Pemex has been appointed operator of Zama
Talos loses out on Zama operatorship
Mexican authorities rule in favour of NOC Pemex, raising doubts about the speed to first oil
Mexican state oil company Pemex has been appointed operator of the landmark Zama shallow-water discovery after the country’s energy secretariat, Sener, sided with the NOC over a consortium led by US independent Talos Energy in block seven. The result of the unitisation dispute had been heavily delayed by the pandemic, but an independent survey update in late May suggested the decision could swing Pemex’s way. The revised calculation pointed to a 49.6pc share of the reservoir for the block seven consortium, against 50.4pc for the Mexican NOC. “The problem is Pemex’s financial situation, whether it has the money to push first oil in the short term” Lopez Velarde, Ritch Mueller Before t
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
