Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. First oil is targeted for 2028.Woodside is operator with a 60% participating interest and PEMEX holds the remaining 40%.The forecast total capital expenditure is US$7…
Allseas has been awarded a substantial construction contract by TC Energy for a major offshore pipeline delivering natural gas to southeast Mexico.The firm's pipelay vessels, Pioneering Spirit, Hidden Gem and Solitaire, will install the 36-inch pipeline…
Mexican senators will consider a new head of the country's powerful oil regulator, according to legal announcements to lawmakers dated Wednesday and Thursday, after the current head abruptly resigned.National Hydrocarbons Commission (CNH) President…
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract…
Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.If achieved, it will be Pemex's first annual profit in more than a decade…
Eni announced an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water of the Cuenca Salina Sureste Basin, Offshore Mexico. According to preliminary estimates the new find may contain between 150 and 200Mboe in place…
Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first…
South America’s offshore output is on track to surpass volumes coming from North America by 2024, energy intelligence group GlobalData said Tuesday.While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended…
Mexican Energy Minister Rocio Nahle said on Monday so called farmouts, or joint ventures, could be done with state oil firm Petroleos Mexicanos if feasible projects are put forward, marking a potential shift from her previous skepticism.Nahle…
Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico.Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise…
A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday…
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday.The ministry said Pemex…
Offshore drilling contractor Dolphin Drilling has won a drilling rig contract in Mexico with the country's national oil company Pemex.Dolphin Drilling said Tuesday the contract was for the Blackford Dolphin semi-submersible drilling rig. The value of the contract…
Dutch offshore installation and construction company Heerema Marine Contractors has installed Pemex's Yaxche-C jacket and topside in Mexico, under a contract awarded by Cotemar.Heerema used its 'most experienced vessel' semi-submersible crane…