The Gulf of Mexico oil and natural gas auction held Wednesday attracted two high bids for more than $20 million and four others for $10 million-plus, a sure sign that the energy industry is suiting up for a dive back into the offshore.
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Articles from Gulf Of Mexico
With Pascagoula NatGas Plant Closed, Offshore Producers, Pipelines Attempting to Adjust
Offshore natural gas producers in the Gulf of Mexico that rely on the Destin Pipeline to transport supplies to the U.S. onshore were looking for alternative routes following an explosion that shuttered Enterprise Products Partners LP’s Pascagoula gas processing plant in Mississippi.
Mexico’s President Proposes More Private Energy Investment
In a nation where citizens’ national identity is tied to the state-owned oil and natural gas industry, and past high-profile efforts to inject more global private-sector investment have withered, Mexican President Enrique Pena Nieto on Monday proposed opening the nation to more shared private-sector energy investment.