(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
Mexico approves Harbour acquisition of Wintershall Dea
(offshore.mag.com) Harbour Energy expects to complete its acquisition of Wintershall Dea’s global E&P portfolio in early September. The process of satisfying the conditions to completion has been advancing, including the recent receipt of Mexico regulatory consents. Earlier this month, the Danish Energy Agency also approved the indirect transfer of interests in four licenses that had been granted to... Continue Reading →
Energy Academic Victor Rodriguez to Be Next Pemex Chief
(Reuters) Mexico's incoming president tapped academic Victor Rodriguez to be the next top executive of debt-ridden oil giant Pemex on Monday, among the last senior nominations for the country's financially volatile and politically sensitive energy sector. At a press conference, Rodriguez said working with the finance ministry was essential to stabilize the state-owned company. He... Continue Reading →
DeepOcean Wins Vessel Contract Extension in Mexico
(OE) DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years. Arbol Grande is a construction and subsea vessel, delivered in 2003 with specifications tailor made for the Mexican market. The vessel has been used as an accommodation and... Continue Reading →
TDI-Brooks Wraps Up Geotechnical Job Offshore Mexico
(OE) TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, has completed a third-party geotechnical coring project for Geohidra in the Southern Gulf of Mexico. This operation took place aboard the MV Laguna Azule. During the campaign, TDI-Brooks conducted a total of 32 Cone Penetration Tests (CPTs) using their Neptune 3000... Continue Reading →
Mexico’s New Government Plots Reform to Boost Oil Reserves Amid Soaring Debt
(Reuters) Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter. These partnerships would be similar to past Pemex joint ventures with... Continue Reading →
SBM Offshore awarded FSO contract for Woodside’s Trion development
SBM Offshore is pleased to announce that it has signed a contract with Woodside Petróleo Operaciones de México, S. de R.L. de C.V. (“Woodside”), operator of the Trion deepwater oil field development located in the Perdido Belt of the western Gulf of Mexico. Under this contract, SBM Offshore will construct and thereafter lease to Woodside... Continue Reading →
Equinor Exits Suriname
(Reuters) Equinor and ExxonMobil Corp said on Wednesday they have transferred their stakes in a deepwater oil and gas exploration block off Suriname to Hess Corp, with the Norwegian oil producer exiting the South American country. The exit aligns with Equinor's strategy to focus on producing oil and gas in a few core areas, such... Continue Reading →
Mexico’s Pemex swings to $14 bln quarterly loss on lower sales, currency losses
(Reuters) - Mexico's state-owned oil company Pemex swung to a 256 billion peso ($14 billion) second-quarter net loss on Friday, red ink the energy giant chalked up to lower sales, a higher cost of sales and large currency exchange losses. The quarterly loss compared to a net profit of more than $25.4 billion in the... Continue Reading →
Greek Firm to Supply Steel Pipes for Woodside’s Mexico Trion Deepwater Field
(OE) Corinth Pipeworks has secured a contract from Woodside Energy, the operator of the Trion deepwater field offshore Mexico, to manufacture and supply approximately 118 kilometers of High Frequency Welded (HFW) steel pipes. The Trion field is located in the Perdido Fold Belt in Mexican waters of the Gulf of Mexico. Situated approximately 180km off... Continue Reading →