South America / GoM
Country summary: Mexico
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Mexico - recent news
|10 Dec 19
||Mexico: Oil companies swap stakes in Mexico as government holds off on auctions
With Mexico’s government insisting that energy companies increase oil and gas output before it auctions off more of the country’s vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own.
|28 Oct 19
||Mexico: Cairn's Alom-1 well offshore Mexico disappoints
Cairn has completed the first well in its drilling programme offshore Mexico. The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. The objectives were found to be dry and the well will now be permanently plugged and abandoned.
|07 Oct 19
||Mexico: Maersk Supply to support Pemex in the Bay of Campeche
Maersk Supply Service has secured a 1.5 year contract with Blue Marine Group to support Pemex from subsea support vessel Maersk Installer. Joining Maersk Implementer, the vessels will assist the national oil company in achieving its targets of increasing production and carrying out safe operations.
|07 Oct 19
||Mexico: Chevron acquires 40 percent stake in three Mexico deepwater blocks from Shell
Chevron said on Friday it signed an agreement with a unit of Royal Dutch Shell to acquire a 40 percent stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation’s energy reform.
|19 Sep 19
||Mexico: Petrofac sells remaining 51 percent of Mexican operations
Petrofac has signed an agreement to sell its remaining 51 percent interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018.
Mexico - more news