US-based Talos Energy agreed with Repsol to farm into the Block 29 development located offshore Mexico in the Salinas-Sureste Basin, acquiring a 50% working interest in the asset. In other news, Global crude oil prices fell sharply on June 27, 2026, following a pause in US-Iran military strikes that created room for diplomatic talks.<\/p>\n
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Talos Buys 50% of Repsol’s Block 29 Offshore Mexico<\/a><\/p>\n Talos Energy executed a definitive agreement to farm into the Block 29 development located offshore Mexico in the Salinas-Sureste Basin, acquiring a 50% working interest from operator Repsol.\u00a0<\/p>\n Mexico Invests US$3.2 Billion to Boost Fertilizer Production<\/a><\/p>\n Private developers Fermachem and Gas y Petroqu\u00edmica de Occidente (GPO) are advancing more than US$3.2 billion in combined investments for two major fertilizer manufacturing complexes in Mexico. The projects, which will establish domestic production capacity for granulated urea and ammonia, aim to reduce Mexico’s heavy reliance on imported agricultural inputs and limit exposure to international price volatility.\u00a0<\/p>\n Mexico’s Energy: Investment Enters Through Unexpected Doors<\/a><\/p>\n Mexico’s energy industry has entered the most consequential period of private sector repositioning since the 2013 reform, but the shape of that repositioning bears little resemblance to what either its architects or its critics anticipated. International oil majors are largely absent from the upstream; domestically capitalized conglomerates are acquiring minority positions in production-sharing contracts at speed; the mixed contract framework is under structural revision after four of its 10 awarded upstream contracts were cancelled in July; and the electricity sector’s mixed development scheme has produced 7,411MW in renewable awards backed by credible private capital, even as grid reliability failures multiply across the states hosting the largest industrial demand growth.<\/p>\n