Mexico’s state-run oil company Pemex announced on Friday the discovery of an oil field that could generate 500 million barrels of crude, making it the country’s biggest oil find in over 30 years. Pemex first discovered the Quesqui field, a 3P reserve, in the Southeastern state...
Malaysian oil and gas firm Petronas has announced that its 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. Block 6, which covers an area of around 559km2 in water depths of between...
BHP Billiton (ASX:BHP) has signed a contract with Mexican state-owned firm PEMEX Exploration & Production Mexico (Pemex), which will advance work on the Trion discovery in the Gulf of Mexico. The Anglo-American company submitted a successful bid to work on the resource in December 2016, acquiring...
A number of the world’s largest oil companies have won bids to develop Mexico’s offshore oil deposits in a tender which could generate US$40 billion in investment. Oil giants such as Exxon Mobil, Chevron and China National Offshore Oil Corp all battled it out as eight...
A group major global oil firms have announced agreement to create a US$1 billion fund to reduce their climate change impact. Announced on the day the Paris climate change agreement came into force last week, the fund will focus on reducing leaks of natural gas, capturing...