Following Schlumberger’s WesternGeco and ION’s announcement of a new 3D multiclient reimaging broadband program offshore Mexico, WesternGeco’s president, Maurice Nessim, announced a new partner on Thursday. The project will be joined by Malaysia’s national oil company Petroliam Nasional Berhad’s (PETRONAS) through its wholly-owned subsidiary, PETRONAS (E&P) Overseas Ventures Sdn Bhd, who will license a significant […]Continue Reading →
Last Thursday McDermott International, Inc. started the construction of Abkatun-A2, the largest McDermott project for PEMEX regarding size and financial investment. Abkatun-A2 will replace the platform Abkatun-A, which was damaged in April 2015 during a fire and will be installed in Campeche at a 124 ft. depth. In a press release, McDermott stated this project […]Continue Reading →
Fieldwood Energy and its Mexican partner PetroBAL could start production as soon as 2019 on the two shallow water oil fields it won at an auction last year in Mexico’s newly opened oil & gas sector, Fieldwood’s CEO Matt McCarroll told Bloomberg News in an interview this week.
The Ichalkil Pokoch fields’ potential appears to […]Continue Reading →
On September 6th Mexico’s Ministry of Finance released the minimum royalty values for companies participating in Round One’s last oil tender, as well as the economic conditions for the Trion farm-out. Both announcements have been highly anticipated by the operators expecting to enter the deep-water market in Mexico.
Regarding the deepwater oil tender, the Ministry […]Continue Reading →
Robert Gordon University in Scotland has been awarded funding for the creation of a program aimed at resolving the skills shortage in Mexico’s oil and gas industry. The Aberdeen-based institute secured the resources from the British Embassy in Mexico through the UK government’s Prosperity Fund.
The initiative will contribute towards filling the estimated 135,000 jobs […]Continue Reading →
US-based oil giants Exxon Mobil Corp, Chevron Corp and Hess Corp will form a group to bid in Mexico’s deepwater round next December 5, according to a direct source cited by Bloomberg. The three companies will seek to win drilling rights for one of the 10 offshore blocks to be auctioned in R1-L04, the fourth […]Continue Reading →