Seadrill ‘reviewing legal options’ in Pemex contract cancellation dispute
Drilling contractor Seadrill is “reviewing its legal options” in a dispute with Mexican state-owned company Pemex over a rig contract cancellation.
Mexico
Northcote inks oilfield waste treatment agreement with Pemex
A subsidiary of Northcote Energy has signed a preliminary agreement with Pemex to carry out waste treatment services for the Mexican-state owned oil company. Mayan Drilling Fluids (MDF) will use its soon-to-be commissioned treatment facility in Comalcalco, Mexico, to recycle oil cuttings from fields operated by Pemex, if a binding agreement is reached. MDF is a joint venture between Northcote, which holds 51% of the enterprise, and its Mexican partner Gaia Ecologica.
SapuraKencana Petroleum wins $113m Pemex contract
SapuraKencana Petroleum has won a contract worth $113million from Pemex.
Pemex said to boost fuel imports for August on refinery shutdown
Petroleos Mexicanos is ramping up fuel imports for next month to make up for the shutdown of its fourth-largest refinery this week, according to a person familiar with the matter.
MX OIl invests in Nigeria and Mexico to beat downturn
MX Oil said it was pursuing an investment strategy to beat the industry downturn. The firm is focussing on Nigeria and Mexico as areas to plough its cash into. In the past year, it has managed to raise £11million.
Fugro deploys vessel to support TGS survey work in Mexico
Fugro has deployed multi-purpose offshore vessel the Fugro Gauss to join one of its other vessels in Mexico as it completes the world’s largest seep-hunting survey for TGS.
McDermott International wins $454m contract for new Abkatun platform
McDermott International said it has been awarded a $454million contract from Pemex for engineering, construction and installation of the Abkatun-A2 platform.
Mexican ambassador aims to boost Scottish oil and gas links
Mexico’s ambassador to the UK, Diego Gomez Pickering, is visiting Scotland today to discuss business opportunities between the two nations.
Pemex expected to present first deepwater tie-up
Mexican state oil firm Pemex will present its first possible deepwater tie-up with oil firms in the Trion field.
Wood Group forms JV in Mexico
Wood Group Mustang has agreed a joint venture with Grupo Diavaz, a Mexican oil and gas operator and services company.
Oil majors talk to Pemex over Gulf of Mexico prospects
Oil majors are in talks with Mexico's state-owned Pemex as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
MX Oil suffers setback with disappointing Mexican results
MX Oil has suffered a setback after it revealed its flagship assets in Mexico are not worth progressing.
Mexico’s proven oil and gas reserves drop by more than 20%
Mexico's oil and gas reserves dropped by 21.3% last year, according to the country's regulator.
Moody’s cuts Pemex rating
Moody's Investors has downgraded the credit rating of Mexican state oil company Pemex.
Protesters rally against US Gulf of Mexico oil and gas leases
Plans to sell off oil and gas leases in the US have been hit by protests from environmentalists.
Mexico to proceed with auction round for shale fields this year
Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from US drillers eyeing expansion south of the border, according to Deputy Energy Minister Lourdes Melgar.
Pemex woes trigger 2,000 provider job cuts as boom turns to bust
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom.
BP avoids lawsuits over moratorium that followed Gulf spill
BP Plc won’t have to face lawsuits by energy and oilfield service companies over losses they blamed on the U.S. offshore drilling ban imposed after the 2010 Gulf of Mexico oil spill.
Two killed and eight injured in fire on Mexico offshore platform
A fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight.
SgurrEnergy gets closer to Mexican renewables market
Scottish renewable energy consultancy, SgurrEnergy, has opened an office in Mexico City to support the Americas' growing green power sector.
Amec Foster Wheeler wins third generator contract in Mexico
Amec Foster Wheeler has won a third contract in as many months from Mexico's Iberdrola for the design and supply of two Heat Recovery Steam Generators (HRSGs).
Would you let drug baron El Chapo invest in your oil business? He’s interested
A Mexican drug lord interviewed by Hollywood actor Sean Penn for a magazine article has claimed he would turn his hand to the energy sector. Joaquin “El Chapo” Guzman was interviewed by the actor in the Mexican Jungle at a secret location.
Virgin Mexican oilfields lure next generation of wildcatters
While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos across the border in Mexico. Welcome to the land of opportunity.
Northcote reviews MX Oil’s Mexican onshore options
Northcote Energy said it continues to review the terms of awards for potential Mexican opportunities with MX Oil.
Pemex to announce job cuts with oil production at 25-year low
Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient. The state-owned oil producer is set to announce job cuts for next year as part of the plan to restructure the company and to synchronize itself to industry standards, interim Chief Financial Officer Rodolfo Campos said in a phone interview Wednesday.