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Global and Regional Markets

Talos still working to finalize unitization agreement for Zama offshore Mexico

The agreement will address initial tract participating interest splits between a Talos-led Block 7 consortium and Pemex. A third-party reservoir engineering firm engaged by the consortium and Pemex to evaluate initial tract participation within the Zama reservoir recently concluded that the consortium held 49.6% gross interest in the discovery.

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Energy transition represents a $14 trillion uncertainty for upstream oil and gas

If the world acts decisively to limit global warming to 2°C by 2050, Wood Mackenzie’s estimates oil demand and prices would fall rapidly later this decade. Gas demand and price, however, would be more resilient. While this outcome has major implications for the oil and gas industry, there could still be a huge amount of upstream value on the table.

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