Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Italian energy giant Eni has made a new oil and gas discovery in an exploration well in Block 9 in the Sureste Basin, offshore Mexico. The discovery was made on the Yopaat-1 EXP exploration well, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina. The preliminary estimates indicate a... Continue Reading →
(Reuters) - Grupo Carso, the Mexican holding company controlled by the family of Mexican mogul Carlos Slim, said on Friday that it has signed an exploration and extraction services contract with state oil firm Pemex for the stalled Lakach natural gas project. With the contract, Grupo Carsobecomes Pemex's partner to develop the project after its... Continue Reading →
(Reuters) Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon's team were discussing ways to revive development of the Lakach field in... Continue Reading →
(OM) The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the Zama oil field to the French engineering company DORIS. The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission... Continue Reading →
(OM) Harbour Energy expects the FEED process to start shortly for the Zama oilfield development in the Sureste Basin offshore Mexico, the company said in a trading update. Later this year, it will participate in an appraisal well on the recent Kan oil discovery in offshore Block 30. In the Andaman Sea offshore Indonesia, testing is underway on... Continue Reading →
(Bloomberg) -- Mexico is studying options to absorb as much as $40 billion in Pemex debt, the equivalent of what will come due in the next presidential term, one of its top finance officials told investors in New York. The government is considering options that could include repurchasing bonds issued by the heavily indebted state... Continue Reading →
(Offshore-energy.biz) Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of contract awards last year, taking its backlog... Continue Reading →
(Reuters) - Mexican state energy company Pemex hopes to access financing at more favorable rates with a sustainability plan laying out its commitments to bring down emissions, the company's chief financial officer said Monday. Bond investors, which hold the vast majority of Pemex's financial debt, totaling more than $100 billion, have long considered the company... Continue Reading →
(Reuters) Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. New data from the United Nations Environment Program's (UNEP) International Methane Emissions Observatory showed that the problematic Pemex platform in the... Continue Reading →
Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico. Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million. The scope of contract for Subsea 7 includes engineering, construction, and installation... Continue Reading →
Brazil Energy Insight 