Mexico sets new deep-water pace
Interest in the North American offshore continues, with Mexican deep-water opportunities expected to star
Mexico's last deep-water offering in January, before July's presidential election, saw the government award 19 out of 29 contracts on offer in three deep offshore areas. Of those, nine went to Shell, either alone or in partnership with other bidders. The total prospective investment under the tender neared $100bn, as modifications to the tender terms made the round the most successful to date. "We've seen more pragmatism in the Mexico leasing process," says Julie Wilson, head of global exploration research at consultancy Wood Mackenzie in Houston. This, she adds, is in line with similarly increased flexibility from Latin America's other large rising oil producer, Brazil. It remains to be see
Also in this section
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive