Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d — near the top of guidance.
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Petroleos Mexicanos (Pemex) plans to drill a test well later this year for the offshore Zama reservoir, a private sector-led discovery that may overlap with a neighboring block controlled by the state oil company.
In a world were unconventional production has become the market mover, natural gas production is making strides in the offshore, growing by almost 30% in the past decade to more than 1,000 bcm/year (35,314 Bcf), according to the International Energy Agency (IEA).
Landmark offshore drilling safety rules put in place following the tragic Macondo well blowout in 2010 may be rolled back by the Trump administration.
The first foreign operators to win acreage in Mexico’s deepwater oil and natural gas regions are gearing up to start drilling, even as various political uncertainties cloud the outlook for the local energy sector.
A unit of Royal Dutch Shell plc said Tuesday it is pulling the trigger to invest in Vito, a deepwater development in the Gulf of Mexico (GOM) that it estimates has a forward-looking, breakeven price of less than $35/bbl.
As oil and gas operators become “leaner and meaner,” they are reducing the size of projects and their costs, with a number of big investment decisions on the horizon, according to Wood Mackenzie.
Houston-based W&T Offshore Inc. has added to its Gulf of Mexico (GOM) portfolio after claiming stakes in three blocks producing for the deepwater Heidelberg development operated by Anadarko Petroleum Corp.
The Mexican upstream regulator has called off what would have been thesecond deepwater farmout by Petroleos Mexicanos (Pemex) because of a lack of interest, while also authorizing the state-owned producer to carry out additional exploration work on the project.
The Mexican government has set the final fiscal terms for next year’s auctions of deepwater oil and natural gas assets in the Gulf of Mexico (GOM).