Pemex was forced to evacuate its Sihil A platform in the Gulf of Mexico after a gas leak was detected. Mexico’s state-owned company confirmed 85 workers had been evacuated. The leak was believed to have started at 9pm local time. Pemex confirmed there was no fire or injuries as a result of gas leak.
Fugro has been awarded an extension on the ongoing offshore geophysical and geotechnical campaign being led by Pemex in a deal worth $13million. The company is working in conjunction with Diavaz on the project which will support exploration drilling activities in the Bay of Campeche and deepwater locations in the Perdido area.
More than a year after Mexico rewrote laws to give oil giant Petroleos Mexicanos the financial independence needed to compete with global peers like ExxonMobil, things aren’t looking good for the state-owned driller. With crude near a six-year low, output dropping and Moody’s Investors Service warning that it’s considering a cut to Pemex’s credit rating, investors are demanding a widening premium to own the company’s bonds instead of government notes. The extra yield they demand to hold the dollar debt from Pemex is at a six-month high of 1.1 percentage points.
Wood Group has won a $28million contract with Mexican state-owned oil company Pemex. The deal will see Wood Group Kenny (WGK) and Wood Group Mustang (WGM) provide deepwater and complex shallow water concept and basic engineering services.
Workers who were injured when a rig collapsed earlier this year have sued the rig manufacturer. The move follows an incident in the Bay of Campeche in the Gulf of Mexico in May in which a worker was killed. The 26 employees have taken legal action against Friede & Goldman and its affiliates Friede & Goldman LLC, FG Engineering Ltd and FG Engineering Ltd and FKA Friede & Goldman Ltd.
Mexico’s oil regulator has voted to change the rules for the second phase of the country’s round one auction. The move includes lowering a required corporate guarantee that was said to have initially put investors off. Last month the first inaugural oil auction – which covered 14 shallow water exploration blocks – took place. However, only two blocks were awarded in the first stage of the highly anticipated auction.
Mexican state oil company Pemex reached a $295 million settlement with a group including German industrial conglomerate Siemens in a longstanding dispute over a refinery project, a person familiar with the matter said on Monday. The deal was originally announced in March but did not give details of the final settlement. A Mexican official close to the negotiations said that Pemex had agreed to settle for $295 million. Earlier in the day, Pemex said in a statement that the deal struck definitively ends the 14-year-long dispute, but it did not give a sum.
EMGS (Electrogmagnetic Geoservices)has been given approval to acquire more than 80,000sq km of 3D electromagnetic data in Mexico. Regulator CNH (Comisión Nacional de Hidrocarburos) gave the nod for the deal, which will last over a five year period. The work will be conducted in the Salina de Itsmo basin which is thought to have attractive reservoir opportunities.
The first round of the historic opening into Mexico's crude market has closed with only two successful bids. A total of 14 blocks had been up for grabs in the landmark opportunity for companies looking to invest in the region. However, as the CNH (Comision Nacional de Hidrocarburos) moved through the blocks on offer it was clear Mexico's big gamble was off to a slow start.
Mexico has successfully auctioned two of the first seven blocks made available in the first of its historic oil and gas tenders. The North American country has opened up the industry, which had long been nationalised, for the first time since 1938. Both of the contracts have been awarded to a consortium of Sierra Oil & Gas, Premoer Oil and Talos Energy.
A leading industry figure believes Mexico must learn the lessons from Brazil as it opens its oil reserves to investors.
Mexico is gearing up for the first auction of new licences to private investors in almost 80 years. The government will hold the first of the sales, which it hopes will open the energy industry, and bring in an estimated $62.5billion by 2018. It is also expected to increase annual output in the country by 500,000 barrels a day.
State-owned oil producer Pemex has appointed Houston-based treatment specialist ProSep to deliver a crude blending project on-board a platform in the Gulf of Mexico.
Mexican state-owned energy giant Pemex will not be participating in round one of the country’s historic energy opening. The move was revealed by Mexican energy minister Pedro Joaquin Coldwell. The initial tenders are part of an opening which is aimed at helping to bring more private investment into the country’s oil and gas sector.
Petroleos Mexicanos’ exploration and production director will be temporarily reassigned a week after a fatal oil platform collapse in the Gulf of Mexico. Gustavo Hernandez, who was appointed E&P director last year, requested the 40-day reassignment and will move to a role focused on assisting Pemex to form partnerships with private companies that are seeking to enter Mexico’s recently opened oil industry, the official said. His former role will be temporarily overseen by his former chief of staff, Javier Hinojosa, as Pemex begins structural changes that were announced last year.
An accident on an offshore maintenance rig in the Gulf of Mexico has left two workers dead. The Troll Solution rig in the southern Bay of Campeche has been contracted to operate in Pemex's Abkatun-Pol-Chuc shallow water oil field. It was positioning itself to carry out maintenance on wells linked to the Caan Alf platform.
Pemex is trying to contain an oil spill which was punctured by thieves. The Mexican state-owned company said the Gulf coast region of Tabasco has set up an emergency plan in order to supply drinking water to the capital of Villahermosa. Workers were sent to the spill, which happened last week, as they made an attempt to limit any damage. Four of the region's water treatment plants were shut down as a precaution.
A search for three missing workers following a fire on a Pemex oil platform in the Gulf of Mexico is still underway. The incident, which happened last Wednesday, killed four people and left dozens of other workers injured. The state-owned company said repairs have begun to resume production at the facility while the search for the missing workers continues. Pemex said it expects it will meet its output target of 646,000 barrels per day (bpd) for the region despite it being shut down on the platform following the fire.
Three workers are missing following the huge blaze on an oil platform in the Gulf of Mexico that killed four workers and burned for hours. Petroleos Mexicanos, or Pemex, said it became aware of the missing workers when it recounted personnel after Wednesday’s fire on the Abkatun-A Permanente shallow-water platform in the Campeche Sound. One of the missing workers was from Pemex and the other two were employed by contractor Cotemar, the company said.
Flames once again ripped through the darkened skies over the Gulf of Mexico. Workers, fearing for their lives, jumped into the black waters. Four died in the blast. Forty-five others were injured, including 16 who were hospitalized. The chilling video of fire engulfing an oil processing platform early Wednesday off the Mexican coast summons the ghosts of another disaster that happened in the same body of water five years ago. The Deepwater Horizon disaster was more deadly, killing 11 workers and seriously injuring 17 more.
A fire on a platform in the Gulf of Mexico, leaving four workers dead, was the most read story on Energy Voice this week. The incident happened on Wednesday, as 302 workers were evacuated and dozens were taken to hospital to be treated. Mexican state-owned Pemex said the fire on the Abkatun Permanente platform in the Bay of Campeche had since been put out. One of the workers killed was from Pemex, while another was a contractor working for services firm Cotemar. Two others killed in the fire have yet to be identified.
Pemex has denied reports one of its platforms had collapsed following a fire which killed four people. The state-owned Mexican company published an image taken of the Abkatun Permanente platform in the Bay of Campeche less than 24 hours after the incident which showed the extent of the damge caused. It comes after photos appeared on social media reporting to show the platform had collapsed following the blaze.
Premier Oil has made a discovery at an oil and gas well in the Falkland Islands. The company said the Zebedee well will now be plugged and abandoned as a successful exploration well. A total of 81 feet of net-oil bearing reservoir and 55 feet of net gas-bearing reservoir was discovered in the well. In February Falklands oil explorers shook off concerns about low crude prices as they revealed plans to press ahead with work in the region.
Pemex chief executive Emilio Lozoya Austin has expressed his gratitude to staff dealing with a fire in the Gulf of Mexico which has left four people dead.
Oil major Chevron and state-owned Pemex have signed an MOU (Memorandum of Understanding) to explore opportunities for collaboration in deepwater and heavy oil fields. The companies signed the document in Mexico City, which will provide the opportunity to work jointly across a wide range of projects which could be beneficial for both.