Mexican national oil and gas company Pemex has restarted production from its Ku-Maloob-Zaap complex, located offshore Mexico, following a shutdown due to a fatal incident earlier in August. The fire erupted on the E-Ku-A2 platform located in the Bay of Campeche in the Gulf of Mexico on Sunday, 22 August 2021. The incident resulted in the deaths of five... Continue Reading →
Fitch: Platform Fire Puts Dent in Pemex’s Output Plans
A deadly accident on an offshore platform belonging to Mexican state oil company Pemex "may slow" the company's production growth rate, ratings agency Fitch said in a statement on Tuesday, after officials confirmed a sharp hit to output. The rating agency warning follows the weekend incident in the southern Gulf of Mexico which engulfed in... Continue Reading →
EXCLUSIVE Offshore platform fire cuts Mexico oil output by 444,000 bpd
(Reuters) - A fire that struck an offshore oil platform operated by Mexico's state-run Pemex cut the company's production by 444,000 barrels per day (bpd) due to the lack of natural gas to re-inject into crude fields, a company document showed on Monday. At least one person died and five others were missing following an... Continue Reading →
Five dead and two still missing after Pemex platform fire
A fire on a Pemex-operated platform offshore Mexico has resulted in the deaths of five workers and injuries to six while two workers are still missing. The fire erupted on the E-Ku-A2 platform located in the Bay of Campeche in the Gulf of Mexico on Sunday, 22 August 2021. After the fire was brought under control, the... Continue Reading →
One Dead, Five Missing as Fire Erupts on Pemex Offshore Platform
One person died and five went missing after a fire broke out Sunday on a Pemex offshore platform in the Campeche Bay, Mexico. The fire broke out at the E-Ku-A2 platform at Pemex's Ku-Maloob-Zaap oil field at 3:10 pm Sunday and was brought under control an hour later. Pemex said that one person died, six... Continue Reading →
Mexico bans Vitol, Trafigura from new oil trades on corruption allegations
(WO) Vitol Group and Trafigura Group -- both barred from new oil-trading business with Mexico’s state producer for alleged corruption -- will be subject to the ban until at least the end of 2024 while the government reviews the conduct of other commodity traders, Energy Minister Rocio Nahle said. Pemex won’t give new work to... Continue Reading →
Woodside Confirms Talks to Buy BHP’s Oil and Gas Business
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business. "Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum. Woodside continuously reviews the composition of its asset portfolio and opportunities to create and deliver value for shareholders. Woodside... Continue Reading →
Lukoil starts drilling first well in Block 12 off Mexico
Russian independent oil company Lukoil has started drilling its first exploration well at Block 12 located in the southern area of the Gulf of Mexico. Lukoil said on Monday that the Yoti West-1Exp well would be drilled by the Valaris 8505 semisubmersible rig, which was transported to Block 12 after its successful work at Block 10 on... Continue Reading →
Pemex struggling to fund Zama oilfield it fought to control
(Bloomberg) --Pemex fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash to actually develop the field. After taking operational control of the Zama megafield last month, the Mexican state-owned oil producer doesn’t have the nearly $2... Continue Reading →
EXCLUSIVE Mexico probing Vitol over false import documents – tax chief
(Reuters) - Mexico's government is investigating the world's largest independent energy trader Vitol over "irregularities" in the documenting of its refined oil products entering Mexico that could lead to criminal charges for tax evasion, the country's tax chief told Reuters. The probe of Vitol (VITOLV.UL) is part of a drive to investigate alleged import tax... Continue Reading →
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