Pemex does not have much experience in deepwater ventures. Its flagship ultradeepwater oil project Trion, being developed along with Woodside Energy, is still pending the final investment decision.
Legal, security and infrastructure hurdles stall oil and gas progress offshore East Africa.
Israel and Lebanon anticipate signing an agreement to set an important maritime border on Oct. 27.
India's 26 offered blocks include 15 ultra deepwater, eight shallow water and three onland blocks covering a total of 223,000 sq km.
Lebanon and Israel's new maritime deal sets a boarder between the two countries' waters while allowing both to receive royalties from an offshore gas field that cuts through the boarder.
Talos Energy’s acquisition of private operator EnVen Energy grows Talos’ deepwater Gulf of Mexico footprint with the company anticipating subsea tieback opportunities.
Equinor establishes ambitious low-carbon goals for its deepwater Bay du Nord development in Atlantic Canada offshore Newfoundland.
Guyana is unsure how to distribute oil properties outside of Exxon Mobil's blocks and postponed a possible auction, according to source close to the matter.
Bonga crude oil stream was due to load 31,000 bbl/d in October, down from 95,000 the previous month, according to a preliminary export program seen by traders.
Mexico’s president, Andres Manuel Lopez Obrador, has sought to champion state companies and keep private investors on the sidelines, an agenda complicated by Pemex’s lack of capital and huge debts.