Petroleos Mexicanos News

Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island, according to vessel monitoring data.Following days-long lines to fill drivers' tanks and power blackouts, the communist-run nation saddled with harsh U.S. economic sanctions has broadened its sources of oil imports in a move to ease fuel scarcity, replenish stocks and reduce dependence on its traditional and largest supplier, Venezuela. Washington has also sanctioned Venezuela's oil industry since 2019 over election-fraud claims.Mexico has emerged as a top provider, sending oil on a vessel owned by state oil company Petroleos Mexicanos (Pemex) and ships managed by Cuba.

High rates worldwide for moving oil are driving up Mexico’s fuel costs as importers face tanker fees on North America’s busiest maritime route that are more than double levels seen in recent years, traders and shippers said.On routes to Mexico, the extra costs have added price volatility to an otherwise stable freight market, according to Refinitiv Eikon data and people familiar with the matter.The rates are the latest blow to state oil company Petroleos Mexicanos, which controls the bulk of fuel imports later sold at subsidized retail prices.

Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said on Monday.The fire broke out as crews were performing maintenance on the platform, and a search for missing workers continues, Pemex Chief Executive Octavio Romero told a news conference.The platform remains out of operation, with about 421,000 barrels per day of oil lost and 125 wells offline, he said.

Mexican authorities said on Sunday they had confiscated a vessel in the Gulf Coast state of Veracruz and a warehouse in neighboring Tabasco along with storage tanks and trucks used by criminal groups to steal, transport and store hydrocarbons.Fuel theft has been a problem in Mexico for decades but President Andres Manuel Lopez Obrador has enacted a range of measures to stamp out the practice and crush corruption and organized crime.State oil company Petroleos Mexicanos said in a recent presentation that an estimated 106 billion pesos ($5.02 billion) had been saved since Lopez Obrador took office in December 2018.Various anonymous complaints about criminal groups siphoning off hydrocarbons from pipelines in the area led to the operation…

An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted exports earlier this month, according to a person with knowledge of the matter and data from Refinitiv Eikon.The FPSO facility (floating production, storage and offloading), which has the capacity to store up to 2.2 million barrels of crude, halted loading of vessels for exports after making "contact" with the Olympic Future tanker on July 1 due to bad weather conditions…

U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy. The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on the United States for strategic energy supplies and providing business worth more than $15 billion a year to refiners such as Valero, Marathon Petroleum and Citgo Petroleum. The rise in Mexico's fuel imports reflects an economy that, after expanding for 27 quarters in a row even amid a public austerity plan, has been unable to increase its refining output to satisfy the consistent growth of its energy demand.

Following a two-year period of plan approval and newbuild supervision services provided by Bernhard Schulte Shipmanagement’s project focused business, Schulte Marine Concept, BSM's Mexico based Ship Management Centre has commenced management of Reforma Pemex, the first of two offshore ‘flotel’ accommodation vessels owned by Petroleos Mexicanos International (PMI) and chartered to the Mexican National Oil Company Petroleos Mexicanos (PEMEX). Commencing operations from the beginning of January 2017, Reforma Pemex set sail in late November from the Barrera Shipyard in Vigo, Spain en route to the Gulf of Mexico where she will host up to 700 PEMEX personnel working on offshore platform fields in the Campeche area.

Oil majors are in talks with Mexico’s state-owned Petroleos Mexicanos (Pemex) as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico, reports Bloomberg. Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total SA and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico. Pemex seeks Areas of Mutual Interest agreements to evaluate whether the companies have opportunities to work together in offshore areas. The talks would indicate the world’s oil majors are interested in partnering with Pemex to produce the country’s underdeveloped crude reserves or bid with Mexico’s state-owned operator in the country’s first-ever deep water auctions in December.

An oil platform run by Mexico’s state oil company Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico suffered what appeared to be an explosion on Monday. Pemex confirmed that there had been an “accident” and a “fire” after a leak of oil and gas, while local media called it an “explosion”. The company claimed to have contained the oil and gas leak that appears to have sparked a fire on its satellite oil platform. However, it said any impact on output remained unclear. Local media said there was an explosion and a fire on the platform. The platform, Akal-H, is part of the Akal field complex, one of the most productive areas within Cantarell, which in the late 1970s was one of the world's top-producing oil fields.

Four workers were killed and 16 were injured in a fire that broke out midweek at the Pemex-operated Abkatun Alpha platform in Mexico’s Bay of Campeche. Petroleos Mexicanos, with the support of the Navy succeeded in extinguishing the blaze. Once the fire was drowned last night in Abkatun A-Permanent platform, Pemex staff yesterday several trips to ensure the entry of the authorities of the PGR, the National Agency of Industrial Safety and Environmental Protection Sector Hydrocarbons (ASEA) and the Secretariat of Labor and Social Welfare, which conducted the surveys and analyzes to determine the cause of the accident. Furthermore, inspection of the rest of downtown Abkatun Alfa process is structurally determined under conditions suitable to restore its operation.

Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency Response Plan for Hurricanes (PREH) of Pemex, recommended the suspension of the removal of offshore platforms in Campeche. On platforms remain toiling around 16 thousand workers whose activities are directly related to production. As reported in the morning, as a preventive measure, Petroleos Mexicanos further evictions of maintenance workers, support and ancillary services in the marine area. In total, 11 000 workers were evacuated from the 15,000 who had enlisted, who will return to their work when weather conditions permit.

BHP Billiton and Petroleos Mexicanos (Pemex) today signed a memorandum of understanding and cooperation (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry. On signing the MOU, BHP Billiton Petroleum and Potash President, Tim Cutt said: “We see considerable opportunity in Mexico following the recent economic reforms, and we are excited about the deepwater and the extension of the Paleogene play into the Perdido play. “We are very pleased to have the opportunity to work with Pemex due to its exceptional capability and experience. We are confident that we are one of the lowest cost and best drillers in the deepwater Gulf of Mexico.

Keppel Offshore & Marine (Keppel O&M) has strengthened its foothold in the offshore and marine industry in Mexico with the signing of an MOU (memorandum of understanding) with PEMEX Exploracion y Produccion (PEP) and P.M.I. Norteamérica, S.A. de C.V. (PMI), both subsidiaries of Mexico's national oil company, Petroleos Mexicanos (PEMEX). The MOU is to jointly develop, own and operate a yard facility in Mexico, the first phase of which is to support the construction of six KFELS B class jackup drilling rigs for PEP. The MOU was signed today by the General Director of PMI, Dr. Jose Manuel Carrera Panizzo, and the Chief Operating Officer and CEO-Designate of Keppel O&M…

Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract from PEMEX Exploracion y Produccion, a subsidiary of Mexico's national oil company, Petroleos Mexicanos (PEMEX), to build two KFELS B Class jackup rigs worth US$420 million. Scheduled for delivery in 1Q 2015, the high specification rigs will be the 19th and 20th KFELS B Class rigs on order at Keppel, with 36 already delivered in the past decade. When completed, the two rigs will join a number of KFELS B Class jackup rigs built by Keppel for Mexican customers. This includes the Primus jackup rig recently delivered to Oro Negro as well as the Tonala rig operated by Peforadora Central.

Under the Technology License Agreement, BP will make available technical information that PEMEX E&P can use. Petroleos Mexicanos Exploration and Production (PEMEX E&P) and BP's agreement is for the latter to share the technical information it used to build its own global deepwater well-capping equipment. Under the Technology License Agreement, BP will make available technical information that PEMEX E&P, one of four subsidiaries of PEMEX, can use, in addition to PEMEX E&P initiatives already in place, if it decides to build and maintain its own well capping system for use in Mexican waters of the Gulf of Mexico. In addition, BP has agreed to conduct workshops in Houston to brief PEMEX E&P on the technical information and operational aspects of the system…

ABB wins four-year $16 million automation services contract renewal for PEMEX in Mexico. ABB wins an order worth $16 million for the renewal of a lifecycle service contract to maintain and upgrade automation equipment installed on sixteen offshore production platforms in PEMEX’s Cantarell and Ku-Maloob-Zaap Oil Fields. Cantarell and Ku-Maloob-Zaap are the largest and most productive oil fields in Mexico, located in the Bay of Campeche, about 100 kilometers northwest of Ciudad del Carmen, Mexico. Collectively they produce over 1.3 million barrels of crude oil per day. The contract includes services, upgrades, technical assistance, training and spare parts supply for the Distributed Control Systems (DCS)…

American International Industries, Inc. announced that Subsea Oil Technologies, Inc., 50% owned by AMIN, has been assigned U.S. patent application number 12/822,324 entitled "Method and Apparatus for Containing an Undersea Oil and/or Gas Spill Caused by a Defective Blowout Preventer (BOP)," filed on June 24, 2010. The prosecution of the patent application at the United States Patent and Trademark Office (USPTO) has been entrusted to the law firm of Volpe and Koenig, P.C., which is located in Philadelphia, Pennsylvania. Mr. Dror stated, "We believe that the invention disclosed by this patent application (the "BOPstopper") is one of the first to be filed at the USPTO to specifically present possible solutions to contain oil and/or gas spills…

Pride International, Inc. (NYSE: PDE) reported income from continuing operations for the three months ended June 30, 2009 of $121.8 million, or $0.69 per diluted share. The second quarter results compared to income from continuing operations of $153.1 million, or $0.87 per diluted share, for the corresponding three months in 2008. Results for the second quarter of 2008 included a net after-tax gain of $11.8 million, or $0.07 per diluted share, relating primarily to the sale of the company's platform rig fleet. Revenues during the second quarter of 2009 totaled $500.7 million compared to $541.5 million during the second quarter of 2008. Louis A.

Norway's Crown Princess Mette-Marit and Crown Prince Haakon Magnus, opened StatoilHydro's and the Norwegian Embassy in Mexico’s 120-photo exhibition, Norway Powered by Nature, on Monday 16 March. The exhibition, which lines the outside of Chapultepec Park and the Reform Avenue in Mexico City, shows Norway through the four seasonal changes with a special emphasis on the oil and gas industry. The photo exhibition will be open to the public for one month, and all photo text is presented in both English and Spanish.

Mexican authorities are reportedly investigating alleged inefficiency and financial irregularities in building a multibillion-dollar offshore project by oil and gas monopoly Petroleos Mexicanos.

Mexican state oil monopoly Petroleos Mexicanos expects to invest $36 billion during the current six-year administration, up 76 percent from the prior term. The company said its 2001 investment program will total 59.4 billion pesos, about $6.1 billion at current exchange rates. Two-thirds of the sum, the largest investment amount in 19 years, will go toward the Cantarell, Burgos and Delta del Grijalva projects. Construction spending by the company this year is billed at 16.8 billion pesos, up 58 percent over 2000, Pemex said in a statement. Of the construction spending, 56 percent will go toward offshore platforms, 23 percent to pipelines and 19 percent to hydrocarbon separation plants and 2 percent to storage and other infrastructure projects.

Petroleos Mexicanos (PEMEX) and Norcontrol IT entered into a three-year maintenance contract that covers the offshore VTMIS system at the Bay of Campeche oilfield located in the Gulf of Mexico off the Yucatan Peninsula. The Bay of Campeche is the largest oilfield in Mexico and the world's largest offshore oil development project. The VTMIS system installed by Norcontrol IT consists of two control centers and seven radar sites, all of which are covered by the maintenance contract. A large capacity, flexible and reliable VTMIS system is required at the Bay of Campeche for several reasons. The coverage area contains between 200-300 vessels per day, all of which have to be monitored to protect the pipelines: Especially important as the bay is only 40-50 m deep in most areas.

According to reports, U.S. and Mexican oil and natural gas producers evacuated some offshore Gulf of Mexico platforms and rigs, curtailing output as Hurricane Dean whipped past Jamaica heading towards the Yucatan Peninsula. Six of the 834 manned oil and natural-gas platforms along the U.S. Gulf Coast have been evacuated, the U.S. Interior Department's Minerals Management Service said Sunday in a statement. That's shut about 1.8 percent of the Gulf's 1.3 million barrels of daily oil production and 0.7 percent of the region's natural gas. Royal Dutch Shell Plc evacuated 380 workers Saturday, the company said in a statement. Shell has shut production in the Gulf by 23,000 barrels of oil and 47.5 million cubic feet of natural gas per day.