Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.The reduced production implies that…
Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company…
Two workers died and another remained missing after a raging fire broke out early on Friday morning at an offshore platform run by Mexican state oil company Pemex just off the southern edge of the Gulf of Mexico.In posts on Twitter, Pemex said…
A fire broke out early Friday morning at the Nohoch-A offshore platform run by Mexican state oil company Pemex at the Cantarell complex, a source at the company said.Pemex has sent four vessels to extinguish the fire and is preparing to receive potentially injured workers at a nearby hospital…
South Korea’s HD Hyundai Heavy Industries Co., Ltd. said Monday in a stock exchange announcement that it had received a contract to build a floating production unit for a client in Mexico.The contract, awarded by an oil developer in Mexico, is worth 1…
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…
A unit of Mexico's Grupo Carso, controlled by the family of Mexican billionaire Carlos Slim, said on Thursday it has purchased a minority stake in Talos Energy Mexico for $124.75 million to obtain a portion of the offshore Zama oil project.The acquisition needs approval of Mexican regulators…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
Mexico's state-owned Pemex and a consortium led by U.S.-based Talos Energy submitted a development plan for a major offshore oil field to regulators on Thursday, in the latest step in a years-long saga over the potentially lucrative discovery…
Australia's Woodside Energy is on track to make a final investment decision this year on the Trion offshore oil project, which would inaugurate production in the deep waters of the country's Gulf of Mexico.[BHP Petroleum, now part of Woodside] partnered in 2017 with state-oil company Pemex…
Mexican oil and gas companies, including state giant Pemex, are lagging behind on their obligations to identify, report and mitigate methane emissions from their installations, an investigation by a group of non-profits found.Methane, a potent greenhouse gas that traps heat in the atmosphere…
Mexican state oil company Pemex produced an average of 1.856 million barrels per day in January, President Andres Manuel Lopez Obrador said on Monday, reiterating that production has recovered since he took office in 2018. An energy nationalist…
Mexican state oil company Petroleos Mexicanos (Pemex) said it has been falling behind in a global race to transition from fossil to renewable energy sources, and that stricter demands from environmentally conscious investors pose a threat. Investors…
Mexico's energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by Reuters, saying they would hurt state oil company Pemex and its plans to increase production…
China-based CIMC’s Asset Management Company has secured three-year contract extensions for two jack-up drilling rigs in Mexico.The rigs, Gulf Driller VI and Gulf Driller VIII , will continue working for the Mexican national oil company Pemex…