Mexico ///

Pemex commits $10 billion to onshore and offshore field development

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.

Borr Drilling lands three jackup contract with PEMEX

Borr Drilling has secured an integrated services contract to provide three jackup rigs to PEMEX under its “Cluster 2” agreement.

AMLO says Pemex won’t get emergency funds as there’s no crisis

Pemex won’t get a cash infusion from the country’s rainy-day fund, even as crude output declines and refineries idle.

Mexico’s president seeks to replicate India’s successes as Pemex slumps

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.

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

Emily Querubin, World Oil

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.

Markets lose hope for Pemex rescue

Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months, plunging the world’s most indebted oil company into junk status.

Mexico kicks off $7.7 billion refinery construction

Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery amid a call by President Andres Manuel Lopez Obrador for the country to become self-sufficient in energy production.

Trump tariff on Mexican oil could slam U.S. Gulf refiners

U.S. oil refiners could get hit if crude is included in President Donald Trump’s threatened 5% tariff on Mexican goods.

Changing the world, one supplier at a time

The oil & gas industry can be proud of the opportunities it creates in developing countries.

Pemex gets record $8 billion loan in bid to reassure investors

Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer.

McDermott awarded EPC contract by Eni México for Amoca field offshore Mexico

McDermott International, Inc. has announced the award of a contract by Eni México for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 mi (30 km) offshore Dos Bocas in southeast Mexico.