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(OM) Noble Corp drillship Noble Globetrotter I should start a contract offshore Mexico shortly following an extended permitting delay, the company said in its latest results statement. As for other vessels in the company’s 16-strong fleet, the Noble Gerry de Souza has sailed from the US Gulf of Mexico (GoM) to Nigeria. Noble Discoverer is due to begin a one-well contract... Continue Reading →
(Reuters) - Mexican national oil company Pemex posted a narrower first quarter net profit of 56.75 billion pesos ($3.15 billion), the state-owned company reported in a filing with Mexico's main stock exchange on Wednesday. During the year-ago period, the Mexican oil giant's profits totaled about $6.2 billion. Revenues during the first three months of the... Continue Reading →
Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in the shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates, the discovery may contain 200 to 300 million barrels oil equivalent... Continue Reading →
(Reuters) - Mexico's government will bolster state-owned oil firm Pemex's capacity to pay down debt this year by deferring about $2 billion in taxes the company owes the state, Mexican Deputy Finance Minister Gabriel Yorio said on Thursday. Pemex, which had financial debt totaling nearly $108 billion at the close of last year, pays a... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) will seek to expand in the United States and take advantage of its green subsidies after announcing the sale of gas assets worth $6 billion in Mexico, Chief Financial Officer Jose Sainz said on Wednesday. The sale significantly reduces the renewable energy giant's exposure to Mexico, where its relationship with... Continue Reading →
(Reuters) - Mexican state oil company Pemex and a consortium led by U.S. firm Talos Energy (TALO.N) delivered a development plan for the Zama oil field to Mexico's oil regulator on Thursday, Pemex said. The plan includes two offshore platforms and the drilling of 46 wells, as well as the transportation of oil and gas to the... Continue Reading →
Italian oil company Eni said Friday it had made a new discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 million barrels of oil (MBoe) in place. Yatzil-1 EXP... Continue Reading →
(epbr) Global Energy Monitor (GEM) report shows that Latin America has the potential to increase its solar and wind energy capacity by more than 460% by 2030 if all 319 gigawatts (GW) of large-scale new projects announced, in pre- construction or under construction come into operation. This represents an increase of almost 70% in relation... Continue Reading →
(Reuters) - Mexico's heavily-indebted state oil company Pemex will seek to avoid pricy capital markets even as it faces billions in maturing debts this year and next, its chief executive told Reuters, saying Pemex had been "punished" by ratings agencies despite measurable improvements in its operational numbers. With its financial debt totaling nearly $108 billion... Continue Reading →
Australia's Woodside Energy is on track to make a final investment decision this year on the Trion offshore oil project, which would inaugurate production in the deep waters of the country's Gulf of Mexico. [BHP Petroleum, now part of Woodside] partnered in 2017 with state-oil company Pemex, which discovered Trion's reserves five years earlier. The deal... Continue Reading →
Brazil Energy Insight 