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Offshore drilling contractor Maersk Drilling has secured a contract extension with Shell, a UK-headquartered energy giant, for a 7th generation drillship, enabling it to carry out drilling services offshore Mexico once it completes its current assignment with this oil major. The rig owner revealed on Thursday that Shell has exercised an option to extend the... Continue Reading →
(Reuters) - Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions. Three satellites recorded images of methane plumes at the Ku-Maloob-Zaap oil field cluster in the Gulf of... Continue Reading →
Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements, Valaris said. In Mexico, Valaris has won a three-well contract with Eni for the semi-submersible drilling rig VALARIS DPS-5. The contract is... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its jack-up rigs is heading to Trinidad to work for oil major BP. In a social media update on Monday, Valaris said that the Valaris 118, formerly known as Joe Douglas, is heading to Trinidad after a successful campaign in Mexico. The 2012-built rig had been in... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
(Reuters) - Exports of Mexico's newest crude are ramping up under Italy's Eni (ENI.MI) as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data, represent the first crude exports made by an oil company other than state firm... Continue Reading →
(Reuters) - Mexico's hydrocarbon regulator has fined state oil company Petroleos Mexicanos (Pemex) for development violations at one of its most important fields that has led to excessive flaring of natural gas, and is preparing another fine for a similar field, according to three sources briefed on the matter. Pressure is mounting on Pemex to... Continue Reading →
(OM) bp is winding down its oil and gas exploration business in Mexico, according to a Bloomberg report. The move comes six years after its arrival following the opening of the energy sector to private companies as part of the 2013 energy reform. The subsidiary BP Exploration Mexico will conclude its participation in three exploration... Continue Reading →
(Rigzone) Dryad Global’s latest Maritime Security Threat Advisory (MSTA) has outlined that the Gulf of Mexico is in the midst of a pirate problem. According to the MSTA, on August 7, pirates onboard two speedboats boarded and robbed a manned semi-submersible drilling rig in the Bay of Campeche approximately 28nm north of Paraiso. The MSTA... Continue Reading →
(Reuters) - Mexico's state-oil company Pemex requested this week almost $6.5 billion in additional funding from the government to pay for works at the 'Dos Bocas' refinery this year, according to a document and two sources familiar with the matter. The additional funding is to cover works not initially included in the project's proposal, higher... Continue Reading →
Brazil Energy Insight 