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Page added on November 12, 2017

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Global Majors Eyeing Mexico’s Deep Waters

Production

As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches.

The who’s who of the oil world — led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value — are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is international in scope, drawing Chevron Corp. from the U.S., the U.K.’s BP Plc, Norway’s Statoil ASA, France’s Total SA, Australia’s BHP Billiton Ltd, Russia’s Lukoil PJSC and China’s Cnooc Ltd, among others.

The total: 25 registered to bid for 29 deep-water plots across the southern Gulf of Mexico, the nation’s regulator said Thursday. It shouldn’t be a surprise. The areas up for grabs are estimated to hold as much as 4.2 billion barrels of crude oil in untapped deep waters where 76 percent of Mexico’s prospective resources may lie, the energy ministry has said.

In the country’s first-ever deep water oil auction last year, eight of the 10 blocks auctioned were won by international crude majors. The stakes are higher for the Jan. 31 bid round, which aims to auction almost 3 times the amount of fields as last year.

At the same time, it arrives on the heels of two recent 1 billion barrel-plus discoveries in Mexico shallow waters this summer, and as the price of oil has risen. Brent crude, the global benchmark, has jumped from $44.43 a barrel in November 2016, to close at $63.93 on Thursday, a 44 percent rise.

Friday is the last day for companies to qualify to participate in the auction. Then the countdown will begin.

bloomberg



35 Comments on "Global Majors Eyeing Mexico’s Deep Waters"

  1. Duncan Idaho on Sun, 12th Nov 2017 8:38 pm 

    One of the last games in town.
    Elites fighting over the dregs—

  2. Go Speed Racer on Sun, 12th Nov 2017 9:27 pm 

    Once the polar ice cap is gone, should be some more oil to drill at the North pole.

  3. makati1 on Sun, 12th Nov 2017 9:32 pm 

    Duncan, it’s fun to watch isn’t it? So many 1%ers and their wannabees seeing their world implode. That too is the result of declining net energy. Go! Go! Go!

  4. Duncan Idaho on Sun, 12th Nov 2017 10:07 pm 

    “Duncan, it’s fun to watch isn’t it?”

    Endless fascination—-

  5. makati1 on Sun, 12th Nov 2017 10:23 pm 

    Along the same line…

    “Outrage Follows “Jaw-Droppingly Shocking” 1986 Prince Charles Letter Blaming Mid-East Problems On “Foreign Jews””

    http://www.zerohedge.com/news/2017-11-12/outrage-follows-jaw-droppingly-shocking-1986-prince-charles-letter-blaming-mid-east-

    I love the MSM Jew trying to deny that there is a Jewish Cabal. LMAO.

  6. MASTERMIND on Sun, 12th Nov 2017 10:48 pm 

    Madkat there you go again with your jew hatred and fake news zerohedge…You are pathetic. You are just jelly of the jews just like you are of me as well…You are an anti intellectual…And it shows…

  7. makati1 on Sun, 12th Nov 2017 11:12 pm 

    I never said I hated Jews, but I do blame them for the world we live in. They have a long history of meddling and greed. Hitler may have had the right idea, just used the wrong method to correct the situation. I would have shipped them ALL to the Middle East where they came from. They are all guilty by association.

    If I am tramping on your toes, too bad. I am just one of many millions who think the way I do. Maybe billions now, if they are honest.

  8. MASTERMIND on Sun, 12th Nov 2017 11:49 pm 

    These abandoned malls and golf courses reveal a new era for the American suburb – Yahoo News

    https://finance.yahoo.com/news/50-photos-show-american-suburbs-163151269.html?utm_content=bufferf1005&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

  9. makati1 on Sun, 12th Nov 2017 11:59 pm 

    Avoiding the subject because you have no reply MM? Typical. just like Davy. Run and hide when the shit does not go your way.

  10. Shortend on Mon, 13th Nov 2017 12:08 am 

    More FAKE news…

  11. MASTERMIND on Mon, 13th Nov 2017 12:19 am 

    Madkat: I am not scared of a conspiracy loon and anti Semite. And someone who belonged to a cult that wears magical underwear. LOL I don’t even know why you or almost all the commentators here come here. I am the only one it seems that accepts the truth about peak oil and has the peer reviewed references to prove it. I know more about peak oil and collapse then you know about anything in this whole wide world…The last laugh will be from me…

  12. makati1 on Mon, 13th Nov 2017 12:36 am 

    MM, I don’t give a damn what you think or your picture of me. One advantage of age is that you learn to ignore idiots and narrow minded people as not being important. Old people don’t give a damn about such things because they have experienced too many in their lives and know they are zeros. We don’t have to impress anyone or kiss some paycheck writer’s ass. True freedom is just that. You, living in the Us will NEVER experience it. Never.

    I don’t give a damn about peak oil or its collapse or even the price of oil. No one has control of the future, so why be concerned? Just be prepared for eventualities. I don’t care where the Stock Market Casino is or wither it is going up or down. But, I bet YOU do. You do not know real freedom, MM.

    I enjoy each day as it comes and I don’t worry about tomorrow. Each day is to be experienced. Life is taking chances. My sea captain ancestor left Austria in 1734 to experience life in the New World. I am just following his legacy by experiencing growing Asia. THAT is real freedom.

  13. Cloggie on Mon, 13th Nov 2017 2:44 am 

    I am the only one it seems that accepts the truth about peak oil and has the peer reviewed references to prove it. I know more about peak oil and collapse then you know about anything in this whole wide world…

    Excellent, on topic again. So please, in a few sentences, what according to you is the “truth about peak oil?” and please link to one or more of your “peer reviewed references”.

    Thanks in advance.

    The last laugh will be from me…

    OK, so you say that the world will be going under, while you laugh your lungs out. You’re a pretty weird character.

  14. Simon on Mon, 13th Nov 2017 3:14 am 

    Democracy, is simply mob rule, no more, no less, so all we are left with is bitching about how the mob gets to express its opinion.

    We all have limited control of the future, the more powerful a person, the more control.

  15. makati1 on Mon, 13th Nov 2017 3:49 am 

    Actually, Simon, I think ‘power’ has no influence on the future. The President cannot control global warming. He cannot control population growth. He cannot control even the Stock Market. No one can. Bill Gates, etc? Ditto.

    Power can give the illusion of control, but, what is “power”. Money? When the SHTF, many billionaires will be broke. Most poor people will hardly notice.

    Is the military power? The US cannot win a war if it tried, and it has for 70 years without sucess. All it can do is waste resources.

    Is fame power? Ask What’s-his-name that is being dragged thru the news over his use of power to sexually rape women or the child molester.

    Most of those “in power” will be dead in a few years. Death is no respecter of power.

    Real power is being able to live your life free of chains. To have privacy and to keep what you earn.

    The so called ‘powerful’ are chained to their faux ‘power’. They cannot have private lives or security and most cannot keep what they have ‘earned’ for long. They are subject to fate, the economy, markets, etc.. They cannot “take it with them”. Or so I see it that way.

  16. Cloggie on Mon, 13th Nov 2017 4:00 am 

    Democracy, is simply mob rule, no more, no less, so all we are left with is bitching about how the mob gets to express its opinion.

    We have no mob rule, we have oligarch rule. Democracy is a “dog and pony” show. Some left or right system certified candidate is pushed forward, a few meaningless slogans fabricated, like “social justice” for the left or “freedom” for the right.

    Real democracy can only exist with binding referendums with questions like these:

    – should we declare war on Vietnam?
    – should we open up America for mass immigration from the third world?
    – do you want multicult to replace our Christian society?

    The US public would have voted “no” in all three cases in referendums. Just like the French and Dutch voted “no” against the EU Constitution in referendums and got it anyway.

    But the commie oligarch One World western establishment decided “yes” in all three cases.

    Demockressy my foot. It doesn’t exist. Certainly not in the US/UK with its “winners take it all” system, effectively blocking newcomers.

    In continental Europe the situation is a little better because the threshold is lower and populist parties can break in, although they will be constantly demonized by the system media.

  17. Cloggie on Mon, 13th Nov 2017 4:38 am 

    OT – Oh the glory of Trump, Brexit and last but not least Macron: 23 European nations sign European Defense Pact today:

    http://www.reuters.com/article/us-eu-defence/eu-to-sign-defense-pact-may-allow-limited-british-role-idUSKBN1DD0PX?il=0

    Even Britain could play a limited role.

    Long blocked by Britain, which feared the creation of an EU army, defense integration was revived by France and Germany after Britons voted to leave the EU in June 2016.

    Once a hard Brexit will be a fact, as it likely will, this will increase the drive towards integration of EU defense forces.

    The next step should be a complete decoupling of US and EU defense industries. US stuff only in the US. EU stuff only in the EU.

  18. Davy on Mon, 13th Nov 2017 4:51 am 

    “I never said I hated Jews, but I do blame them for the world we live in.”
    Mad kat, you are a typical two faced bull shitter. You hate Jews with a passion and attack them whenever you can. It is an extremist thing you know it arouses passion and it is populist. You hate Jews and you know it but a part of you wants to maintain respect so at the same time you deny you hate them. This is typical extremist deflection tactic. Maybe this desire for respect comes from your years of being a Mormon priest. No wonder you are so warped.

  19. Davy on Mon, 13th Nov 2017 4:57 am 

    “I enjoy each day as it comes and I don’t worry about tomorrow. Each day is to be experienced. Life is taking chances. My sea captain ancestor left Austria in 1734 to experience life in the New World.”

    Geeze and a braggart too. This bragging makes mad kat the worst of the extremist. Now you are telling us you have a sea captain ancestor. That is a new one. Where did that pop out of? You enjoy each day of getting up and spreading hate and discontent. The internet has been so wonderful for you because you can spread it so easily. Imagine if you sat in a nursing home how many would listen to you. Better yet in a mental health facility is where I can picture you mad kat. You off in the corner howling in anger.

  20. Davy on Mon, 13th Nov 2017 5:01 am 

    “Long blocked by Britain, which feared the creation of an EU army, defense integration was revived by France and Germany after Britons voted to leave the EU in June 2016.”

    Dead on arrival. Show me current actions towards a Euro army. A macron speech does not count. He has not earned any respect yet.

  21. Cloggie on Mon, 13th Nov 2017 5:07 am 

    Dead on arrival.

    Show me why it is “dead on arrival”.

    Wishful thinking on your side. You want to control the world. In stead you will get your ass kicked. Go home.

  22. Davy on Mon, 13th Nov 2017 5:16 am 

    “Wishful thinking on your side. You want to control the world. In stead you will get your ass kicked. Go home.”

    I want us to be home. I am tired of bankrolling your security especially when you Eurotards are so rich. In your case I want not a single dollar spent on you. You are a rabid anti-American racist zealot. Mr. Nazi buck up and pay for your own security. You are always referencing how great you Nazi’s were. Show me the goods. “Wishful thinking”, dumb n Dutch, I asked you for links and references of a new effort to build a real Euro army. NOTHING, go climb back in your hole, troll.

  23. Cloggie on Mon, 13th Nov 2017 5:21 am 

    Just wrote a rebuttal but it is not shown. Down in the memory hole.

  24. Cloggie on Mon, 13th Nov 2017 5:22 am 

    Davy the intellectual lightweight, who always evades discussion when the going gets tough, opines with easy, neigh coward self-destroying PC:

    You hate Jews with a passion and attack them whenever you can.

    Interestingly Davy has admitted once or twice that he doesn’t like Jews either, but never says why.

    Why should you not attack them? What they did to the US and the world:

    – stole America’s purse (Fed) and have used it to corrupt US politics ever since

    – brought America into WW1 entirely for their tribal interest (Balfour declaration –> Israel)

    – Organized WW2
    http://tinyurl.com/ycbb6set
    http://tinyurl.com/y9nbo88s
    http://www.ihr.org/jhr/v04/v04p135_Weber.html

    [part 1]

  25. Cloggie on Mon, 13th Nov 2017 5:22 am 

    – Organized the coming destruction of America by opening the borders for third world immigration
    http://www.kevinmacdonald.net/immigration.pdf

    – Telecrashed planes into buildings, kill 3k Americans, to create the pretext for ME wars
    – Try to take all power from white people as by their own admission:

    – Prepared for the overthrow of the democratically elected government in Kiev in order to replace it with an (((oligarch)))

    – Organized the attempted overthrow of the Syrian government
    https://documents1940.wordpress.com/2017/11/05/qatar-admits-us-turkey-ksa-qatar-conspired-in-syrian-war/

    [part 2]

    There it is after all.

  26. Davy on Mon, 13th Nov 2017 5:22 am 

    “Duncan, it’s fun to watch isn’t it?” Endless fascination—-“
    Yea, it fun to watch you all bitch and do nothing about it. It is fun to see you point fingers and cheer with your complaining. Let’s see you man up Mr. Idaho with some real solutions. NO, not national ones. I know what they would be and they will be useless in a late term civilization anyway. Let’s hear some personal ones. What are you going to do and how are you going to do it? What can you do in your local? Just coming on here to bitch and point fingers means nothing to me. You all are a dime a dozen.

  27. Davy on Mon, 13th Nov 2017 5:31 am 

    “Interestingly Davy has admitted once or twice that he doesn’t like Jews either, but never says why.”
    I don’t like Jews or Israel. I don’t like their influence on politics and I don’t like how involved they are in culture and business. I hate Hollywood and what has done to the world. The difference is I am not a pussy that howls and wails at how the Jews are killing us. They are not the force you claim they are and their influence declines by the year. There are many Jews in St. Louis and I dealt with them when I was in the business world. They are a clannish tight ass people. They are not enjoyable to deal with but they still are a people and have a right to live unlike your final solution Nazi alternative. Have you ever met a Jew dumb n dutch?

    “[part1] “
    Geeze, when I see the part one stupidity I know dumb and Dutch is going to do an extremist racist rant complete with revisions and a fantasy future. Let’s check it out and see what kind of spew has driveled from one of his holes

  28. Davy on Mon, 13th Nov 2017 5:38 am 

    Lots of conflicts going on in Europe. Looks to me like the union is a mess no better or worse than in the US. So much for that Paris Berlin Moscow Empire preached here on our board by our board Nazi.

    “Germany Clumsily Admits To Supporting Regime Change In Poland”
    http://tinyurl.com/ycgxlzv5

    “Germany hates PiS because party leader Jaroslaw Kaczynski’s ideology of “EuroRealism” contrasts with Merkel’s “EuroLiberalism” in every way, from dealing with the migrant crisis to the future organization of the EU as a whole. PiS is even being sued by Brussels because of its refusal to accept the forcible relocation of even a single Muslim migrant, and its ambitious “Three Seas Initiative” aims to consolidate a new power bloc in Central and Eastern Europe in order to oppose Germany’s post-Brexit centralization initiative for the EU in favor of a more hands-off and reformed approach that respects the national sovereignty of the bloc’s members. It’s long been suspected that Berlin was backing the anti-government movement in Poland, and the country’s media has reported on this for nearly two years already, but the German Defense Minister’s sloppy statement on TV seemed to present the strongest confirmation yet that this is indeed truly the case.”

    “Meanwhile, 60,000 fascists and white supremacists marched in a demonstration in Warsaw Saturday, as Poles celebrated their country’s Independence Day. Protesters marched under far-right banners, with one reading “White Europe of brotherly nations.” Many carried the national white-and-red flag as others set off flares and firecrackers, filling the air with red smoke.”

  29. Cloggie on Mon, 13th Nov 2017 5:41 am 

    I want us to be home. I am tired of bankrolling your security especially when you Eurotards are so rich.

    Security from who? These boat invaders? That can be done with a motorboat or 5 and a few guns.

    Russia is no danger. Washington never complained about limited European defense spending, because they liked the situation as it was, with US dominance. Trump is different. He doesn’t want an artificial Cold War with Russia, unlike the US deep state that is still dreaming of world empire.

    You are a rabid anti-American racist zealot.

    For good reason. Today Communist News Network posted a photo of my hometown Eindhoven:

    http://edition.cnn.com/style/article/iwm-ww2-color-photography/index.html

    That’s September 1944, after the so-called “liberation”, read US conquest of Holland. Look how well-dressed these people are, men are men, females are females. 100% Dutch.

    Today, in the same street, one third is non-white, old-school family as good as destroyed or broken. The entire intention of your shitty empire is to make us a minority in our own lands, that is to destroy the Netherlands.

    Same applies to you. Here is what your deep state wants:

    http://tinyurl.com/yaxtf9ks

    rural White Americans who feel they are losing their country, and they are right. They are losing their country. In the end, the power they now have will go away, but it’s a very difficult and dangerous time until then.

    “Rural white Americans should be made powerless”… Krugman means spineless idiots like davy, who will never resist other than voting for Trump in despair, but in his free time will count his carriers.

    That’s “Demockressy in America” for you: whites made powerless. And fools like davy doing the bidding of his own tormentors, who want to dispossess him. It’s called XXL Stockholm Syndrome.

    But I am wasting my time on this fool. It is going to fall apart anyway, just like the USSR-1991.

  30. Davy on Mon, 13th Nov 2017 5:59 am 

    “Warnings From the “China Beige Book”
    http://tinyurl.com/yayk2agc

    “The China Beige Book, CBB, says that China had been covering up and smoothing over problems related to weak growth and excessive debt in order to provide a calm face to the world in advance of the National Congress of the Communist Party of China, which took place last month. CBB also makes it clear that the much-touted “rebalancing” of the Chinese economy away from investment and manufacturing toward consumption and spending has not occurred. Instead China has doubled down on excess capacity in coal, steel and manufacturing and has continued its policy of wasteful investment fueled with unpayable debt. It’s become obvious that the first cracks are starting to appear in China’s Great Wall of Debt. The Chinese debt binge of the past 10 years is a well-known story. Chinese corporations have incurred dollar-denominated debts in the hundreds of billions of dollars, most of which are unpayable without subsidies from Beijing. China’s debt-to-equity ratio is over 300%, far worse than America’s (which is also dangerously high) and comparable to that of Japan and other all-star debtors. China’s trillion-dollar wealth management product (WMP) market is basically a Ponzi scheme. New WMPs are used to redeem maturing WMPs, while most of the market is simply rolled over because the underlying real estate and infrastructure projects cannot possibly repay their debts. A lot of corporate lending is simply one company lending to another, which in turns lends to another, giving the outward appearance of every company holding good assets, but in which none of the companies can actually pay its creditors. It’s an accounting game with no real money behind it and no chance of repayment.”

  31. Davy on Mon, 13th Nov 2017 6:03 am 

    Dumb n dutch, do you have the references to the Euro Army yet? That is all I asked for. I do not ask for your extremist rants. Provide the goods Mr. Nazi.

  32. Cloggie on Mon, 13th Nov 2017 6:21 am 

    I don’t like Jews or Israel. I don’t like their influence on politics and I don’t like how involved they are in culture and business. I hate Hollywood and what has done to the world. The difference is I am not a pussy that howls and wails at how the Jews are killing us. They are not the force you claim they are and their influence declines by the year. There are many Jews in St. Louis and I dealt with them when I was in the business world. They are a clannish tight ass people. They are not enjoyable to deal with but they still are a people and have a right to live unlike your final solution Nazi alternative. Have you ever met a Jew dumb n dutch?

    Wow, what an honesty! But you can’t grasp that your micro-experiences have repercussions on a macro-level as well?! Why do you think that they have been thrown out from ALL European countries at some point in history, even the British did that. Because if you don’t, they take over your country, like happened to Russia, with absolute disastrous consequences (20 million dead before the war). The other example is the US. The consequences are not yet as disastrous as they were in Russia, because Americans are protected somewhat by their Constitution. But you can kiss your Constitution goodbye after you are demographically weakened enough. The dismantling of European America proceeds as we speak and once Trump is gone it will go full throttle.

    They are not enjoyable to deal with but they still are a people and have a right to live unlike your final solution Nazi alternative.

    Sure they have the right to live… in a country of their own, so they can swindle each other:

    http://gawker.com/5181117/bernie-madoff-very-very-bad-for-39-of-jews

    And there is that “final solution” again, the great fake moral victory of America over Europe, probably invented to create the pretext for the “US intervention” (“liberators”). You only need to study this for 5 minutes and understand that at least the subject needs to be investigated, for the first time, rather than sending people to jail, who have a few questions:

    http://tinyurl.com/ydbsysjb

    But it doesn’t matter. Putin has the archives and can open them on a moment he sees fit, like during negotiations over a Greater European confederation. Putin has already hinted he is willing to do that:

    http://www.telegraph.co.uk/news/worldnews/europe/russia/5445161/Russia-accuses-Poland-of-starting-Second-World-War.html

  33. Cloggie on Mon, 13th Nov 2017 6:30 am 

    Dumb n dutch, do you have the references to the Euro Army yet?

    Here you are, mr mass murder apologist:

    https://www.youtube.com/watch?v=0I8jtTbR2WM

    And this is army will eventually have one main initiating purpose only: intervention on North-American soil when the left and right there will finally go at each others throat about the question whether America (or a part of it) should be majority European or a third world country without standards.

    https://www.amazon.com/Suicide-Superpower-Will-America-Survive-ebook/dp/B004YD36HS/ref=sr_1_1

    It will probably occur at the moment Trump will leave the White House, that is within a decade.

    Nobody saw the implosion of the Berlin Wall coming or the Syrian War or the war in Donbass or the war in Yugoslavia. These kind of disasters seemingly happen out of the blue, unless you have an understanding of history.

  34. Davy on Mon, 13th Nov 2017 7:26 am 

    Dumb, I want “is” not “probably”. You are such a snake oil salesman

  35. Anonymous on Mon, 13th Nov 2017 11:07 pm 

    It would seem like the issues here are how good are the prospects, what is the cost of production (local content rules, depth) and what is the nationalization risk.

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