Pemex
News
The EPC Market Keeps Its Head Above Water
While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Deepwater Roundup 2024: Americas
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Woodside’s GoM Trion Project Wins Social Impact Assessment Approval
Woodside Energy’s Trion is expected to start production in the Mexican sector of the Gulf of Mexico in 2028, and Woodside said the impact assessment will help the operator engage with local communities during the construction phase.
Mexico’s New Dos Bocas Refinery to Start Operations in February
Mexico’s President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, known as Olmeca, will commence operations in February 2024.
E&P Highlights: Jan. 8, 2024
Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
Wood Wins Trion Topsides Engineering Work
Detailed engineering design for Woodside’s Trion project in Mexico’s Gulf of Mexico will be handled out of Houston and Bogota by Wood.
Pemex Restoring Lost Production after Cantarell Fire
Mexico’s state-owned Pemex has restored the bulk of production lost due to a July 7 fire at its Nohoch-A offshore platform which injured 8 employees and killed two while another is still missing.
Australia's Woodside Okays $7.2B Trion Deepwater Oil Project in Mexico
Woodside Energy Group forecast its share of the capex at $4.8 billion, while the remaining 40% will be funded by Mexican state-owned Pemex.
High Demand Equals Higher Midstream Q1 Earnings
Midstream is focused on buying, building and growing in all ways, but in the meantime, first-quarter earnings are good.
Schlumberger Reports $500 Million in Payment Delays from Mexico
In a regulatory filing, Schlumberger reported late payments from its primary customer in Mexico that were in excess of $500 million as of the end of 2021.
U.S. Oil Service Group Seeks $100 Million from Mexico in Arbitration Claim
A U.S. oil service group introduced a $100 million claim before a World Bank arbitration court alleging Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements, lawyers for the firms and court documents showed on May 18.
Mexico’s Pemex, Talos to Keep Talking over Major Shared Oil Find
Mexico’s energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc. over the future of a massive shared crude deposit, Talos CEO Tim Duncan told Reuters on Dec. 22.
TechnipFMC Confirms Trion Pre-FEED Work for Genesis Subsidiary
Genesis has been awarded a pre-FEED contract from BHP for preliminary design of a semisubmersible FPU for the Trion development in the Mexican waters of the Gulf of Mexico on April 7.
Mexico's Pemex Spills More Red Ink As Threat Of Downgrade Looms
Mexico's state oil company Pemex posted another quarter of major losses on July 26, weighed down by falling output and lower crude prices, as the heavily indebted firm faces the prospect of a fresh downgrade from credit agencies critical of its direction.