Mexico News

Kaikias subsea infrastructure (Image: Shell)

Shell Starts New Gulf of Mexico Field ahead of Plan

Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the U.S. Gulf of Mexico, around one year ahead of schedule.Production from the subsea deep water development, which will reach 40,000 barrels of oil equivalent per day, comes after Shell reduced its costs by around 30 percent to allow it to generate profit at less than $30 a barrel, the company said."We believe Kaikias is the most competitive subsea development in the Gulf of Mexico and a prime example of the deep-water opportunities we're able to advance with our technical expertise and capital discipline

(Photo: NOAA)

Average Sized Dead Zone Expected in the Gulf of Mexico

NOAA scientists are forecasting that this summer’s Gulf of Mexico hypoxic zone or “dead zone” – an area of low to no oxygen that can kill fish and other marine life – will be approximately 5,780 square miles, approximately the size of Connecticut.The 2018 forecast is similar to the 33-year average Gulf dead zone of 5,460 square miles and is smaller than the 8,776 square mile 2017 Gulf dead zone, which was the largest dead zone measured since mapping began in 1985.Even though NOAA is predicting an average dead zone this summer, the dead zone remains three times larger than

Mexico Auctions Two-thirds of Blocks in Shallow Water Oil Tender

Mexico on Monday auctioned two-thirds of the shallow water oil and gas blocks up for grabs in the latest round of its energy market opening, surpassing the cautious estimates of officials last week.   Italy's Eni, Colombia's Ecopetrol and Capricorn Energy, a unit of Edinburgh-based Cairn Energy , were among the companies at the forefront of the bidding for 15 blocks in the southern Gulf of Mexico.   Ten of the 15 blocks were taken up in the auction.   Eni took one of the blocks by itself and two in consortium with other companies. One comprised Capricorn and Mexican oil firm Citla

Image: U.S. National Hurricane Center

Hurricane Dora Forms Off Mexico's Pacific Coast

Hurricane Dora formed off the western coast of Mexico in the Pacific Ocean on Monday, but it was expected to slow and remain offshore, the U.S. National Hurricane Center (NHC) said. Dora, the first hurricane to form in the Pacific so far this year, was carrying maximum sustained winds of about 80 miles per hour (130 km per hour) as it whirled about 170 miles (275 km) south-southwest of the port of Manzanillo, the center said. Dora was slowing and was likely to see some strengthening on Monday before weakening on Tuesday, the NHC said. The storm was expected to drop 1 to 2 inches (25 to 50 mm) of

Mexico Sets Next Deep-water Oil, Gas Tenders

Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions for deep-water oil and gas tenders in the Gulf of Mexico.   The so-called 2.4 auctions will offer 30 areas, of which 10 are in the Cordilleras Mexicanas deepwater basin, 10 others in the Salina Basin, nine in the Perdido Fold Belt off the U.S.-Mexico maritime border and one more in the Yucatan platform.   The Cordilleras Mexicanas deepwater basin is home to national oil company Pemex's Lakach natural gas project and located east of the Gulf Coast port of Veracruz.   C

(Image: NOAA)

Hurricane Franklin Nearing Mexico

Franklin, upgraded to a Category 1 hurricane from a tropical storm, is expected to hit eastern Mexico's key oil-producing Gulf state of Veracruz on Wednesday evening or early Thursday morning, the U.S. National Hurricane Center said on Wednesday.   Franklin, the first hurricane of the Atlantic's season, was packing maximum sustained winds of 75 mph (120 km/h) and was about 105 miles (170 km) northeast of Veracruz, Mexico, the Miami-based weather forecaster said.   "Some additional strengthening is expected until the center crosses the coast (in the Mexican state of Veracruz). Rapid

© Mike Mareen / Adobe Stock

Latest Gulf of Mexico Auction Signals Offshore Return

Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum.   This compared with $18 million in high bids at the Bureau of Ocean Energy Management's (BOEM) Outer Continental Shelf auction last summer.   Winners will be announced after a 90-day review.   Some producers have signaled that they expect Gulf of Mexico projects to become more profitable now that they have trimmed operations to adapt to low oil prices. Offshore drilling

Photo: Total

Total, Chevron Team up in Gulf of Mexico Oil Exploration

 Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks.   The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery. Total’s participation in these wells will be between 25 percentand 40 percent.The first of these wells was spudded late July on the Ballymore prospect in Mississippi Canyon.

Mexico Announces Bid Terms for First Deep Water Oil Joint Venture

Mexico's oil regulator on Wednesday announced bid terms for a first-ever joint venture between state-owned oil company Pemex and would-be private partners to develop oil reserves in the Gulf of Mexico's deep waters.   The call for bids to partner with cash-strapped Pemex on the Trion light oil field follows the constitutional energy reform enacted in 2013 which promised to reverse a decade-long slump in crude production. (Reporting by David Alire Garcia, Ana Isabel Martinez and Adriana Barrera)

Photo: Hydrex

Double On-site Seal Repair on Offshore Platform in Mexico

In August a team of Hydrex divers traveled to Veracruz, Mexico for a stern tube seal repair. The operation consisted of the underwater replacement of the damaged seals on both assemblies of a semi-submersible offshore platform.   The unit left the field after its project was finished and was berthed alongside to have repair and maintenance work carried out without docking. We were asked to perform the stern tube seal repairs during the available window of opportunity.   After the diving team performed a thorough underwater inspection of the assembly they installed on of our flexible

US Sets Gulf of Mexico O&G Lease Auction for March

The U.S. Interior Department said it will hold its largest offshore auction to date, nearly 77 million acres, to energy companies in March 2018 to conduct oil and gas development.   The proposed lease of offshore Texas, Louisiana, Mississippi, Alabama and Florida blocks continues U.S. President Donald J. Trump's efforts to encourage domestic energy production despite relatively low oil prices, the department said.   The proposed lease sale includes 14,375 blocks that are located from three to 230 miles offshore in the Gulf's Western, Central and Eastern sectors in water depths ranging

© flyingrussian / Adobe Stock

Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms

Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks.   Mexico will on Wednesday hold its most important auction since a 2013 reform ended the 75-year monopoly on the energy sector held by state-run oil firm Pemex.   The government of President Enrique Pena Nieto hopes the deepwater sale will attract tens of billions of dollars of investment to turnaround a slump in the country's oil output. Seven previous auctions drew investment pledges of

Courtesy Pemex

Mexico Eases Consortium Rules for Deep-water Trion JV with Pemex

Mexico's oil regulator on Friday approved a more flexible bidding scheme for a highly anticipated upcoming auction that will pick a partner for national oil company Pemex to jointly develop its deep-water Trion block in the Gulf of Mexico. Consortia wishing to bid on the project can now have a single operator that will be responsible for managing the development, according to the change approved by the regulator, known as the CNH. "The previous version of the joint operating agreement (JOA) required that bidders form a consortium with at least two operators, and that this consortium of two

Total, ExxonMobil Win Block in Mexico Deep Water Oil Auction

Mexico awarded a consortium comprised by Total and ExxonMobil the second block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a historic deep water oil and gas auction on Monday.   Block 2 is a 1,149 square mile (2,976.6 square km) block which the energy ministry says contains some 1.440 billion barrels of oil equivalent (boe) in light and extra light crude as well as natural gas. (Writing by Dave Graham)

China Offshore Oil Wins First Block in Mexico Deep Water Auction

Mexico awarded China Offshore Oil Corporation the first block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border, in a historic deep water oil and gas auction on Monday.   Block 1 is a nearly 650 square mile (1,678 square km) block which the energy ministry believes contains some 625.8 million barrels of oil equivalent (boe) in extra light crude. (Writing by Dave Graham)

Chevron, Pemex, Inpex Win Block in Mexico Deep Water Oil Auction

Mexico awarded a consortium of Chevron, Pemex and Inpex Corporation the third block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a historic deep water oil and gas auction on Monday.   Block 3 is a 651 square mile (1,686.9 square kilometer) block which the energy ministry says contains some 1.304 billion barrels of oil equivalent (boe) in light and extra light crude. (Writing by Dave Graham)

No Bids for 6th Oil Block in Mexico's Salina Basin

Mexico's oil regulator said there were no bidders for the sixth block tendered in the Gulf of Mexico's Salina Basin a historic deep water oil and gas auction on Monday.     (Reporting by Adriana Barrera)

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