Zama News

Mexico Picks Pemex to Run Giant Zama Discovery. Talos Says Will Explore All Legal Options

Jul 06, 2021

Mexico chose state-owned Pemex to run a major shared oil find over the private consortium led by a U.S. oil company that first discovered it, in the latest win for President Andres Manuel Lopez Obrador's nationalistic energy policies.The disputed deposit…

Talos Best Positioned to Lead Zama Field Development, CEO Says

May 21, 2021

U.S.-based oil company Talos Energy, working on a unitization agreement for the giant Zama offshore oil discovery in Mexico with the Mexican oil company Pemex, hopes the final solution will see the company lead the development of the field as the operator…

Mexican Regulator to Decide on Zama Field Unitization

Mar 26, 2021

Following reports Thursday that the U.S. oil firm Talos and Mexico's Pemex have not managed to reach a deal on how to share the giant Zama field found by Talos in 2017, the confirmation came Friday from Talos.Talos Energy said that the unitization…

Report: Talos, Pemex Yet to Reach Deal on Giant Offshore Oil Discovery

Mar 26, 2021

No deal has yet been reached on the future of a lucrative shared oil deposit as a deadline expired on Thursday, but Mexican state-run Pemex and Talos Energy will keep talking, three sources with direct knowledge of the matter told Reuters.How…

Talos Energy, Pemex Continue Talks over Zama Offshore Discovery

Dec 23, 2020

Mexico's energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc over the future of a massive shared crude deposit, Talos chief executive Tim Duncan told Reuters on Tuesday…

Premier Oil Cuts 2020 Output Forecast Due to Issues at Catcher Field

Nov 12, 2020

Premier Oil cut its 2020 production outlook to 61,000-64,000 barrels of oil equivalent per day from a previously forecast 65,000-70,000 on Thursday, due to problems at its Catcher field.The company also said it plans to issue a prospectus in…

Mexico: Pemex, Hokchi in Talks Over Shared Offshore Reservoir

Sep 03, 2020

Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday.The ministry said Pemex…

Talos CEO Becomes Vice-Chairman of U.S. Offshore Industry Body NOIA

Jul 30, 2020

Tim Duncan, CEO of Talos, an oil and gas company focused on exploration and production in the Gulf of Mexico, has been appointed Vice Chairman of the U.S. National Ocean Industries Association (NOIA).Duncan will join NOIA Chairman and Halliburton…

Talos, Pemex Told to Seek Deal on Shared Offshore Oil Discovery

Jul 09, 2020

Mexico's state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday…

Talos: Cost Cuts to Allow for Cashflow Generation in Mid-$20s a Barrel

Mar 23, 2020

Talos Energy, a U.S. oil company focused on the U.S. and the Mexican side of the Gulf of Mexico, has announced further cost cuts, inclusive of $170.0 million of reductions in capital, operating and G&A expenses. The company said Monday it would…

Premier Oil Targets Carbon Neutral Operations by 2030

Mar 05, 2020

British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…

Pemex Signs Contracts for New Oil Projects

Feb 18, 2020

Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO…

Mexico: Regulator to Decide in Talos, Pemex Standoff over Zama

Feb 13, 2020

The dispute over who will run operations for a major offshore oil discovery in Mexico could eventually come down to the technical opinion of the country's independent oil regulator, according to one of the body's commissioners. Closed-door talks…

Pemex Pushes for State Control Over Zama

Jan 29, 2020

Mexico's state oil company, Petroleos Mexicanos, wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets under way, its top official said on Wednesday.Pemex Chief Executive…

CaribX Ups Stake in Cape Licence Off Honduras

Jan 28, 2020

The Central American and Caribbean specialist exploration company CaribX said that it is increasing its share of the Main Cape Operating contract in Honduras.Following government approval CaribX will hold a 55% interest in the highly prospective licence area…

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