Shell Makes Mexico Comeback to Rule Deep Gulf Waters
- Major wins rights to develop nine blocks auctioned Wednesday
- 19 of Mexico’s 29 deep-water oil blocks receive winning bids
Shell's Best Profit in 3 Years Marred by Cash-Flow Drop
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In the span of a few hours, Royal Dutch Shell Plc became the new king of Mexico’s deep waters.
The super major -- which once dominated the country’s oil industry and operates the deepest prospects in the U.S. side of the Gulf -- made a comeback by winning about a third of the offerings in Mexico’s biggest-yet bidding round.