Recent oil and gas finds in the Caribbean Sea—Guyana, Suriname, and Trinidad and Tobago—are encouraging producers to expand the exploration and development area in the region.
Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.
Hopes are for Latin American oil production to rise in 2021 to average about 7.65 MMbbl/d as upstream revenues climb, according to analysts.
Mexican Energy Minister Rocio Nahle said on Oct. 26 so-called farm-outs, or joint ventures, could be done with state oil firm Pemex if feasible projects are put forward.
The letter argued that reports showed Mexican President Andres Manuel Lopez Obrador is providing preferential regulatory treatment for state oil firm Pemex and delaying or canceling permits for U.S. energy companies.
Drilled to a total depth of 10,039 ft by Well Services Petroleum Ltd. Rig #80 to test a formation south of the Cascadura gas discovery, the well hit a total of about 589 net ft of pay.
Here’s a snapshot of recent energy deals including the sale of Blue Mountain Midstream and its assets in Oklahoma’s Merge/SCOOP/STACK play by Riviera Resources in a $111 million cash transaction.
Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.
In July, private and foreign oil companies produced some 57,000 bbl/d in Mexico, up 45% year-on-year, according to government data. Pemex production in July stood at 1.55 million bbl/d, a record low.
Recording zero rejects and zero re-makeups, the first running of TenarisHydril EasyDock connector was carried out successfully in Mexican shallow waters in the Gulf of Mexico.