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Companies in the news

Michele Cowart, World Oil

Companies in the news

Premier Oil has completed the Babbage Area sale

Premier has completed the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd.

Sparrows signs five-year servicing order with Pemex Procurement International

Sparrows Group has signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its cranes situated on assets in four of the Mexican national oil company’s developments in the region.

Talos Energy has commenced its Zama appraisal program

Talos Energy Inc. has announced that the Zama-2 appraisal well was spud in late November 2018. The spudding of the Zama-2 well marks the commencement of the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.

McDermott wins contract for GOM field development

McDermott was awarded a contract for concept and engineering services for Talos Energy for the Zama field. The development is the first offshore Mexico block awarded to a private operator. The contract is for engineering services, including concept selection and follow-on pre-FEED.

Scottish universities to partner in major energy sector education program in Mexico

The North-east of Scotland is set for an international boost, as its universities have been named as two of only four European institutions to be chosen by the Mexican Government to work in collaboration with Mexican universities to address the future needs of the country’s energy sector.

Talos Energy gets approval for Zama appraisal plan

Talos Energy Inc. has announced the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery.

Mexico oil auction winners stay positive as industry slows down

Mexico’s oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a feature of the country’s political transition and won’t be permanent.

Pemex, Block 7 consortium sign Mexico's first pre-unitization agreement

Petróleos Mexicanos (Pemex) and Talos Energy, as operator of the Block 7 Consortium, have announced that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and Premier Oil) have signed a pre-unitization agreement (PUA) related to certain tracts within the Amoca-Yaxche-03 allocation and the contiguous Block 7 production sharing contract.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.

AMLO targets $3.9 billion in new oil investment

Mexico’s next president Andres Manuel Lopez Obrador will allocate 75 billion pesos ($3.9 billion) in the budget next year to oil extraction in a bid to resuscitate flagging output.

Mexico's next president says historic oil auctions will continue

Mexico’s next president said he will continue with oil auctions in the first signs that he is backtracking on plans to scale back the country’s historic 2014 energy reforms.

Ikon Science donates geoscience software to Mexico's ITPE

Ikon Science, the leader in geoprediction technology, has donated 12 of its RokDoc geoscience software licenses to the ITPE - Instituto Tecnológico del Petróleo y Energía in Merida, Mexico.

Sources say AMLO plans to name Ruiz Alarcon as the next Pemex E&P chief

Mexico President-elect Andres Manuel Lopez Obrador will name Fluvio Ruiz Alarcon as Petroleos Mexicanos’s next exploration and production chief, according to two people with knowledge of the plans.

Mexican economy stalls with declines in oil and industry output

Mexico’s economy stalled in the second quarter amid a drop in oil and industrial output and a slowdown in services activity.

AMLO is said to favor cutting red tape on Pemex partnerships

Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way.

Mexico’s president-elect oil stance complicates Nafta talks

As Mexico pushes to wrap up a Nafta deal with the U.S., negotiators are facing a new challenge.

OPEC plus or OPEC minus? Rosneft points to oil cartel in flux

Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.

McDermott awarded EPCI subsea tie-back contract for Pemex's Ayatsil field

McDermott International, Inc. has announced a sizeable contract award by Pemex Exploración y Producción for subsea pipeline flowline installation in support of Ayatsil field, located 50 mi northwest of Ciudad del Carmen, in the Bay of Campeche, offshore Mexico.

Petrofac sells interest in Mexico for $200 million

Petrofac Limited has announced that it has signed an agreement to sell 49% of the Company’s operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited.