Mexico deepwater licensing round closes on a high note, with BHP securing Trion block in partnership with Pemex. In addition, BP sanctions Mad Dog phase II and Mitsui re-enters the region, as Shell sells down its stake in Kaikias. Onshore, Chesapeake finds a PE buyer for its Haynesville position and producers are rushing to lock in $55/bbl oil for 2017 after OPEC announcement last week. We interrogate all these topics in this note.
Stories this week include:
Mexico's deepwater licensing round closes with great success.
Sit. Stay. Sanction! Mad Dog II fetches an FID from BP.
Not quite Permania!, but deepwater M&A gains momentum as Shell and Mitsui strike a deal.
Private equity tightens its grip on the Haynesville with Indigo Minerals' purchase of Chesapeake acreage.
Surge in hedging activity indicated by flattening curve for oil-price futures.
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Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016 PDF - 1.66 MB 10 Pages, 0 Tables, 11 Figures
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Insight | Dec 2016
Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016
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