Regional News: Latin America

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Mexico, Cuba, US Talk Again On 'Doughnut Hole' In Gulf Waters
Friday, September 30, 2016 Officials from Mexico, the United States and Cuba met on Thursday for a second round of talks on the limits of the Western Polygon, an oil-rich area in the waters of the Gulf of Mexico, two people close to the discussion said.

Mexico's Pemex To Reduce Stake In First Deepwater Venture
Wednesday, September 28, 2016 Mexican state oil firm Pemex will cut its stake to 40 percent from 45 percent in the first planned joint venture with private companies to develop reserves in the Gulf of Mexico's deep waters, the national oil regulator says.

Mexico's Pemex Set to Announce Debt Management Deal
Wednesday, September 28, 2016 Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman says.

Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016 EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.

BLOG: McDermott Workforce Factor in Altamira Facility's Bright Outlook
Friday, September 23, 2016 McDermott International official says Altamira facility workers a "revelation" and part of facility's success.


PETRONAS Signs Contract with Schlumberger for Campeche Basin Seismic Survey
Friday, September 23, 2016 Schlumberger signs agreement with PETRONAS to license WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.

Pemex Discovers 6 New Crude Deposits In Gulf of Mexico
Tuesday, September 13, 2016 Pemex says it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters.

Petrobras August Output Falls After Sale of Argentine Oil Assets
Monday, September 12, 2016 August oil and natural gas output at Petrobras falls 1.42 percent from July after a sale of Argentine assets slashed the company's international output.

Mexico 2017 Budget Cuts To Squeeze Pemex, Primary Surplus Eyed
Friday, September 09, 2016 Mexico's government set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a $5.36 billion reduction in funding.

Mexico Sets Minimum Royalty Value For Deepwater Gulf Auction
Wednesday, September 07, 2016 Mexico's Finance Ministry announces the minimum value of additional royalties for companies participating in a deepwater oil tender, one of the most highly anticipated auctions since the opening of the local oil industry.

Algeria To Send Oil To Cuba To Offset Falling Venezuelan Supplies
Wednesday, September 07, 2016 Algeria is sending crude to Cuba for the first time to help offset lower supplies from Venezuela, hit by production problems due to low oil prices, sources say.

Shell Said to Become First Non-Bank to Join Mexico's Oil Hedge
Thursday, September 01, 2016 Shell participated in protecting Mexico against low crude prices in 2017, according to people with knowledge of the matter.