Mexico’s state-owned oil company PEMEX’s requested and was denied a request to migrate its huge Ku-Maloob-Zaap asset to a single Exploration and Extraction Contract without a partner, in a move that could have lowered the tax burden attached to the Gulf of Mexico field, media reports said.
The proposal, presented to CNH by SENER, was […]Continue Reading →
Following the results of the US election, the markets have reacted in different ways and ripple effects are expected across several industries globally. As Mexico continues to roll out its 2013 Energy Reform, questions about how the US’ political direction will affect Mexico’s opening oil and gas market abound.
The Mexican Peso
The Mexican […]Continue Reading →
Mexico’s Energy Reform achieved a milestone this week as Argentina-based Pan American Energy (PAE) started drilling in the Hokchi-2 well on Sunday, the first time a non-PEMEX operator has ever drilled in Mexican waters.
Richard Spies, PAE’s Chief Executive, said that operations in the Tabasco-based block commenced at 1.30am local time on Oct. […]Continue Reading →
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 →
When Farstad Shipping ASA was bidding on a project in Mexico’s Cantarell Field, HB Rentals quickly spotted an opportunity to position itself as the frontrunner to provide the Norwegian company’s temporary living quarters (TLQ). The bid process moved so quickly for the Inspection, Maintenance, and Repair (IMR) project that Farstad was not able to fully […]Continue Reading →
Offshore life is tough. Employees working on oil platforms have to leave their families and homes to spend two to four weeks in facilities located in the middle of the sea. Besides the demanding platform work, workers have to get used to the weather, the movement of the waves, and the isolated location. To make […]Continue Reading →