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Recent Articles

McDermott's China JV Clinches Fabrication Contract from Jord
Friday, March 28, 2014 McDermott's joint venture in China clinches a module fabrication contract from Jord Oil and Gas Systems.
Repsol Shareholders Seal Argentina Deal But Pemex Tensions Linger
Friday, March 28, 2014 Shareholders of Repsol approved the $5B settlement with Argentina over the 2012 seizure of YPF at an annual meeting that also shed light on tensions with Pemex.
Mexico May Trim Pemex's Oil Field Wish List
Thursday, March 27, 2014 Mexico's energy ministry aims to find a middle ground between strengthening Pemex and ensuring major opportunities for new private producers, a top government official says.
Seadrill Finalizes PEMEX Contracts, Unveils Joint Venture
Tuesday, February 18, 2014 Seadrill finalizes drilling contracts with PEMEX and establishes a joint venture to own and manage jackups working offshore Mexico.
Coastal Contracts Bags $372M Deal to Supply Self-Elevated Jackup to Pemex
Tuesday, February 11, 2014 Coastal Contracts' subsidiary bags $371.6 million contract to provide a self-elevated jackup to Pemex.
PEMEX CEO, Team Seen Favoring Rapid Adoption of Energy Reform
Tuesday, January 28, 2014 PEMEX's executive team appears to favor energy reform, but sees the need for a level playing field in face of competition from private companies.
FMC Signs $64M Deal with Pemex for Supply of Surface Wellheads
Monday, January 27, 2014 FMC Technologies signs a deal, valued at $64 million, with Pemex for the supply of surface wellheads for its drilling and well maintenance programs in the Gulf of Mexico.
Pemex CEO: Russia's Lukoil, Mexico's Pemex to Sign Cooperation Memorandum
Friday, January 24, 2014 Mexico's Pemex is to sign a cooperation deal with Russia's Lukoil Friday.
COSL Inks Contract to Supply COSL4 Module Rig to Pemex
Wednesday, January 08, 2014 COSL inks contract with Pemex to supply the COSL4 module rig for operations in the Gulf of Mexico over a period of over 1,700 days.
Hundreds Evacuated After Gas Explosion North Of Mexico City
Monday, December 16, 2013 Hundreds of people were evacuated after an explosion and fire that was caused by thieves trying to tap into a Pemex natural gas pipeline of on the outskirts of Mexico City.
Newbuild COSLHunter Heads to Gulf of Mexico for Pemex's Assignment
Tuesday, December 10, 2013 Newbuild jackup COSLHunter heads to the Gulf of Mexico to commence work for Pemex.
Exec: Pemex's 'Front Door' Could Open Wider with Mexican Energy Reform
Monday, December 09, 2013 Arturo Henriquez, the head of Pemex's international procurement arm, sees significant changes for suppliers with Mexican energy reform.
Top Senator: Mexico Lawmakers Poised To Debate Energy Reform
Wednesday, December 04, 2013 Mexican lawmakers are poised to send a landmark energy bill to Senate committees to start debate on a cornerstone of President Enrique Pena Nieto's economic reform drive.
Spain's Repsol Says Board Backs Preliminary YPF Deal
Thursday, November 28, 2013 The board of Spain's Repsol unanimously agrees to start formal talks with Argentina over a compensation offer for assets Buenos Aires seized last year that could end an 18-month standoff between the two countries.
Pemex Renews Contracts with COSL for Module Rigs COSL1, COSL2
Thursday, November 28, 2013 China Oilfield Services Limited has renewed contracts for module rigs, COSL1 and COSL2, with Pemex at higher day rates.
Spain's Repsol Has Initial Deal With Argentina On YPF
Monday, November 25, 2013 Repsol and Argentina reach a preliminary deal for the Spanish oil major to get paid for the 51 percent stake in YPF.
Spokesman: Mexico's Slim Not Looking at Repsol Stake
Tuesday, November 19, 2013 Pemex wants billionaire Carlos Slim to buy 10 percent of Repsol and join it in a new investor alliance in the Spanish oil major.
KBR: Foreign Investors May Balk at Pemex's Sovereign Status
Friday, November 15, 2013 An ongoing legal dispute between KBR and Pemex units serves as a warning for any foreign company doing business in Mexico, contends a top attorney with KBR.
Lawmakers: Mexico Oil Reform Could Go Beyond Profit-Sharing Contracts
Wednesday, November 06, 2013 Mexico could offer oil companies incentives that go beyond planned profit-sharing contracts when Congress passes the government's energy reform, two senior officials from the ruling Institutional Revolutionary Party (PRI) said.
Mexico to Keep Pumping Pemex for Tax Money Despite Promised Reforms
Wednesday, October 30, 2013 Saddled with a tax rate of almost 100%, Pemex hands over so much cash to the government that it has only a fraction of the money it needs to invest in production and exploration.