December 24th, 20180
Seacor Marine Holdings has formed a joint venue with a subsidiary of Mexico’s Proyectos Globales de Energía y Servicios CME to acquire Brazilian offshore vessel owner UP Offshore.
The joint venture acquired UP Offshore for a nominal amount, refinancing around $95m of the company’s debt including a $15m loan from Mantenimiento...
December 17th, 20180Qatar Petroleum entered into an agreement with Italy’s Eni to acquire a 35% interest in three Mexican offshore oil fields in Campeche Bay.
The agreement sees the company take a stake in the Amoca, Mizton, and Tecoalli fields, subject to approvals by the government of Mexico, while Eni continue to hold a 65% stake.
Saad Sherida...
November 6th, 20180US offshore driller Rowan Companies, currently in the middle of a $12bn combination with Ensco, has been awarded a contract in Mexico by Total for 2014-built drillship .
The contract is expected to commence early next year and is for a firm term of one well, estimated at around 60 days. The agreement also includes three one-well...
May 19th, 20180Mexico’s energy reform policy is being hampered by complicated regulatory requirements, according to Reuters which cites company bosses and government data to back up the claim.
Energy reform began in 2013 when President Enrique Pena Nieto started opening up the nation’s oil fields to foreign investors and reducing the monopoly...
April 21st, 20180Mexican authorities have banned all state entities – especially the oil firm Pemex - from having business dealings with the Brazilian engineering firm Odebrecht for two-and-a-half years, according to Reuters.
The reason is Odebrecht’s suspected involvement in corrupt dealings with Pemex, the former monopoly holder of domestic oil...
April 6th, 20180An advisor to the leftist candidate leading the polls ahead of Mexico’s presidential election has said that Andres Manuel Lopez Obrador would not overturn the energy reforms that have opened up much offshore oil and gas drilling to foreign and private competition, according to Reuters.
Just two weeks ago Lopez Obrador told an...
March 30th, 20180Irving, Texas-based ExxonMobil won eight blocks offshore Brazil in the latest round of bidding for the country’s oil reserves on Thursday, according to Reuters.
It will operate six of the eight blocks, all of which it won in partnership with other firms.
The winning bids include one of $844 million that Exxon will share with...
March 29th, 20180Mexico’s latest round of hydrocarbons bidding, this one for offshore blocks in shallow waters of the Gulf of Mexico, saw 16 contracts offered to 12 bidders on Tuesday.
The tendered contracts represent investments of $8.6 billion over the life of the contracts but the estimated resources in those areas are about 513 million barrels...
March 26th, 20180Mexico’s energy industry regulator the National Hydrocarbons Commission (CNH) has announced that its next round of tenders for offshore oil and gas development rights has attracted 36 companies from 14 countries.
Bids will open on March 27 and the bidders will be competing for rights in 35 shallow-water contractual areas which will...
March 24th, 20180French supermajor oil company Total has got the go ahead to start drilling deep-water exploration wells in the Gulf of Mexico in October, according to Reuters.
Approval came from Mexico’s energy industry regulator the National Hydrocarbons Commission (CNH) on Friday.
Under the four-year plan Total will drill Block 2 in the Perdido...
