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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 Mexico. The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and three partners including the Mexican subsidiary of Spain's Repsol SA, will be assessing commercial potential of the... Continue Reading →
Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos Mexicanos (Pemex) said on Sunday. Pemex said in a statement that workers had started coming off the rigs as Mexico implements stricter measures to combat the coronavirus since... Continue Reading →
With crude prices collapsing, Mexico’s president says his country will shut down new wells in a move that comes just over a week after he almost wrecked a global oil deal by refusing to make deep output cuts. The country invested last year in drilling new wells, Andres Manuel Lopez Obrador said during his daily... Continue Reading →
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group. At the start of the year, the number of high-impact... Continue Reading →
Piracy activity on the Mexican side of the Gulf of Mexico seems to be picking up, with several attacks in the past month on offshore support vessels. A little over a week ago, a Maersk Supply Service's offshore vessel was a target of an armed robbery offshore Ciudad Del Carmen, Mexico. Armed robbers boarded Maersk... Continue Reading →
Following a historic OPEC+ deal to reduce global oil output in an effort to save the oil industry, Mexico came out as an unlikely winner since it was able to negotiate a production cut of only 100,000 barrels per day. Rystad Energy estimates that this will in effect be at a 50,000 bpd reduction at most. The... Continue Reading →
Offshore vessel provider Telford Offshore's offshore accommodation and hook-up unit Telford 28 was attacked earlier this week while anchored in Mexico. One crew member was injured. In an email sent to Offshore Engineer, Telford Offshore said: "We can confirm that the Telford 28 came under attack while anchored at Cuidad Del Carmen, Mexico on the... Continue Reading →
-Mexico’s Petroleos Mexicanos expects to receive some relief from its oil hedge this year as producers grapple with a record slump in demand. “The Finance Ministry has full coverage, and in the case of Pemex it is a part of our production,” said Pemex Chief Executive Officer Octavio Romero at a press conference in Mexico... Continue Reading →
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend. Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico. Armed robbers boarded Maersk Transporter, stole various items and left the vessel again, the company said in an... Continue Reading →
At least one worker at Mexican state oil company Pemex's Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two people with knowledge of the matter told Reuters. At the end of last week, executives from Abkatun-A reported internally that 21 workers, including the doctor on staff, had... Continue Reading →
Brazil Energy Insight 