European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Pemex
Offshore seismic on the up
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Mexico’s giant oil discovery no silver bullet for ailing Pemex
Even as Mexico’s president and Petroleos Mexicanos’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller.
OGCI reveals new initiatives to meet Paris goals
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Oil and gas ‘probably not top of list’ for young people right now, Scottish Enterprise boss says
Scotland's oil and gas sector is "probably not top of the list" for young people considering future employment, according to a Scottish energy chief.
Aramco starts fuel trading from UAE with ex-BP, Pemex hires
Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle East’s main bunkering port as the world’s biggest oil exporter expands further into the trading business.
Death toll rises after Mexico pipeline blast
The death toll from a pipeline explosion in central Mexico has risen to 66, according to Hidalgo state governor Omar Fayad.
Pemex hopes Gulf discoveries mesh with new president’s goals
Leaders of Mexico's state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López Obrador, who spoke of rolling back the nation's recent energy reforms and building new refineries.
McDermott wins Mexican pipeline deal
US oilfield service firm McDermott International has won a pipeline installation contract with Mexico's Pemex.
Slowing Mexico oil reform would be ‘a shame,’ Pemex CEO says
Mexico’s 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
Petrofac converts contact into block interest
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
Eni the big winner in Mexican offshore round
Eni was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.
Killer refinery fires no help as Pemex seeks new partners
Fatal fires at two Pemex refineries over the past four months have come at a bad time.
Pemex so cash-starved it’s selling little league baseball field
Pemex has put a kids’ recreation park up for sale as it combs through its assets searching for property it can exchange for needed cash.
BHP Billiton to partner with Pemex on joint venture in Gulf waters
BHP Billiton has won a contest to partner with Pemex in a joint oil venture to develop a deepwater field in untapped Gulf waters.
Crude oil exports from Mexico rose almost 22% last month
Pemex said crude oil exports rose nearly 22% in September compared to the same month last year.
Pemex reshuffles bonds to buy time for CEO’s turnaround plan
Petroleos Mexicanos has turned to bond repurchases, maturity extensions and swaps to reduce shorter-term debt, Chief Financial Officer Juan Pablo Newman said.
Video: Oil tanker ablaze in Gulf of Mexico
The crew had to be evacuated from an oil tanker after it caught fire in the Gulf of Mexico on Saturday, a news report said.
Mexico’s 2017 budget cuts for Pemex fall short of expectations
Petroleos Mexicanos, the state oil company, may avoid deeper cuts to its 2017 budget if lawmakers approve an 86-billion-peso ($4.6 billion) reduction proposed by the Finance Ministry.
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.
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.
KKR’s Mexican oil deal kicks off new era in funding for Pemex
The biggest corporate issuer of bonds in emerging markets appears to be taking a breather.
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.