A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday.A possible infrastructure investment plan from President Andres Manuel Lopez Obrador aimed at boosting Mexico's ailing economy has been the subject of recent discussions with key business lobbies…
Britain must be careful not to spook investors with its energy reforms, so it can continue attracting funds for its transition to a cleaner future, the CEO of renewables and networks company SSE said on Monday.Britain has a target to install up to 50 gigawatts (GW) of offshore wind capacity by 2030…
Exports of Mexico's newest crude are ramping up under Italy's Eni as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data…
Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.The…
Mexico's oil regulator approved on Friday a request by French oil company Total SA to give up its exploration and production rights to a deep water block in the southern Gulf of Mexico that the firm had won at auction in 2016.The regulator said…
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…
A consortium formed by Hokchi Energy, Talos Energy and Wintershall Dea has given up a Mexican oil contract in the Gulf of Mexico's shallow waters due to lack of commercial discovery, the country's oil regulator said on Wednesday.As part of Mexico's flagship energy reform…
Mexico's oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf of Mexico.The four-year exploration plan approved by the national hydrocarbons commission (CNH) covers a 700…
Mexico’s Energy Reform has sen its first concrete offshore result, with the installation of of Eni’s Miztón platform in the Gulf of Mexico.In March, the Sapura 3500 DP3 Heavy Lift Vessel (HLV) completed the installation under the Area 1 Production Sharing Contract (PSC)…
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday…
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…
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…
Talos Energy and partners Sierra Oil and Gas, and Premier Oil have made an estimated 1.4-2 billion bbl, 'world-class' light oil discovery at the Zama-1 exploration well, offshore Mexico. The find has been described as one of the 20 largest…
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…
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