McDermott Announces Substantial Completion of PEMEX Abkatun-A2 Platform

Oct. 28, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced substantial completion of PEMEX Exploracion y Produccion's Abkatun-A2 Platform. The production platform is located in Mexico's Bay of Campeche in the Gulf of Mexico. This milestone means the platform has now been turned over to the owner to begin commercial operations. "With substantial completion of the Abkatun-A2 Platform project... Continue Reading →

October 28, 2019 0

Valaris secures batch of new contracts for rig fleet

Offshore drilling contractor Valaris, formerly known as EnscoRowan, has been awarded new contracts and extensions with BP, Murphy Oil, Premier Oil, SapuraOMV, and Saudi Aramco. In its fleet status report published on Friday, Valaris said that the 2014-built drillship Valaris DS-15 (Renaissance) had been awarded a one-well contract with Murphy in the U.S. Gulf of Mexico with... Continue Reading →

October 28, 2019 0

Cairn comes up dry in first operated well offshore Mexico

Oil and gas company Cairn Energy has completed the first well in its drilling program offshore Mexico, but failed to prove hydrocarbons. Cairn expects to start drilling its second well off Mexico in November. In an update on Monday, Cairn said that the exploration target of the Alom-1 well on Block 9 was to prove... Continue Reading →

October 28, 2019 0

Carlos Slim’s firm to build $317M offshore platforms for Pemex

Mexican industrial group Carso, owned by the billionaire Carlos Slim, has said it has been awarded a contract to build two offshore platforms for the Mexican oil company Pemex. The company said the contract for the engineering, procurement, and construction of two offshore platforms named MALOOB-E and MALOOB-I. The platforms are destined to be deployed... Continue Reading →

October 23, 2019 0

OOS ACQUIRES OCYAN DRILLING RIG

Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →

October 22, 2019 1

Pemex Contract Dispute Flagged by Market Watcher MEI

A triangular business arrangement involving an equipment supplier, service provider and Petróleos Mexicanos (Pemex) has stumbled into the federal civil courts in a dispute over the disbursement of funds. A dispute over the disbursement of funds led to a complaint filed in District 7 on December 16, 2016 (File #666/2016) by Mexico City-based TRESE (its... Continue Reading →

October 22, 2019 0

Long-serving Mexico oil union boss resigns amid corruption probe

Carlos Romero Deschamps, the head of Mexico’s oil workers’ union, has resigned after almost three decades in position, amid corruption accusations. The resignation comes in the same week in which the country’s president Lopez Obrador said Deschamps was being investigated by the Attorney Genera’s office and suggested that it was best for a person in... Continue Reading →

October 18, 2019 0

BHP strikes oil in Trinidad and Mexico

Australia’s BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago with one discovery made, and one well classified as dry. BHP said in its operational update for the third quarter published on Thursday that the two wells were located in the Northern licenses and were a... Continue Reading →

October 17, 2019 0

Maersk Supply vessel hired to support Pemex in Mexico

Danish offshore vessel owner Maersk Supply Service has secured a 1.5-year contract with Blue Marine Group to support Pemex from subsea support vessel Maersk Installer. Joining Maersk Implementer, the vessels will assist the national oil company in achieving its targets of increasing production, the vessel owner said on Monday. Maersk Installer arrived in Mexico on... Continue Reading →

October 7, 2019 0

Chevron Buys Into Three Blocks in Mexico

U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform. The deal was approved earlier this week by Mexico's oil regulator, the National... Continue Reading →

October 7, 2019 0