The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Well management firm Exceed Energy has enjoyed at jump in profits after injecting fresh impetus to its overseas expansion ambitions.
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
“There’s a difference between the way grass grows and the way a tree grows,” says Pol Palacios.
The death toll from a pipeline explosion in central Mexico has risen to 66, according to Hidalgo state governor Omar Fayad.
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more foreign oil companies south of the border.
US oilfield service firm McDermott International has won a pipeline installation contract with Mexico's Pemex.
UK oilfield services firm Petrofac will sell 49% of its Mexican business to Perenco.
European oil majors are swarming the shallow-waters of the Gulf of Mexico as the country races to attract investment before an election.
UK-based Premier Oil has been awarded stakes in three blocks in Mexico's latest licensing round.
Mexico’s 2013 decision to end the government monopoly on energy has resulted in billions in investment and the arrival of dozens of international oil companies.
Mexico’s Vista Oil & Gas has clinched a deal to buy assets in Argentina for $700million.
Mexico will today hold its most important oil auction since reforms to the country’s energy sector in 2013.
If you’re a super-major oil explorer, Mexico says it’s got a bargain for you.
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
An auction to become the marketer for Mexico’s share of oil and gas extracted under new contracts has fallen flat, a news report said. The National Hydrocarbons Commission said no bids were received by yesterday’s deadline, Reuters reported. A new tender process will be launched in the coming days, it said.
Hurricane Harvey’s crushing blow to the U.S. energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbor.
UK-based energy service firm Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.
A Mexican green energy start-up is harnessing the unused parts of the prickly pear cactus to create biomass.
Mexico’s Vista Oil & Gas has raised $650million through a share placing, a news report said. Vista, an energy investment firm, became the country’s first publicly traded oil firm by floating on the country’s stock exchange, Reuters reported. The company is backed by private-equity firm Riverstone Capital.
The US was a net exporter of natural gas in three of the first five months of 2017, bucking a trend which has lasted more than half a century, a new report said.