Mexico ///

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.

China's Cnooc in search of partner to develop Mexico's deepwater prospects

Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.

Mexico seeks to add energy reform to Nafta, negotiators said to tackle labor and rules of origin

Officials from the U.S., Canada and Mexico will start to tackle some of the tougher issues in the North American Free Trade Agreement as they discuss labor, dispute resolution and rules of origin for products at a negotiating session in Mexico City, according to two people familiar with the schedule.

Harvey's wrath lays bare Mexico's U.S. natural gas addiction

Hurricane Harvey’s crushing blow to the U.S. energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbor.

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.