Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said.
Category: Mexico
Hokchi opts for early termination of drilling contract with Mexico’s Grupo R
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation. Hokchi Energy, a subsidiary
Prosafe dives deeper into the red over impairment charges
Prosafe, a provider of offshore accommodation rigs, sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the
Mexico Gives Oil Firms More Time to Get Permits
Mexico’s oil regulator will extend the time companies have to secure needed permits and plan approvals through the end of this month because of the coronavirus pandemic,
No Oil at Eni’s Ehecatl Prospect Offshore Mexico
Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said. Cairn said
PTTEP: Two New Oil Finds Offshore Mexico
Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore
