Mexico News

 

Woodside’s Trion Receives Regulatory Approval

Aug 29, 2023

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, was subject to Trion joint venture approval and regulatory approval of the FDP.Both of these conditions have now been met.Woodside CEO Meg O’Neill said: “This milestone allows us to fully progress into execution phase activities with our contractors…

Woodside Makes FID in Trion Development, Mexico

Jun 20, 2023

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 Wins North American Pipelay Project

Sep 22, 2022

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…

Head of Mexico's Oil Regulator Quits

Sep 09, 2022

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 Extends Maersk Drillship Stay in Mexico

Sep 08, 2022

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…

Mexico's Pemex Expects Rare Annual Profit - CEO

Jul 29, 2022

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 Finds New Oil Offshore Mexico

Aug 02, 2021

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…

McDermott Ships Second Batch of Topside Modules for Modec FPSO

Nov 05, 2020

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 Set to Surpass North America's by 2024

Nov 03, 2020

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…

Mexico: Energy Minister Open to Pemex Farmouts

Oct 27, 2020

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…

Repsol Picks Stena Drilling Rig for Mexican Ops

Sep 22, 2020

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…

No New E&P Projects Expected in Mexican Plan

Sep 04, 2020

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…

Mexico: Pemex, Hokchi in Talks Over Shared Offshore Reservoir

Sep 03, 2020

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…

Dolphin Drilling Nets Offshore Drilling Work in Mexico

Sep 02, 2020

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…

PHOTO: Heerema's Heavy Lifter Installs Yaxche-C Platform in Mexico

Aug 21, 2020

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…

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