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The near-term offshore drilling market is one of the most challenged upstream sectors, with its long-term recovery—while undoubted—to lag behind any broader upturn.
Eight of 10 blocks were awarded during Mexico’s first deepwater round. Mexico expects to hold three more oil and gas auctions before the end of 2018.
Despite a challenging environment, the oil and gas industry still has a few tricks up its sleeve.
Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.
Plans include a new floating production platform that will be moored about six miles southwest of the existing Mad Dog Platform.
Saudi Aramco’s president and CEO outlines his four-point framework for success.
The OPEC deal could change the landscape of the oil market for the foreseeable future, but the specifics have yet to be determined.