WorldOil Pemex seeks to reverse oil declines, balance budgets 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. Pemex under pressure with AMLO ruling Mexico’s economy The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails. Mexico’s moratorium on oil auctions gives rival Brazil an edge Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Siemens’ gas turbine generator packages to power Eni Mexico Area 1 FPSO Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC’s floating production, storage, and offloading (FPSO) vessel. World of oil and gas Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin. Trelleborg awarded major contract in Mexico Trelleborg’s offshore operation has been awarded a major multi-million-dollar contract by Mexican state-owned petroleum company, Pemex, for Elastopipe. Maersk Drilling secures contracts for Maersk Valiant in Mexico Maersk Drilling has secured contracts for a two-well project for the drillship Maersk Valiant with Repsol Exploración Mexico, S.A. de C.V. for work in Block 10 and 29 offshore Mexico in the Gulf of Mexico. Premier Oil reports significant resource upgrade at Zama Premier has announced that it has significantly increased its resource estimate of Zama field offshore Mexico, following its evaluation of the data acquired from the highly successful Talos Energy-operated Block 7 Zama appraisal campaign. Talos Energy completes Zama appraisal program Talos Energy Inc. today provided an update on the Zama appraisal program in Block 7, located in the offshore portion of Mexico's prolific Sureste basin. Oceaneering to perform first deepwater AUV survey in Mexico Oceaneering International, Inc. has secured a contract to perform the first-ever deepwater Autonomous Underwater Vehicle (AUV) survey in Mexican waters.