popular articles

Pemex: gas project in the Gulf of Mexico

Pemex, hopes to increase production from a deepwater offshore natural gas field in the Gulf of Mexico.

Please share:

Pemex, hopes to increase production from a deepwater offshore natural gas field in the Gulf of Mexico. This project was the subject of a contract signed between Pemex and New Fortress Energy.

A gas project

Pemex announced in a press release that it has signed a service contract with New Fortress Energy for the development of the large deepwater offshore Lakach natural gas field. The project development plan has been approved by the Mexican oil regulatory agency.

Gas production at Lakach will begin in early 2024. Initial investments of $1.4 billion by Pemex and $1.5 million by New Fortress Energy will be required to start operations.

Pemex will pump 300 million cubic feet (about 8,500,000 cubic meters) of gas per day over a 10-year period. The Lakach field could contain up to 937 billion cubic feet of gas reserves. The development of the project had previously been put on hold due to the high cost of pressure.

Energy self-sufficiency

During his term, Mexican President Andres Manuel Lopez Obrador has emphasized energy self-sufficiency. However, Mexico has been dependent for decades on imports to meet its gasoline and gas consumption. It imports mainly from American producers.

Pemex’s gas production project in the Lakach field responds to this concern for energy self-sufficiency. It will help to reduce import dependency.

In line with this strategy, Pemex states that it will study gas fields located on the outskirts of Lakach. It hopes to find possible synergies. It is therefore likely that new projects will see the light of day in the years to come.

In addition to gas projects, the Gulf of Mexico is also a hotbed of interest, whether for wind or CCS projects. The region will therefore have a major role to play in the years to come.

 

Register free of charge for uninterrupted access.

Publicite

Recently published in

Woodside approves the development of a 16.5 Mtpa LNG facility in Louisiana, marking a key milestone in its global expansion strategy with production targeted for 2029.
JERA and Saibu Gas have reached an agreement to jointly use the Hibiki LNG terminal to secure liquefied natural gas supply and support their global business development.
JERA and Saibu Gas have reached an agreement to jointly use the Hibiki LNG terminal to secure liquefied natural gas supply and support their global business development.
Calpine and ExxonMobil have signed an agreement to transport and store up to 2 million tonnes of CO2 per year from a natural gas power plant near Houston.
Calpine and ExxonMobil have signed an agreement to transport and store up to 2 million tonnes of CO2 per year from a natural gas power plant near Houston.
Ecopetrol is developing a strategy to ensure the continuity of its offshore gas projects in the Caribbean following Shell's strategic withdrawal.
Ecopetrol is developing a strategy to ensure the continuity of its offshore gas projects in the Caribbean following Shell's strategic withdrawal.
The United States extends until June 27 the suspension of sanctions targeting NIS, the Serbian energy company controlled by Gazprom, providing strategic relief to gas-dependent Serbia.
Saudi Arabia plans to reduce its reliance on oil for electricity generation by using more natural gas. This change could free up to 350,000 barrels of crude per day by 2030.
Saudi Arabia plans to reduce its reliance on oil for electricity generation by using more natural gas. This change could free up to 350,000 barrels of crude per day by 2030.
The Miami-based liquefied natural gas (LNG) provider announces its name change, marking its expansion into energy solutions while consolidating its commitment to reliable and affordable LNG solutions.
The Miami-based liquefied natural gas (LNG) provider announces its name change, marking its expansion into energy solutions while consolidating its commitment to reliable and affordable LNG solutions.
Morocco is implementing a liquefied natural gas (LNG) terminal project at Nador West Med to diversify its energy supply sources and reduce its dependence on coal.
Morocco is implementing a liquefied natural gas (LNG) terminal project at Nador West Med to diversify its energy supply sources and reduce its dependence on coal.
Woodside has signed LNG sale and purchase agreements with Uniper, securing the supply of 2 million tonnes per year, confirming strong global demand for LNG.
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.
Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.
French group GTT anticipates growing demand for LNG tankers following the revival of liquefied natural gas terminal projects in the United States under President Donald Trump’s leadership.
French group GTT anticipates growing demand for LNG tankers following the revival of liquefied natural gas terminal projects in the United States under President Donald Trump’s leadership.
Eni and YPF have signed a memorandum of understanding to evaluate Eni's participation in the Argentina LNG project, aimed at developing resources from the Vaca Muerta gas field and exporting up to 30 million tons of LNG per year.
bp has safely loaded the first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project, marking Mauritania and Senegal’s entry into the global LNG export market.
bp has safely loaded the first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project, marking Mauritania and Senegal’s entry into the global LNG export market.
Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.
Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.
TotalEnergies expands its liquefied natural gas portfolio with a long-term supply deal in Texas and a sales contract to the Dominican Republic starting in 2027.
TotalEnergies expands its liquefied natural gas portfolio with a long-term supply deal in Texas and a sales contract to the Dominican Republic starting in 2027.
The coal-fired plant in Saint-Avold will be converted to gas and biogas under a recently approved law, preserving 500 jobs without public financial support.
Mubadala Energy acquires 24.1% of Kimmeridge’s SoTex HoldCo, marking its first foray into the US gas and LNG market.
Mubadala Energy acquires 24.1% of Kimmeridge’s SoTex HoldCo, marking its first foray into the US gas and LNG market.
China is increasing imports of Russian liquefied petroleum gas, but Russia's infrastructure limitations complicate the complete replacement of U.S. LPG, despite joint projects aimed at overcoming these constraints by late 2025.
China is increasing imports of Russian liquefied petroleum gas, but Russia's infrastructure limitations complicate the complete replacement of U.S. LPG, despite joint projects aimed at overcoming these constraints by late 2025.
A lasting peace in Ukraine could revive Russian exports to Europe and weigh on the future of liquefied natural gas projects in the United States.
A lasting peace in Ukraine could revive Russian exports to Europe and weigh on the future of liquefied natural gas projects in the United States.
Baghdad has signed a strategic agreement with GE Vernova to build natural gas power plants totalling 24,000 MW, as the country seeks to reduce its energy dependence on Iran.
Italian group Snam will acquire nearly a quarter of Open Grid Europe for €920mn, expanding its gas infrastructure presence in Germany, subject to regulatory approvals expected by the third quarter of 2025.
Italian group Snam will acquire nearly a quarter of Open Grid Europe for €920mn, expanding its gas infrastructure presence in Germany, subject to regulatory approvals expected by the third quarter of 2025.
Perenco will acquire Woodside’s oil and gas assets in Trinidad and Tobago, expanding its national output beyond 500 million standard cubic feet per day following expected closing by the third quarter of 2025.
Perenco will acquire Woodside’s oil and gas assets in Trinidad and Tobago, expanding its national output beyond 500 million standard cubic feet per day following expected closing by the third quarter of 2025.
Sasol confirms the launch in September 2025 of a key gas project to supply a major power station in Mozambique, following an unexplained delay from the originally scheduled March date.
Sasol confirms the launch in September 2025 of a key gas project to supply a major power station in Mozambique, following an unexplained delay from the originally scheduled March date.

Advertising