Keppel O&M takes jack-up haircut, agrees to Saudi deal
Keppel Offshore & Marine (O&M) has signed up to provide two more jack-up rigs to ADES Saudi, under a contract worth $155 million for the builder.
Mexico
Shell signs up to 20 year deal with Mexican LNG project
Shell has signed a deal with Mexico Pacific to take 2.6 million tonnes per year of LNG from the first two trains of the project, which will be in Mexico’s state of Sonora.
NFE sets out Apollo venture, Mexico export hub plan
New Fortress Energy (NFE) has set out a plan to sell down its stakes in 11 LNG vessels and two deals in Mexico.
Fire breaks out offshore Mexico, 15 rescued
A fire appears to have forced an evacuation from an oil platform offshore Mexico, according to local reports.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Mexico to stop exporting oil in 2023 in self-sufficiency quest
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.
One dead in Pemex pipeline blast in Mexico
At least one person has been killed and a number of others injured when a pipeline owned by state oil company Petroleos Mexicanos (Pemex) exploded.
Scots offshore diver on road to recovery after being placed in coma following Covid diagnosis
A Scottish offshore diver is on the road to recovery after Covid-19 complications left him in an induced coma for several weeks thousands of miles from home.
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Whittaker Engineering: UK has ‘perfect opportunity’ with market in Mexico
More than a decade since launching its business in Mexico, Whittaker Engineering is still, quite literally, finding new routes to explore.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
RigQuip to create 120 jobs and invest £10m in growth strategy
Aberdeen-headquartered RigQuip has announced plans to create 120 jobs and invest at least £10m in growth plans over the next five years.
BP, Shell step up carbon neutral LNG deliveries
BP is due to deliver a first cargo of carbon neutral LNG to Mexico’s Energía Costa Azul (ECA) terminal today.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
NXG opens larger Aberdeen HQ and launches Mexico operation
Drilling technology and services firm NXG has invested more than £1million to open new Aberdeen headquarters, and launch an operation in Mexico.
Oil price recovery drives E&P result for Eni
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
Petroleos Mexicanos employee deaths are accelerating with new Covid-19 wave
Covid-19 deaths at Mexico’s state-owned oil giant accelerated last month at the fastest pace since August amid a second wave of infections in the nation.
Cyprus, Mexico to lead drilling in 2021
IHS Markit expects companies to drill 38 high impact wells this year.
While OPEC+ fights, Mexico wins over $2 Billion with oil hedge
Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5 billion from its 2020 sovereign oil hedge, people familiar with the transaction said.
Borr Drilling takes 30% hit to revenues as operators cancel contracts
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.
Costa Azul hits first LNG FID of the year
Backers of the Costa Azul LNG export plant in Mexico have reached a final investment decision (FID), the first to be taken globally this year.
Petrofac ready to take Perenco to court over Mexico payments
Petrofac will start legal proceedings against Perenco to recover a balance of $80.2 million plus interest related to the sale of the remaining 51% of its Mexican operations.
TechnipFMC’s Genesis spells out transition shift
TechnipFMC’s independent engineering consultancy Genesis Oil and Gas Consultants is expanding and dividing its business, separating its oil and gas business from its energy transition and diversified services.
Dolphin Drilling wins £62million Pemex contract
Dolphin Drilling has won an $83m (£62m) contract with Pemex in Mexico.
Renaissance lines up Botswana, amid Mexican gloom
Renaissance Oil Corp. has lined up an entry into Botswana in a bid to diversify its focus away from Mexico.