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Tag Archives: Mexico

Mexico to offer farm-out on deep water field in Gulf

Mexico, Pemex

MEXICO CITY (AP) — Mexico’s state-owned oil company announced Friday it will offer a farm-out arrangement to private firms to join in the exploration of a deep-water field in the Gulf of Mexico. It would be the first time that Petroleos Mexicanos has formed an association with a private firm for deep-water drilling. Pemex Director Jose Antonio Gonzalez called it ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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24 dead in Mexico petrochemical plant blast, 8 still missing

24 dead in Mexico petrochemical plant blast, 8 still missing

COATZACOALCOS, Mexico (AP) — The death toll from an explosion that ripped through a petrochemical plant on Mexico’s southern Gulf coast is now 24, state oil company Petroleos Mexicanos reported. Pemex raised the toll late Thursday from the 13 fatalities previously known and said eight workers remained missing. It also said 19 people remained hospitalized, with 13 of them in ...

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Oil majors show interest in Mexico’s offshore auction

Oil majors show interest in Mexico's offshore auction

Mexico’s forthcoming auction of offshore oil and gas fields is drawing significant interest, according to a report by Fuel Fix. So far, 21 companies have asked to review data on fields within Mexico’s territorial waters in the Gulf of Mexico. Major oil companies, such as ExxonMobil, BP, and Chevron, have expressed interest in the available fields. The country will auction ...

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Top Eagle Ford news stories: April 8-15

Eagle Ford news

A variety of headlines hit the site this week. Trade, tragedies, theft and more. Take a look at the top Eagle Ford news stories from the past week. 5.) Stricter offshore drilling rules issued, upsetting industry NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce ...

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Mexico thieves build tunnel, camouflaged truck to steal oil

Mexico thieves build tunnel, camouflaged trucks to steal oil

MEXICO CITY (AP) — Authorities in central Mexico say thieves built a camouflaged truck to transport fuel stolen from government pipelines. Police found a tunnel built by pipeline thieves in the same state of Guanajuato last week. The discoveries show the sophistication of thieves who drill taps into state-owned pipelines thousands of times every year to steal gasoline and diesel. ...

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US trade deficit rises in February to 6-month high

US trade deficit rises in February to 6-month high

WASHINGTON (AP) — The U.S. trade deficit rose in February to the highest level in six months as the growth in imports outpaced a modest rise in exports. The trade gap widened to $47.1 billion, up 2.6 percent from a January imbalance of $45.9 billion, the Commerce Department reported Tuesday. Boosted by stronger sales of U.S.-made autos, exports increased 1 ...

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