Mexico
News
December 10, 2019
Even as Mexico’s president and Pemex’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.
News
November 26, 2019
Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid and the debts are building up, complicating efforts to revive an industry whose production has plunged by half since 2004.
News
November 18, 2019
The government of Andres Manuel Lopez Obrador is changing rules for clean-energy credits, allowing aging hydroelectric dams operated by Mexico’s state-owned utility to qualify. The move, critics say, dilutes the value of credits initially intended for new wind and solar farms.
News
November 12, 2019
Repsol SA is looking as far away as Western Canada for oil for its European refineries amid dwindling supplies from Mexico and Venezuela.
News
November 04, 2019
Paradigm Drilling Services has recently expanded their teams in the Middle East and Mexico to service increasing drilling equipment demand.
News
October 29, 2019
Bonds of Petroleos Mexicanos rose after the producer reported the first output increase in six quarters as it taps easier-to-reach onshore and shallow water fields.
News
October 08, 2019
Maersk Supply Service has secured a 1.5-year contract with Blue Marine Group to support Pemex from subsea support vessel Maersk Installer.
News
API president & CEO Mike Sommers touts energy’s $2 billion economic impact on New Mexico communities
October 01, 2019
American Petroleum Institute president and CEO Mike Sommers today met with New Mexico business leaders, school administrators, and local leaders, who highlighted the transformational role of safe and responsible energy development in the Permian basin on the state’s economy and local communities.
News
September 27, 2019
The departures were sparked by a disagreement within the company over an external review of new formulas created to price oil sales to refiners in the U.S. and elsewhere.
News
September 19, 2019
Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International.
News
September 17, 2019
Schlumberger will start a new 5,080-km2 wide-azimuth (WAZ) multiclient survey in the Salina del Istmo Basin in the Gulf of Mexico Bay of Campeche, providing the first 3D coverage over this shallow-water target area that includes the recent Zama-1 discovery.
News
September 12, 2019
Whittaker Mexicana will offer a full range of Swire Oilfield Services DNV 2.7-1 certified units included Offshore Containers, baskets, waste skips and tanks to support the increased international operators drilling campaigns across Mexico.
News
September 12, 2019
Talos Energy has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located in the offshore portion of Mexico's prolific Sureste basin. Talos is the operator of Block 7 in a consortium with its partners Sierra Oil & Gas and Premier Oil.
News
September 09, 2019
Mexico’s balanced budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades.
News
August 22, 2019
Trelleborg’s offshore operation has been awarded a fast track contract to produce over 80 laminated elastomeric bearings for MODEC, a leading specialist for offshore floating solutions.
News
August 22, 2019
Mexico usually buys put options from a small group of investment banks, starting as early as May, in what’s considered one of Wall Street’s largest -- and most secretive -- annual oil deals.
News
August 08, 2019
Pemex received approval from Mexico’s National Hydrocarbon Commission (CNH) for a $10-billion, 25-year investment commitment to develop onshore and offshore exploration opportunities.
News
August 07, 2019
PJ Valves, the specialist manufacturer and supplier of valves for the global energy industry, has been awarded three significant FPSO valve contracts for projects in Brazil, Mexico and Nigeria.
News
July 30, 2019
Pemex won’t get a cash infusion from the country’s rainy-day fund, even as crude output declines and refineries idle.
News
July 26, 2019
AMLO seeks to invest $8-billion in a new refinery, modeled after Reliance's Jamnagar compound, while current refineries run below capacity and Mexico imports foreign fuel to meet demand.
News
July 16, 2019
Mexico’s Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year.
