Gom

Storms and accidents have rocked Mexico’s natural gas market in recent weeks, with buyers now faced with the highest prices to date through the end of the year. Given the uncertainty over Hurricane Ida’s toll on U.S. Gulf of Mexico (GOM) natural gas supply and overall demand destruction, NGI’s September Bidweek National Avg. jumped 24.0…

Natural gas and oil production taken offline in the Gulf of Mexico (GOM) by Ida is not coming back as quickly as first advertised, federal officials said Thursday. Following major storms in the GOM, the Bureau of Safety and Environmental Enforcement (BSEE) compiles daily reports from operators. On Thursday, it was clear that something had…

Oil and natural gas companies scrambled on Monday to determine the extent of damage to refineries, pipelines and offshore platforms in the immediate aftermath of the former Hurricane Ida, which made landfall in Louisiana packing winds near 150 mph. Ida battered Louisiana Sunday night as a Category 4 hurricane, delivering storm surges and flooding rains.…

Ida came in like the major hurricane she was, temporarily reversing the course of the Mississippi River and shutting down nearly all of the natural gas and oil produced in the Gulf Mexico (GOM). The aftermath also is looking to be long and difficult as thousands of people may be without power into the fall.…

Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

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…

With Gulf of Mexico (GOM) activity accelerating, Australia’s BHP has given the green light to Shenzi North, a deepwater project it shares with Repsol SA. BHP earmarked $544 million in capital expenditures (capex) for the project. The operator took over as majority owner last year and holds a 72% stake. Repsol SA, with a 28%…

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…