Deepwater

Mexico’s Oil, NatGas Auction Round 3.1 Features 35 Shallow Water Blocks

Mexico’s Oil, NatGas Auction Round 3.1 Features 35 Shallow Water Blocks

Mexico’s upstream hydrocarbons regulator on Thursday authorized a new auction for shallow water natural gas and oil exploration and production (E&P) leases, while also dropping a block from its ongoing deepwater round.

October 2, 2017

Chevron, Total Team on Seven Prospects in Deepwater GOM

Big Oil companies Chevron Corp. and Total SA have agreed to partner to explore seven prospects covering 16 blocks in U.S. deepwater of the Gulf of Mexico (GOM).

September 25, 2017
U.S. Onshore Rig Counts Stable, But GOM Drops Seven

U.S. Onshore Rig Counts Stable, But GOM Drops Seven

Driven by declines in the offshore Gulf of Mexico (GOM), the United States dropped four rigs during the week ended Aug. 4, according to data released by Baker Hughes Inc. (BHI).

August 4, 2017
Mexico’s Delayed 2.4 Deepwater Oil, Gas Auction ‘Very Positive Sign’

Mexico’s Delayed 2.4 Deepwater Oil, Gas Auction ‘Very Positive Sign’

Mexico plans to offer 30 blocks for deepwater exploration in the fourth auction of the Round 2 series in what one analyst said was “an all-out effort” by the nation’s energy authorities to follow up on recent upstream auction successes as part of the 2013 energy reform.

July 24, 2017

Upstream Global FIDs Tracking Double Time from 2016, Says Wood Mackenzie

Final investment decisions (FID) within the global upstream sector are on pace to double from 2016, marking a positive turning point for the long-depressed oil and natural gas markets.

July 21, 2017
Pemex Eyeing International Collaboration for Mexico E&P Farm-Outs

Pemex Eyeing International Collaboration for Mexico E&P Farm-Outs

When Brazil’s energy industry was reformed more than a decade ago, state oil company Petroleo Brasileiro SA, aka Petrobras, raised $70 billion through an initial public offering (IPO) amid a buying frenzy in the Sao Paulo stock exchange. Mexico’s state-owned Petroleos Mexicano (Pemex) had no such luck in the country’s oil and gas reform, but the company has no plans to go it alone.

July 20, 2017
E&Ps Trained on Value Creation, Efficiencies Heading Out of Downturn, Says Wood Mackenzie

E&Ps Trained on Value Creation, Efficiencies Heading Out of Downturn, Says Wood Mackenzie

Oil and natural gas exploration companies plan to keep the focus on low-cost opportunities this year, with an emphasis on creating value, capital efficiency and returns on investments, according to Wood Mackenzie Ltd.

June 29, 2017

BP, Reliance Natural Gas Project Offshore India to Reduce LNG Dependence

BP plc and Reliance Industries Ltd. on Thursday said they plan to bring 1 Bcf/d of natural gas capacity onstream between 2020 and 2022 from three deepwater gas fields offshore India that hold an estimated 3 Tcf of discoverable resource.

June 16, 2017
Anadarko’s Permian Ramping at Fast Clip, While DJ Facing Regulatory Scrutiny

Anadarko’s Permian Ramping at Fast Clip, While DJ Facing Regulatory Scrutiny

The Permian Basin’s Delaware play gave a solid assist to Anadarko Petroleum Corp. volumes in the first quarter, but new regulatory scrutiny in its other big onshore play, the Denver-Julesburg Basin in Colorado, weighed on investor sentiment Wednesday.

May 3, 2017
Deepwater More ‘Gas-Centric,’ Moving to Compete Price-Wise With U.S. Tight Oil

Deepwater More ‘Gas-Centric,’ Moving to Compete Price-Wise With U.S. Tight Oil

A leaner and more cost competitive industry in the deepwater has emerged as the energy industry gets back to work, with the most compelling projects worldwide closer to competing with U.S. tight oil plays, according to Wood Mackenzie.

March 30, 2017
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