Mexico
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The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. -
Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter.
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Thai energy company PTT Exploration and Production announced two deepwater oil discoveries in the Salina Basin, offshore Mexico.
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Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
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The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. Brazil leads in savings.
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McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.
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Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.
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LNG project in Mexico moves closer to FID in 2021.
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The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.
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Mexican President Andrés Manuel López Obrador is prioritizing investment in Pemex over foreign participation as a means to boost the country’s shrinking oil output.
