The U.S. government on June 17 issued a warning about the threat posed by pirates to boats and oil installations in the southern Gulf of Mexico, in the latest sign of concern about ongoing security challenges facing Mexico.
“Armed criminal groups have been known to target and rob commercial vessels, oil platforms, and offshore supply vessels in the Bay of Campeche area in the southern Gulf of Mexico,” the U.S. State Department said in an updated travel advisory.
The overall risk level for Mexico remained the same in the bulletin, but the warning comes after a number of reported incidents in recent months including an attack in November on an Italian flagged vessel off the state of Campeche.
President Andres Manuel Lopez Obrador took office 1½ years ago pledging to bring down record levels of gang-related violence plaguing the country. Instead, however, homicides hit a new record last year and they have stayed high this year.
Recommended Reading
EOG’s Donald F. Textor to Retire from Board
2025-02-11 - Textor was first elected a director of EOG Resources in 2001, where his counsel played a key role in EOG’s growth, Chairman and CEO Ezra Y. Yacob said in a press release.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.