Six weeks after Mexico’s Petroleos Mexicanos (Pemex) reported its first deepwater discovery in the Gulf of Mexico, the producer said it has struck another big gusher nearby.
Gusher
Articles from Gusher
Drumbeat Grows Louder for Natural Gas Vehicles
Natural gas industry stakeholders are turning up the volume on the clean transportation market as an increasingly realistic outlet for the gusher of gas that is emerging from North America’s burgeoning shale plays. This was made clear during the recent winter meetings of the National Association of Regulatory Utility Commissioners (NARUC) in Washington, DC.
Another Gusher Expected in 4Q, Year-End E&P Profits
The earnings season has officially kicked off, and the gusher of profits expected to be unveiled in 4Q2005 and year-end announcements by the majors and independents is expected to overwhelm any losses from last year’s hurricanes, industry experts said this week. On the pages detailing high profits, however, will be the challenges of finding new oil and natural gas, and the expectation by shareholders that the good times will continue to roll.