A consortium led by Talos Energy and Premier Oil has given up a Mexican oil contract in the Gulf of Mexico’s shallow waters due to lack of commercial discovery, three sources with knowledge of the matter told Reuters on Oct. 2.
The return of the block was expected to be announced by the country’s oil regulator later that day.
The consortium in 2015 was awarded a contract to explore the block, area 2 of Mexico’s first shallow water round.
Recommended Reading
Energy Transition in Motion (Week of Aug. 2, 2024)
2024-08-02 - Here is a look at some of this week’s renewable energy news, including an update on one of the largest offshore wind projects being developed in the U.S.
Energy Transition in Motion (Week of July 19, 2024)
2024-07-19 - Here is a look at some of this week’s renewable energy news, including the launch of the California hydrogen hub.
Energy Transition in Motion (Week of July 12, 2024)
2024-07-12 - Here is a look at some of this week’s renewable energy news.
Energy Transition in Motion (Week of June 28, 2024)
2024-06-28 - Here is a look at some of this week’s renewable energy news, including plans for another offshore wind energy lease sale.
Energy Transition in Motion (Week of June 21, 2024)
2024-06-21 - Here is a look at some of this week’s renewable energy news, including record-setting first quarter energy storage capacity in the U.S.