Mexico's oil industry has been hit especially hard by the global downturn in oil prices. And according to one Mexican official it seems likely that conditions will get worse before they get better.

The new chief executive of US independent Murphy Oil has emphasised his company's dedication to offshore exploration with ...

Talos Energy (NYSE:TALO) +3.1% pre-market Thursday after saying it found commercial quantities of oil and gas at its second exploration well in the Katmai West field in the U.S. Gulf of Mexico's ...

Talos Energy has discovered oil and natural gas in commercial quantities at the Katmai West #2 well in the Ewing Bank area of the US Gulf of Mexico. The drill-ship West Vela began drilling the ...