Woodside’s Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy.Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. It is located in the Gulf of Mexico at a water depth of 2…
Mexico's government approved a new 'fiscal stimulus' for its heavily indebted state energy company Pemex, according to a decree published on Tuesday, part of a strategy meant to meet its obligations and undertake investments this year.The stimulus…
State energy company Pemex released large volumes of methane from an oil platform in the Gulf of Mexico last year, with leaks recurring even after a United Nations agency flagged problems there to the Mexican government, according to a Reuters analysis of previously unreported U…
Paratus Energy Services, through its subsidiary SeaMex Holding, has secured a one-year contract for the Titania jack-up rig in Mexico.The new contract will contribute approximately $55 million in backlog and is expected to start around mid-February 2024…
Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday.Deputy Finance Minister Gabriel Yorio told…
The world's largest oil services company, SLB, said on Wednesday that it was recovering $560 million of the $1.015 billion it is owed by Pemex via a financial institution that had loaned the Mexican state company money.SLB, formerly known as Schlumberger…
Australian oil and gas major Woodside has awarded a major contract to Mexican company Eseasa Offshore for the supply of shore base facilities and services in support of the the Trion oil and gas project offshore Mexico.Eseasa will provide a…
U.S. energy company New Fortress Energy NFE.N expects to produce the first liquefied natural gas (LNG) at its Altamira export plant in Mexico by the end of the year, it said on Wednesday.Atlamira will be Mexico's first LNG export plant.The company…
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy NFE.O have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said…
Oilfield services firm TechnipFMC said Tuesday it had won a contract with Australia's Woodside Energy to manufacture flexible pipe for a deepwater oilfield development in Mexico.Under the contract of an undisclosed value, the company will supply…
Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.Under the agreement, Pemex workers will receive 4.16% higher salaries and 2…
U.S.-based oil and gas company Talos Energy has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos Slim.Talos Mexico, now owned 50…
Energy companies Chevron and Repsol decided to quit offshore oil and gas exploration areas in Mexico, the regulator for the sector said on Thursday, joining more than a dozen other companies after disappointing results.Both had won the blocks in the Gulf of Mexico in a tender process…
Woodside has announced that the Trion field development plan (FDP) has been approved by the Mexican regulator, Comision Nacional de Hidrocarburos (CNH).Woodside’s final investment decision (FID) to develop the Trion resource, announced 20 June 2023…
The chief executive officer of Mexican state energy oil Pemex on Wednesday sought to downplay an oil spill in the Gulf of Mexico this month, saying it was quickly fixed and less serious than academics had calculated.Pemex has been under intense…