Mexico’s state-owned Pemex has restored the bulk of production lost due to a July 7 fire at its Nohoch-A offshore platform which injured 8 employees and killed two while another is still missing.
Woodside Energy Group forecast its share of the capex at $4.8 billion, while the remaining 40% will be funded by Mexican state-owned Pemex.
Midstream is focused on buying, building and growing in all ways, but in the meantime, first-quarter earnings are good.
In a regulatory filing, Schlumberger reported late payments from its primary customer in Mexico that were in excess of $500 million as of the end of 2021.
A U.S. oil service group introduced a $100 million claim before a World Bank arbitration court alleging Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements, lawyers for the firms and court documents showed on May 18.
Mexico’s energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc. over the future of a massive shared crude deposit, Talos CEO Tim Duncan told Reuters on Dec. 22.
Genesis has been awarded a pre-FEED contract from BHP for preliminary design of a semisubmersible FPU for the Trion development in the Mexican waters of the Gulf of Mexico on April 7.
Mexico's state oil company Pemex posted another quarter of major losses on July 26, weighed down by falling output and lower crude prices, as the heavily indebted firm faces the prospect of a fresh downgrade from credit agencies critical of its direction.
Mexico's national oil company Pemex narrowed its multibillion-dollar losses last year, executives said on Feb. 27, as it seeks to fast-track the development of 20 new fields this year in a bid to bring new streams of crude online.
Mexico's Pemex produced 1.62 million barrels (MMbbl) of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Feb. 22, underscoring the challenges facing a government that vows to pump far more in a few years.