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 →
Has the deepwater sector irreparably sunk?
A day before Halloween, major international companies announced some spooky news. After 17 months of dropping oil prices with no end in sight, they are turning away from the costly, high-risk megaprojects that were previously claimed as the future of the industry. US oil producers are switching to […]Continue Reading →
On Monday evening, Edgar Rangel Germán, Commissioner of CNH, posted on his Twitter account about CNH’s efforts to set a trend in Enhanced and Improved Oil Recovery, colloquially known as EOR and IOR.
Both methods involve any process, or combination of processes, that are applied to economically increase the volume of oil recovered from the […]Continue Reading →
The bidding terms for the first blocks of Round One were presented yesterday in a ceremony that marked the starting point for oil exploration by local and international private companies in Mexico, something that was defined as an “unprecedented milestone in the history of the country“ by Pedro Joaquín Coldwell, Minister of Energy.
“Today […]Continue Reading →
Farming out exploration and production blocks in Mexico’s hydrocarbon assets is clearly a trending topic in the international oil and gas community. Just a few days after the enactment ceremony of the Secondary Laws, PEMEX’s E&P Director General Gustavo Hernández revealed a list of potential partners to tap into the country’s deepwater opportunities. Given […]Continue Reading →
Last Wednesday, amidst the rumors about a new deepwater oil discovery, Pemex came out with an official announcement through the media: the ‘Exploratus-1’ well has struck oil – light crude, to be specific. After several reports leaked information on the oil discovery during Monday and Tuesday, Carlos Morales Gil, Director General at Pemex E&P came […]Continue Reading →