Out of the shadows: expectations are high for when new deep-water exploration off Mexico begins
Mexico sets new deep-water pace
Interest in the North American offshore continues, with Mexican deep-water opportunities expected to star
Mexico's last deep-water offering in January, before July's presidential election, saw the government award 19 out of 29 contracts on offer in three deep offshore areas. Of those, nine went to Shell, either alone or in partnership with other bidders. The total prospective investment under the tender neared $100bn, as modifications to the tender terms made the round the most successful to date. "We've seen more pragmatism in the Mexico leasing process," says Julie Wilson, head of global exploration research at consultancy Wood Mackenzie in Houston. This, she adds, is in line with similarly increased flexibility from Latin America's other large rising oil producer, Brazil. It remains to be see
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
