Tag Archives: Mexico

Eni Makes Oil Discovery Offshore Mexico

Italian oil and gas major Eni SpA on Friday said it had discovered oil in the Sureste Basin offshore Mexico in a prospect that could contain around 200 million barrels of oil in place. The discovery was made on the Yatzil exploration prospect in Block 7, which is located in …

Read More »

Soaring LNG Demand Creates Traffic Jam at Gulf of Mexico Ports

Close to a record number of liquefied natural gas tankers are crowding Gulf Coast export terminals as U.S. exports of the superchilled fuels run at record rates. Reuters reported that Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand, especially from Europe, which is currently trying to …

Read More »

Russian Oil Company Starts New Oil Drilling in Mexico

Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …

Read More »