Sixteen blocks snapped up in Mexican offshore auction

Sixteen of 35 of the offshore Mexico blocks on offer were taken up in Round 3.1 on Tuesday, the first auction in the third round of the country's 2013-14 energy reform, a result that most analysts said was somewhat disappointing but hardly surprising.

For most of the day, the bidding was nothing if not turgid, but at the end it reached a powerful crescendo that generated gasps of excitement from the audience.

Source: Natural Gas Intelligence