina, Pemex's corporate director of administration and services, will succeed Jose Antonio Gonzalez Anaya as CEO of the company, Mexican President Enrique Pena Nieto announced on 27 November. Pemex's…
Trilateral cooperation between the US, Canada, and Mexico is needed, says US Energy Secretary Rick Perry. Rick Perry. Photos from OE Staff. Perry was speaking at the University of Houston’s…
Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP…
Petróleos Mexicanos (Pemex) did not receive any offers to partner up for its shallow water Ayin-Batsil area in the Gulf of Mexico in a live auction held by the country’s National Hydrocarbon Commission (CNH) this morning (4 October). Ayin-Batsil…
Mexico's Petróleos Mexicanos (Pemex) is seeking a partner for its Nobilis-Maximino deepwater area in the Gulf of Mexico, following the company's strategy to take advantage of the Energy Reform. Map of Nobilis-Maximino…
Mexico’s energy reform efforts have been realized with recent successes from prior bid rounds. Now, Mexican national Pemex has added a steady schedule of farm-outs in shallow and deep water. Audrey Leon surveys the plays on the agenda. Juan…
Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio González Anaya said at the Mexican Petroleum Congress 2017 yesterday (8 June). González…
Deepwater is ready for a comeback. Operators at this year’s Offshore Technology Conference sang the praises of a new below US$50/bbl world. Audrey Leon reports. Image of Mad Dog in 2013. Image from BP…
Audrey Leon chats with Statoil’s Helge Hove Haldorsen about the positive results emerging from Mexico’s energy reform, how it compares to Statoil’s own experience as a state-owned operation, and its overall strategy in the Mexican Gulf. Helge…
BHP Billiton spudded the Wildling-2 ultra deepwater well in the Gulf of Mexico earlier this month, and plans to spud the nearby Scimitar wildcat in September. Image from BHP. The…
Chevron and Inpex will make their entry into the Mexican Gulf of Mexico, following an agreement signed between the US supermajor, Japanese giant, and Mexico’s Petróleos Mexicanos (Pemex), for the exploration of Block 3 North in the Perdido Fold Belt…
Pemex’s CEO José Antonio González Anaya shared his reflections on his first year in the state-owned firm’s top job at this year’s CERAWeek by IHS Markit, saying that some of his policies and attempts to reduce Pemex’s serious debt have not made him a popular person…
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