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Sustained global recovery in land drilling forecast by Westwood Global Energy Group

The recovery in the global land drilling market, led by North America, is being sustained, according to first half figures from Westwood Global Energy Group, energy market research consultancy firm. The drive, both in the U.S. and internationally, for drilling wells with longer laterals and on multi-well pads, is creating demand for high-horsepower, modern rigs that can minimize time between each well.

Petrofac sells stake in Pánuco contract to Schlumberger

Petrofac and Schlumberger announced that Petrofac has sold its 50% interest in Petro-SPM Integrated Services S.A. to Schlumberger.

ION announces second 3D multi-client reimaging program offshore Mexico

ION Geophysical Corporation has announced a new 3D multi-client broadband reimaging program offshore the Western Gulf of Mexico, using the Mexican National Hydrocarbons Commission (CNH) data library.

Petronas awarded shallow water block in Mexico's Salina basin

Petronas’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina basin.

Talos Energy completes drilling of Zama-1 exploration well, offshore Mexico

Talos Energy LLC, as operator, together with its joint venture partners Sierra Oil and Gas S. de R.L de C.V. and Premier Oil Plc, has announced that the Zama-1 exploration well, offshore Mexico, has completed drilling operations, reaching a TD of 13,480 ft (4,109 m). Zama-1 is the first offshore exploration well to be drilled by the private sector in Mexico.

Premier Oil provides drilling operations update

Premier Oil has provided the following update on drilling operations in the North Sea, Mexico and Indonesia.

Mexico's Pemex says $5-billion bond deal covers needs through 2018

Mexico's national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.

Mexico sets a date for deepwater oil, gas tenders

Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions for deepwater oil and gas tenders in the Gulf of Mexico.

Mexico delays next oil auction, letting huge new find sink in

Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.

Bbbl offshore Mexico find could spur rush on next lease auctions

A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors.

Eni boosts resource estimate at Amoca field to 1 Bboe

Eni has successfully drilled and tested the Amoca-3 well in the shallow waters of Campeche bay, in offshore Mexico. It has proven the presence of multiple significant oil levels in the Orca and Cinco Presidentes Formations.

Talos Energy reports significant discovery offshore Mexico

Talos Energy announced that the Zama-1 exploration well, offshore Mexico, has discovered oil.

Maersk Supply Service lands major contract in Mexico

Maersk Supply Service has secured a long-term contract with Subtec S.A de C.V. of Mexico, a subsidiary of Blue Marine Group, for one of its Stingray new-building vessels.

Trump's road to energy dominance starts with tiny Texas pipeline

What does energy dominance look like? A little like a 46-mi pipeline trickling modest volumes of gasoline and diesel into Mexico.

Perry seeks energy pact with Mexico, Canada as Nafta talks near

The U.S. has a unique opportunity to develop a "North American energy strategy" with Canada and Mexico, Energy Secretary Rick Perry said, striking a conciliatory tone with the other members of the North American Free Trade Agreement.

Cairn Energy secures interest in two licences offshore Mexico

Cairn has announced that it has secured interests in two licences in the Mexico offshore bid round.

Eni wins big in Mexico's auction of shallow-water prospects

Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.

Schlumberger, Seitel partner in new 2D multi-client reimaging program onshore Mexico

Schlumberger and Seitel today announced a strategic multi-client alliance to reimage and acquire new geophysical data in key areas across onshore Mexico.

Mexico said to take first steps in annual oil hedging program

Mexico has taken the first step in its annual oil hedging program, asking Wall Street banks for price quotes on the put options it buys to lock in prices for the following year, according to people familiar with the matter.

Pemex to speed up association strategy to increase crude output

Pemex will accelerate the establishment of farm-out arrangements and strategic associations across its business lines in order to increase production of both crude and petroliferous protects, and to bring reserves into production and gain access to the latest t