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Seabed seismic player Magseis Fairfield said it has wrapped up acquisition project offshore Mexico. This marked the end of the first ever deepwater ocean bottom node (OBN) survey acquired in Mexico. Magseis Fairfield announced this project for an undisclosed client end-March last year. The work kicked off in the third quarter of 2020. Back then,... Continue Reading →
Mexico's energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc over the future of a massive shared crude deposit, Talos chief executive Tim Duncan told Reuters on Tuesday. The energy ministry's previous deadline for a deal on an initial so-called... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it will rationalize its international presence in 2021, considering the three main oil markets in the world - Europe, North America and Asia. In this way, it will concentrate its commercial operations outside Brazil in the offices in Rotterdam, the Netherlands, Houston, United States, and Singapore. The initiative... Continue Reading →
For nearly 80 years, Mexico kept its borders closed to foreign oil interests, with the state-owned and -run Petroleos Mexicanos (Pemex) being the only entity allowed to drill for gas in Mexican territory. In 2017, then-president Enrique Peña Nieto opened up Mexico’s considerable oil reserves to foreign oil companies and investors for the first time in nearly... Continue Reading →
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The... Continue Reading →
Offshore drilling company Dolphin Drilling said Tuesday that its Blackford Dolphin semi-submersible drilling rig had completed inspection and started a contract with Pemex in Mexico. "We are delighted to announce that on Thursday, 3rd December 2020, Blackford Dolphin successfully completed the Pemex Contract checklist inspection and commenced the contract with the Mexican operator," Dolphin Drilling... Continue Reading →
(Reuters) - Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge of the matter. Petroecuador is working with the nation’s attorney general to assess how much the Vitol-led graft... Continue Reading →
Chinese shipbuilder Cosco Shipping Heavy Industry has delivered the floating production, storage, and offloading (FPSO) vessel set to work on Eni’s Amoca shallow-water project off Mexico. Cosco held the delivery ceremony on Thursday, 10 December. It was the second large-scale offshore engineering project delivered by Cosco Shipping Heavy Industry yard in Shanghai this year. This... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex). Lopez Obrador, speaking at a news conference, said the accusations by the U.S. Justice Department related to... Continue Reading →
Australian oil and gas firm BHP has awarded a contract to McDermott to carry out the preliminary Front-End Engineering Design (preFEED) extension phase for a Floating Production Unit (FPU) that could be installed at its Trion field offshore Mexico. The FPU would be installed in a water depth of around 8,200 feet (2,500 meters) at... Continue Reading →
Brazil Energy Insight 