What the history-making elections of 2024 could mean for energy
Energy and climate change have been on the ballot around the world this year. Here’s a scorecard of what to expect on infrastructure, power and renewables in five countries.
Mexico
ReconAfrica bids fond farewell to Mexico
The company had made a commitment to spend $31mn on the Chiapas blocks by February 2024.
Woodside reports “extremely difficult” quarter
In the first quarter, Woodside reported an average portfolio sales price of $85 per boe. In the second quarter, this fell to $63.
Is the Pemex fire highlighting a profit over people culture?
Safety should always be at the forefront of not just the energy industry but every sector, however, some say the reporting last week's fatal fire on a Pemex rig in Mexico highlights a profits-over-people mentality.
Pemex helicopter crashes, two dead
Pemex CEO Octavio Romero Oropeza described it as a “very unfortunate accident”, pledging an investigation into the cause of the problem.
Woodside takes FID on $7.2bn Trion development
Pemex discovered Trion in 2012. The Mexican company brought BHP Billiton in to the plan in 2016 in order to help develop the field. Now, the companies have drilled six wells on the field. Woodside bought BHP in 2022.
Wintershall pinpoints Mexico for diversified E&P growth
Speaking this morning at a media roundtable, Wintershall CEO Mario Mehren said the company was focused on two strategic priorities. “Diversification, through moderate growth for our E&P business. And decarbonisation, by building up our carbon management and hydrogen business.”
Keppel O&M takes jack-up haircut, agrees to Saudi deal
Keppel Offshore & Marine (O&M) has signed up to provide two more jack-up rigs to ADES Saudi, under a contract worth $155 million for the builder.
Shell signs up to 20 year deal with Mexican LNG project
Shell has signed a deal with Mexico Pacific to take 2.6 million tonnes per year of LNG from the first two trains of the project, which will be in Mexico’s state of Sonora.
NFE sets out Apollo venture, Mexico export hub plan
New Fortress Energy (NFE) has set out a plan to sell down its stakes in 11 LNG vessels and two deals in Mexico.
Fire breaks out offshore Mexico, 15 rescued
A fire appears to have forced an evacuation from an oil platform offshore Mexico, according to local reports.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Mexico to stop exporting oil in 2023 in self-sufficiency quest
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.
One dead in Pemex pipeline blast in Mexico
At least one person has been killed and a number of others injured when a pipeline owned by state oil company Petroleos Mexicanos (Pemex) exploded.
Scots offshore diver on road to recovery after being placed in coma following Covid diagnosis
A Scottish offshore diver is on the road to recovery after Covid-19 complications left him in an induced coma for several weeks thousands of miles from home.
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Whittaker Engineering: UK has ‘perfect opportunity’ with market in Mexico
More than a decade since launching its business in Mexico, Whittaker Engineering is still, quite literally, finding new routes to explore.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
RigQuip to create 120 jobs and invest £10m in growth strategy
Aberdeen-headquartered RigQuip has announced plans to create 120 jobs and invest at least £10m in growth plans over the next five years.
BP, Shell step up carbon neutral LNG deliveries
BP is due to deliver a first cargo of carbon neutral LNG to Mexico’s Energía Costa Azul (ECA) terminal today.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
NXG opens larger Aberdeen HQ and launches Mexico operation
Drilling technology and services firm NXG has invested more than £1million to open new Aberdeen headquarters, and launch an operation in Mexico.
Oil price recovery drives E&P result for Eni
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
Petroleos Mexicanos employee deaths are accelerating with new Covid-19 wave
Covid-19 deaths at Mexico’s state-owned oil giant accelerated last month at the fastest pace since August amid a second wave of infections in the nation.
Cyprus, Mexico to lead drilling in 2021
IHS Markit expects companies to drill 38 high impact wells this year.