Flare Refinery in Northern Mexico Leaves One Dead, 11 Injured
A blaze Friday at the coking plant of the refinery of Mexico's state Pemex in the northern state of Tamaulipas killed one worker and left another 11 wounded, said the oil. Pemex said the coking plant Madero refinery was in maintenance and operations of the refinery, the smallest of the six Pemex and processes an average of 130,000 barrels per day (bpd) were not affected. The company did not elaborate on the status of injured workers. Pemex processes an average 1.24 million bpd in its six refineries. (Reporting by Adriana Barrera)
BP Shares Deepwater Well-capping Expertise
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…
Pemex: 2015 Output Unaffected by Platform Blaze
Mexican state oil giant Pemex expects to meet its 2015 output target of 646,000 barrels per day (bpd) for the oil-producing region where a platform exploded last week, killing four people and leaving three more missing, a top executive said on Sunday. The fire broke out on Pemex's Abkatun Permanente processing platform in the oil-rich Bay of Campeche at 3.40 a.m. local time on Wednesday, leading to the evacuation of 302 people. The blaze was not extinguished until 7.30 p.m that evening. Speaking in a televised conference from Ciudad del Carmen, on the Gulf of Mexico, Gustavo Hernandez, Pemex's head of exploration and production, said the incident had led Pemex to shutter production of about 220,000 bpd, with some 170,000 bpd coming back online between Sunday and Monday.
Mexican Offshore Rig Accident Kills 2 Workers
Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Pemex said the Troll Solution rig, which was contracted to operate in Pemex's Abkatun-Pol-Chuc shallow water oil field, was positioning itself to carry out maintenance on wells linked to the Caan Alf platform. It earlier reported that two workers had suffered minor injuries. "The accident on the Troll Solution platform does not affect production because it is a mobile platform dedicated to well maintenance," Pemex said in a Tweet. Photos circulated on social media showed dark streaks in the water stretching a few hundred meters (yards) from what appeared to be the platform, which was tilting steeply.
Fire on Pemex Tanker in Gulf of Mexico
A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet. Mexico's Navy said there were 31 crew members and that all had returned to port. Images tweeted by Pemex showed the vessel giving off plumes of smoke as another boat hosed the tanker. Early on Saturday evening, Pemex said that firefighting teams were still working to put out the blaze. The tanker was carrying 80,000 barrels of diesel and 70,000 barrels of gasoline, Mexicos Communications and Transport Ministry said.
Pemex to Ship 6 mln Barrels of Crude to Japan
Mexico's Pemex said on Friday it had agreed to ship six million barrels of its light crude to Japan's largest refinery over the next six months, as the state-run oil company seeks to further develop its ties with Asia. The shipments of Isthmus crude will go via six cargoes between this August and January 2016 to JX Nippon Oil & Energy Corp. Pemex already shipped about 4 million barrels to JX Nippon in the first half of the year. Pemex had been negotiating with buyers in Japan and South Korea earlier this year about the chloride content of its crude, and said it would offer discounts if the level of the chemical that can cause corrosion was higher than usual. The crude will be shipped from Pemex's Salina Cruz terminal on the southern Pacific coast of Mexico.
Pemex Sets up Credit Lines to Pay Suppliers
State-run oil company Pemex said on Tuesday it had set up lines of credit with Mexico's development banks to improve liquidity and start paying back billions of dollars in debt to suppliers, as the firm seeks to repair finances hit by a rout in crude prices. Pemex has deferred payments to dozens of suppliers and contractors since last year, racking up some 147 billion Mexican pesos ($8.2 billion) in debt by the end of 2015. So far, it has paid back 20 billion pesos. Juan Pablo Newman…
Pemex Resumes Light Crude Sales to U.S. West Coast
Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company, which exported only about 100,000 barrels per day (bpd) of Isthmus last year, shipped about 340,000 barrels of the crude to Valero Energy Corp at Benicia, California, in January and February, according to U.S. government data. It sent another 350,000 barrels (48,000 tonnes) to Tesoro Corp in San Francisco in March, according to Eikon's trade flow database based on PIERS data. Pemex then exported another 150,000 barrels to Shell Trading at Anacortes, Washington, in May from the Salina Cruz terminal.
Pemex Deepwater Gas Field May Begin Output in 2013
Petroleos Mexicanos, the third- biggest oil supplier to the U.S., may begin production by 2013 or 2014 at the natural-gas field Lakach in the Gulf of Mexico, Bloomberg reported. Production at Lakach, discovered last year in waters almost a kilometer deep, will take longer than at Pemex's shallow-water fields, which require two to three years before they deliver gas, said Vinicio Suro, managing director of planning and evaluation at Pemex's exploration and production unit, on a conference call. Pemex also plans to increase drilling in Chicontepec, a field located across four southern states characterized by small pockets of oil that require thousands of wells to exploit.
Pemex to Invest $470M in Oil Technology
Mexico plans to invest $470m in technological development to aid its oil and gas search over the next five years, state-owned energy company Pemex said recently according to a Reuters report. Pemex, which has proven oil reserves to last about nine years, will reportedly put up most of the money, along with funding from state universities and the country's Petroleum Institute. Much of Mexico's possible reserves that could yield decades more oil are deep beneath the Gulf of Mexico. Pemex reportedly has a $12.5b budget for production and exploration this year. Pemex, which by law is the only company allowed to produce or explore for oil and gas in Mexico, has noncommercial cooperation agreements with Petrobras and other companies that seek to share technological know-how and experience.
Workers Evacuated After Gas Leak at Mexico Platform
Mexico's state-owned oil company Pemex said on Tuesday that it was working to control a gas leak at the Sihil A platform in the Gulf of Mexico. Eighty-five workers have been evacuated, Pemex said in a tweet, but there were no injuries and no fire has been reported. The leak started around at around 0200 GMT, or 9 pm local time, a Pemex spokesman said. (Reporting by Joanna Zuckerman Bernstein and Jean Luis Arce; Editing by Biju Dwarakanath)
BHP Billiton, Pemex sign Trion Contract
BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by executing a contract with PEMEX Exploration & Production Mexico (Pemex) to complete work on the significant Trion discovery in Mexico. In December 2016, BHP Billiton successfully bid on the resource that, once fully appraised, is expected to be in the top 10 fields discovered in the Gulf of Mexico in the last decade. The agreement includes a commitment to deliver a Minimum Work Program, which consists of drilling one appraisal well, one exploration well and the acquisition of additional seismic data.
GE Oil & Gas Sign GofM Deepwater Contracts
GE Oil & Gas has signed an $84-million agreement with PEMEX Exploration and Production to supply and install subsea wellheads for PEMEX’s deepwater and ultra-deepwater drilling projects in the Gulf of Mexico. The Gulf of Mexico is a strategic zone for the hydrocarbon industry, since it is estimated to hold more than 50 percent of Mexico’s potential or prospective resources. However, such reserves are located in deepwater and ultra-deepwater sites, and advanced technology is needed to extract those resources for the benefit of the country. GE Oil & Gas has become a strategic partner both for PEMEX and for Mexico in the search of new hydrocarbon reserves.
J. Ray McDermott Contract for Wellhead Platform
Houston-based J. Ray McDermott (J. Ray), a subsidiary of McDermott International, Inc., announced the award of a contract by PEMEX Exploración y Producción for completion engineering, procurement, construction, load-out and sea fastening of the Kuil-A wellhead platform. The platform is located in the Kuil field in the Bay of Campeche, within the PEMEX Southwest Marine Region. “This new construction contract with PEMEX reinforces J. Ray's strength in the conventional shallow water platform sector of the offshore oil and gas industry in the Gulf of Mexico," said Steve Johnson, J. Ray’s President and Chief Executive Officer. “We have performed previous work for PEMEX from our Altamira facility since it opened for business in 2008.
Pemex Signs Agreement with the British Council
Pemex signed a Memorandum of Understanding with the British Council to promote the training of their workers. The agreement was signed by the director general of Pemex, Emilio Lozoya Austin; Britain's ambassador in Mexico, Duncan Taylor, and the director of the British Council, Lena Milosevic. Thus, they jointly promote seminars, workshops and conferences, as well as the development of academic graduate programs in scientific and technological fields, public, legal and political aspects of economic and political sector activities energy.
EMGS Bags PEMEX Contract
Electromagnetic Geoservices ASA (EMGS) has received a letter from PEMEX to return for 3D EM acquisition in Mexico. The vessel BOA Galatea is expected to re-start the work for PEMEX. The order is confirming a continuation of the existing contract for PEMEX, announced on 27 June 2013. "We are delighted to start working for PEMEX again in this exciting region," said Bjarte Bruheim, CEO of EMGS. The duration of the acquisition is not settled. Further information will be announced in due course.
Horizon Receives Pemex Contract in Mexico
Horizon Offshore’s subsidiaries, HOC Offshore S. de R.L. de C.V. and Horizon Offshore Contractors, Inc. jointly received a letter of award for the KU-MALOOB-ZAAP project from Pemex Exploracion y Produccion. The project calls for installation, tie-in, and associated topside hookup works of four pipelines. Horizon will utilize its lay barge Lone Star Horizon on the project. Construction is scheduled to begin late in the third-quarter of 2005. “Despite having experienced economic difficulties during a period of lower demand for our services, we have maintained good relationships with all of our major customers, including Pemex,” said David Sharp, President and CEO of Horizon Offshore, Inc. successfully complete major construction projects.
Horizon Offshore Announces Pemex Contract
Horizon Offshore, Inc. S. de R.L. de C.V. and Horizon Offshore Contractors, Inc. Package 'J' pipelines of the KU-MALOOB-ZAAP project offshore Mexico. Bay of Campeche. and a DP2 vessel to perform the project. construction scheduled to begin in May 2006. KU-MALOOB-ZAAP project.
Pemex May Tear Down Offshore Platform
Pemex said it may tear down an offshore platform if its structure, hurt by a series of recent fires, weakens further to prevent more damage to adjacent oil-pumping facilities. On Tuesday, a fire broke out at the Kab-121 well on the Kab-101 platform in the Gulf of Mexico, which was damaged in a blaze last month that killed 21 workers. The platform is being repaired but the fire has not been extinguished yet. Pemex would consider tearing down the Usumacinta platform, connected by a bridge to neighboring Kab-101 where most of the wells are located, to control the fire and stop oil leaks into the sea. Pemex, a top-three supplier of oil to the United States, has suffered repeated disruptions to its production and shipping operations this year due to stormy weather in the Gulf of Mexico.
Keppel AmFELS Delivers Third Rig to Perforadora Central
Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record. The rig was christened at Keppel AmFELS’ yard in Brownsville, Texas by Lady Sponsor, Mrs. Gabriela Jiménez de Alvarez Morphy, wife of Mr. Luis Alvarez Morphy Camou, Director of Perforadora Central. Papaloapan is the the third jackup rig built by Keppel AmFELS for Perforadora Central and is based on the LeTourneau Super 116E design.
Incentives' For Pemex To Keep Stake In Repsol low
Mexico's Energy Minister said on Monday that incentives for Pemex to keep its stake in Repsol are low, adding to suggestions the state oil company could pull its 2.3 billion euro ($3.16 billion) investment from the Spanish firm. Pemex, Repsol's third-biggest stakeholder, has had an increasingly troubled relationship with the Spanish oil major, over how Repsol handled the loss of a unit in Argentina and the degree of influence it has allowed its Mexican partner. Finance Minister Luis Videgaray…
Pemex to Launch Transport, Drilling Companies in 2015
Pemex, Mexico's state oil company, will launch new companies next year as it restructures following landmark energy reform, Pemex Chief Executive Officer Emilio Lozoya told local radio on Monday. "The business plan that we're considering for the next year will involve an internal restructuring," Lozoya said. Among the new companies will be a transport and logistics business, Lozoya said. That business will be designed to support foreign companies' access to Pemex's existing pipeline infrastructure, he said.
Horizon Offshore Offers Finance Update
Horizon Offshore, Inc. revolving credit facilities to amend its loan agreements. million on January 31, 2004. outstanding under these revolving credit facilities. facilities mature on April 3, 2004. with the lenders on all of its credit facilities. above. claims is uncertain at this time. arbitration. in its fourth quarter 2003 results.