“What’s the country code for Australia?” Pemex Chief Executive Office Jose Antonio Gonzalez Anaya asks the six people in his 44th-floor office in Mexico City on Monday afternoon. “Is it 61? This might be our new partner calling.” It is. Andrew Mackenzie, CEO of Melbourne-based BHP Billiton Ltd., was phoning after beating a rival bid to become Petroleos Mexicanos’ first-ever... Continue Reading →

Mexico’s first competitive deep-water oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies. The National Hydrocarbons Commission awarded all four blocks in the oil-rich Perdido Basin, where the geology is said to mirror the U.S. side of the Gulf of Mexico, to companies including Total SA, CNOOC... Continue Reading →

Mon Dec 5, 2016  Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 square mile (2,573.2 square km) block which... Continue Reading →

Dec 5, 2016 Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry says contains some 1.852 billion barrels... Continue Reading →

Dec 5/Reuters Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its light oil Trion field, less than... Continue Reading →