WorldOil As oil prices rise, global majors eye Mexico's deep waters As the price of oil rises, an international rush is on for Mexico’s untapped deepwater riches. Mexico announces biggest onshore oil discovery in 15 years Petroleos Mexicanos announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies, bolstering the nation’s efforts to revive its oil industry. Mexico outlay jumps 21% to $1.25 billion for biggest oil hedge Mexico spent about 24 billion pesos ($1.25 billion) to lock in prices of oil exports for next year, or more than 21% what it paid to hedge crude a year ago, according to Finance Ministry data. Could Mexico be the next Panama Canal for gas? Drillers think so Since the first shale gas export terminal opened in Louisiana last year, America’s drillers have seen at least 75 cargoes of their fuel sail through the Panama Canal bound for markets in Asia. Fugro awarded contract with Pemex for marine site investigation in Mexico Fugro, in conjunction with long-time associates, Constructora Subacuática Diavaz, S.A. de C.V., has been awarded a large survey contract by Mexico's national oil company, Pemex. Mexico says world's largest oil hedge has been completed Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an interview. BHP Billiton seen gearing up to start drilling for oil in Mexico's deep waters BHP Billiton Ltd. is getting closer to drilling its first oil wells in Mexico’s deep waters. Eni successfully drills well offshore Mexico, upgrades resource potential to 1.4 Bboe Eni successfully drilled the Miztón-2 well, in the shallow waters of Campeche bay, offshore Mexico, boosting the estimates of the resource in place for Contractual Area 1 to over 1.4 Bboe. InterMoor moors first non-Pemex rig off Mexico’s coast InterMoor, a leading provider of mooring services, foundation solutions, and offshore installations in subsea services group Acteon, has moored the first privately-operated rig in Mexico’s offshore waters since 1938. BP supplies natural gas to Mexico under energy reform measures BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 MMBtu a day of natural gas to Mexico, making BP one of the first private companies to supply natural gas to the domestic market under the country’s energy reform measures.