Mexico
News
October 24, 2025
Tenaris has been awarded contracts to supply casing, tubing, line pipe, and coatings for Woodside’s Trion development—the first ultra-deepwater oil project in Mexico. The Trion field, developed with Pemex, targets first oil in 2028.
News
September 29, 2025
Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex's efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027.
News
September 02, 2025
Pemex is offering to buy back some $10 billion worth of its global bonds with cash raised by the Mexican government, according to a statement. The state-owned driller is looking to repurchase 11 series of notes denominated in euros and dollars due between 2026 and 2029.
News
August 06, 2025
The Mexican Association of Hydrocarbons Companies (AMEXHI) has released a statement celebrating the effort of the Federal Government and its energy and finance institutions to develop the Strategic Plan for the Strengthening of Petróleos Mexicanos (Pemex).
News
July 28, 2025
Mexico on Monday completed a $12 billion debt offering that will support state-owned Petroleos Mexicanos, the world’s most indebted oil major. Also on Monday, Pemex reported net income of $3.2 billion for Q2, its first profit in more than a year.
News
July 28, 2025
Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V.
News
July 14, 2025
Expro has been awarded a major three-year contract by Woodside Energy in support of the Trion deepwater oil and gas development offshore Mexico. Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility.
News
July 08, 2025
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved.
Article
June 2025
Following the initial oil find in Block 30, offshore Mexico, Harbour Energy drilled.
News
May 23, 2025
Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner tries to shore up its finances and boost production.
Article
April 2025
Big changes may be headed for hydrocarbon projects
News
April 22, 2025
Mexican industrial valve manufacturer Walworth opened its new production plant in Dubai, UAE, a key strategic step to strengthen its presence in the Middle East and significantly improve its supply chain in the region.
News
February 12, 2025
(Bloomberg) – Pemex (Petroleos Mexicanos) will split profits with private-sector partners in joint ventures that may account for as much as 10% of the state oil company’s output, said Mexico President Claudia Sheinbaum.
News
December 30, 2024
(Bloomberg) – Carlos Slim, Latin America’s richest man, invested $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon.
News
December 03, 2024
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. The project's engineering delivery will be led from McDermott's Houston office.
News
December 01, 2024
(Bloomberg) – Mexican state oil company Petroleos Mexicanos is putting a freeze on new contracts with service providers as the company works to pay off the roughly $20 billion it owes suppliers.
News
November 16, 2024
Rival Downhole Tools has announced its continued international expansion with the establishment of new legal entities, personnel, and facilities in Canada and Mexico, as well as strategic partnerships in Saudi Arabia, the UAE and Europe.
News
October 28, 2024
(Bloomberg) — National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers.
News
September 12, 2024
bp has chosen ABS to support its deepwater Kaskida project in the Gulf of Mexico. ABS will provide classification and engineering verification for the project's new semisubmersible production unit.
News
September 08, 2024
Slim has consistently ramped up his investments in Talos and US refiner PBF Energy Inc. over the past year in a sign that the 84-year-old billionaire sees plenty of upside in the oil and gas industry. In his native Mexico, Slim has partnered with Talos to explore one of the country’s most promising new discoveries in decades.
News
STRYDE to revive Mexico’s declining oil and gas reserves with two automoumous seismic node contracts
September 03, 2024
STRYDE, the company behind the world’s smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios Sísmicos de Exploración (SSE) and SeisGlobe Geoservices.
