Mexico—zero to hero
A string of successful auctions has set the stage for an exploration boom in Mexican waters
Mexico's energy reforms are opening vast areas of the country to explorers, and if early results are any guide it may prove to be fertile hunting grounds. The first post-reform exploration well in Mexico was a blockbuster. A consortium led by Gulf of Mexico specialist Talos Energy found as much as 2bn barrels in place at its shallow-water Zama-1 well in a lightly explored area of the Sureste Basin. It is likely one of the three largest offshore discoveries in the world over the past five years, comparable to ExxonMobil's Liza find off Guyana's coast. Unlike Guyana and other frontier areas, however, Zama is near shore in a country with an already developed oil and gas infrastructure, reducing
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
