Deepwater

BHP, Pemex Push Ahead with Mexico Deepwater Project

BHP, Pemex Push Ahead with Mexico Deepwater Project

With Gulf of Mexico (GOM) activity accelerating throughout both U.S. and Mexico waters, Australia’s BHP has given its stamp of approval to spend $258 million to advance the front-end engineering design phase for the Trion project in Mexico’s deepwater. Studies would be centered on completing engineering and commercial arrangements toward potentially sanctioning the project by…

August 11, 2021
Eni’s Gusher in Mexico’s GOM Waters Said Sign of Remaining Untapped Potential

Eni’s Gusher in Mexico’s GOM Waters Said Sign of Remaining Untapped Potential

Italy’s Eni SpA has announced another deepwater find in the Sureste Basin in southeastern Mexico’s Gulf of Mexico (GOM), with preliminary estimates indicating 150-200 million boe in place. The estimated resources “reflect that there’s still untapped potential to be brought to market,” Amexhi head Merlin Cochran told NGI’s Mexico GPI. Amexhi is a Mexico private…

August 3, 2021
Deepwater Oil Find Said Sign of Existing Opportunities in U.S. Gulf of Mexico

Deepwater Oil Find Said Sign of Existing Opportunities in U.S. Gulf of Mexico

BP plc said it has struck oil at the Puma West prospect offshore Louisiana near its Mad Dog platform in the deepwater Gulf of Mexico (GOM).  The well in Green Canyon Block 821 was drilled by BP, operator and owner of the block, on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy Inc., each…

April 19, 2021
Private Sector Oil, Gas Producers Still See ‘Promise’ in Mexico Hydrocarbons

Private Sector Oil, Gas Producers Still See ‘Promise’ in Mexico Hydrocarbons

Despite the anti-competitive atmosphere that has pervaded the government of Mexico President Andrés Manuel López Obrador, private sector upstream operators that jumped at the chance to enter the country as part of its energy reform continue to show results and tout the potential of Mexico’s oil and gas resources. Last week during a conference call…

November 3, 2020
In Midst of Coronavirus Crisis, Brazil Deepwater Leading Way in Cost-Cutting

In Midst of Coronavirus Crisis, Brazil Deepwater Leading Way in Cost-Cutting

South America, driven by Brazil and its vast offshore pre-salt development, has seen deepwater operational expenditure (opex) drop more than any other region this year, according to Rystad Energy. In deepwater, South America is dominated by Brazil. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of South America’s deepwater opex in…

August 20, 2020
Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

A strengthened outlook for natural gas pricing in 2021 has made the development of natural gas fields in Mexico a more attractive proposition, according to Juan Carlos Zepeda, former head of upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH). In a podcast interview with NGI, Zepeda highlighted the central and growing role of…

July 13, 2020

BHP Billiton High Bidder in GOM Lease Sale, but Auction Draws Little Interest Overall

Oil and natural gas prospects in the Gulf of Mexico (GOM) drew bids from 22 operators Wednesday in the latest federal lease sale, with deepwater blocks pulling the most interest.

March 18, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020
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