U.S. oil company Talos Energy has completed the appraisal at the third and final appraisal well at its giant Zama offshore oil discovery in Mexico, aimed to better define the resource potential of the discovery made in 2017. The Zama-2 and Zama-2 ST1 appraisal penetrations, both drilled in the first half of 2019, generated results... Continue Reading →
Repsol hires Maersk Valiant drillship for Mexico drilling
Spanish oil firm Repsol has hired a Maersk Drilling drillship for offshore drilling in Mexico. Maersk Drilling said on Tuesday that Repsol’s Mexican subsidiary Repsol Exploración Mexico had hired its Maersk Valiant drillship for a two-well project. Repsol will deploy the 7th generation drillship delivered in 2013 at offshore Blocks 10 and 29 in the... Continue Reading →
Pemex No Longer Interested In Deepwater Oil Projects
Pemex will avoid investing in deepwater offshore projects, instead focusing on areas where it has experience, including the shallow waters of the Gulf of Mexico and onshore fields, Reuters quoted a senior executive as saying. The Mexican state energy company has been struggling to reverse a production decline that has been going on for more... Continue Reading →
MDL Tensioner Executes Cable Lay Project Off Mexico
MDL has concluded a maiden cable lay project offshore Mexico, marking a major milestone for the Mexican subsea market. The company’s modular tensioning spread, featuring the MDL TTS-2/140 Series Tensioner, was used for the installation of a 25mm fibre optic cable on the Eni Amoca/Miztón project. Continue reading
Bassoe: Mexican companies scramble to find jack-up rigs amid overwhelming offshore drilling demand
Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Here’s your guide to what’s happening. It seems like yesterday that Pemex was renegotiating jack-up rig contracts and putting rigs on standby as drilling demand in Mexico plummeted. Oil production dropped from around 2.5 million barrels per day... Continue Reading →
Oceaneering bags Trion gig in Mexico’s first deepwater AUV survey
BHP has awarded Oceaneering a contract for what has been described as first-ever deepwater Autonomous Underwater Vehicle (AUV) survey in Mexican waters. Oceaneering, a U.S. provider of subsea services for the international offshore oil and gas industry, said on Monday the survey would be carried out over BHP’s Trion offshore oil development in Mexico. The company... Continue Reading →
Markets lose hope for Pemex rescue
Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months, plunging the world’s most indebted oil company into junk status. Pemex’s rating was cut one notch to BB+, after Fitch cut Mexico late Wednesday, at about the same time Moody’s Investors Service changed the outlook on the country to negative -- a move... Continue Reading →
AMLO’s Latest Pemex Rescue Mission Fails to Convince Investors
Mexico’s grand plan for Pemex -- an unprecedented $8 billion syndicated loan, tax breaks and refinancing billions in debt -- was supposed to change the outlook for the embattled oil company. The market’s reaction has amounted to little more than a shrug. Continue reading
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