Friday, January 10, 2025

Oil’s Heavy Hitters Line Up to Dive Into Mexico’s Deep Waters

From Bloomberg If you’re a super-major oil explorer, Mexico says it’s got a bargain for you. The once-giant crude nation whose output plunged in the past decade is enticing the world’s richest explorers with cut-rate prices for drilling rights to its most coveted offshore fields. The Jan. 31 auction for access to 29 deep-water tracts comes as $70-a-barrel crude lifts

Keystone XL Pipeline Route Change is not Major Issue: TransCanada CEO

From Reuters TransCanada Corp does not see a route change for the proposed Keystone XL oil pipeline to Nebraska as a major issue, and the company is confident a key regulatory approval will stand, Chief Executive Russ Girling said on Thursday. Analyzing the November approval by Nebraska Public Service Commission was an important factor in TransCanada’s deliberations on a final