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Letter from South America: Mexico plays catch-up
The country’s upstream strategy seems at odds with reality and will require an about-turn if there is any hope of meeting its production targets
Pemex running out of time
The state-controlled heavyweight may miss its 2021 upstream target despite downgrading original guidance
Hurricane season tests Gulf of Mexico
The region has mostly avoided devastating violent storms over the past decade, but 2020 may have been a turning point
Pemex fire scorches upstream ambitions
Hopes that national crude production will eclipse pre-pandemic levels look distant after platform blaze in the Gulf of Mexico
Shell greenlights Whale venture
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Talos exceeds production plans
Gulf of Mexico-focused operator sees output soar as it lines up further exploration
Talos loses out on Zama operatorship
Mexican authorities rule in favour of NOC Pemex, raising doubts about the speed to first oil
Gulf of Mexico production packs a punch
New projects are steadily making progress, but there is still the long-term uncertainty of a permanent federal lease ban
Gulf of Mexico set to gather momentum
Buoyed by stronger oil prices and demand recovery, the region has plenty of projects on the roster
Letter from the US: offshore gets that sinking feeling
Low-carbon ambitions could jeopardise national energy security if drilling moratorium proves permanent
Out of the shadows: expectations are high for when new deep-water exploration off Mexico begins
Gulf of Mexico Mexico Deep water
Bill Barnes
Bill Barnes
30 August 2018
Follow @PetroleumEcon
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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

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