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OPEC+ Oil Pact Hinges on Mexico Joining

Apr 10, 2020

Saudi Arabia's energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts.OPEC, Russia and other allies, a group known as OPEC+, outlined plans on Thursday to cut their oil output by more than a fifth, but said a final agreement was dependent on Mexico signing up to the pact after it balked at the production cuts it was asked to make…

PTTEP: Two New Oil Finds Offshore Mexico

May 04, 2020

Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico.The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and…

Sapura Installs Hokchi Satellite Platform in Mexico

Mar 13, 2020

Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development.In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside…

Current News

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

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Big Oil to Reap Billions from Energy Price Surge

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UAE Stands Ready to Join Force to Reopen Strait of Hormuz

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Asian Buyers Rush for Russian Oil Amid Supply Disruption

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Mubadala Energy Secures Southwest Andaman Exploration Block off Indonesia

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Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

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