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(OE) Woodside’s Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. It is located in the Gulf of Mexico at a water depth of 2,500m, approximately 180km off the Mexican coastline. The Social... Continue Reading →
(Reuters) - Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy's (TALO.N), opens new tab projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico's richest person signaled he would like to grow... Continue Reading →
(OE) Paratus Energy Services, through its subsidiary SeaMex Holding, has secured a one-year contract for the Titania jack-up rig in Mexico. The new contract will contribute approximately $55 million in backlog and is expected to start around mid-February 2024, Paratus informed. As previously disclosed, the Titania jack-up remained operating under its existing contract with Pemex... Continue Reading →
(Reuters) Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday. Deputy Finance Minister Gabriel Yorio told reporters that some 145 billion pesos were allocated from the federal budget, which was approved... Continue Reading →
(OET) LNG project developer Mexico Pacific has signed a third long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific for an additional 1.2 million tonnes per annum (mtpa) of LNG from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico. With this agreement, ExxonMobil exercised the option... Continue Reading →
(OE) UK engineering company Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion floating production unit (FPU) in the Gulf of Mexico. When complete, Trion will have a production capacity of 100,000 barrels per day and connect to a 950,000 barrel capacity floating... Continue Reading →
(Reuters) - Mexico's government on Friday ordered state energy company Pemex to temporarily take control of a hydrogen plant inside one of its largest refineries but operated by French company Air Liquide (AIRP.PA). President Andres Manuel Lopez Obrador, who signed a decree that declared hydrogen supply from the plant "a matter of public interest," has tightened... Continue Reading →
(OM) Woodside Energy has awarded a contract to Mexican company Eseasa Offshore to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico. Woodside says it is continuing to progress the Trion project toward first oil in 2028. Eseasa will provide a broad range of services out of its... Continue Reading →
(Reuters) - Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September... Continue Reading →
Bruce Beaubouef * Managing Editor(OM) The outlook for international E&P for next year “remains healthy,” according to Evercore ISI’s latest Offshore Rig Market Snapshot report. The report borrowed from the firm’s recently released 2024 Evercore ISI E&P spending survey and 2024 Oilfield Services outlook, which found that E&P spending growth in the US for 2024... Continue Reading →
Brazil Energy Insight 