Mexico, Round One, oil, gas, blocks, Gulf of Mexico, Phase 1

Commodity price uncertainty aside, issues raised after Mexico’s Round 1 Phase 1 can be addressed to move the country toward its goal of growing production and strengthening its economy.

Guyana flag

The Guyana discovery would be on par with the combined size of a cluster of three reservoirs Exxon found in the Gulf of Mexico between 2009 and 2011, Bloomberg said.

Laredo Petroleum, earth model, geology, oil, production, Permian, Randy Foutch

Knowledge gained from earth-modeling efforts enables companies to better use geological findings to determine which way to direct the drillbit.

Cook Inlet, ExxonMobil, Alaska, Hilcorp, XTO Energy

XTO, a subsidiary of ExxonMobil, agreed to sell its Cook Inlet oil assets and offers of employment will likely be made to its employees by Alaska-intent buyer Hilcorp.

Mediterranean, oil, gas

Egypt has emerged from the turmoil of the Arab Spring to reestablish itself as the Mediterranean’s most attractive offshore province.