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Regional News: Latin America

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Mexico Cuts Spending On Oil Shock, Shelves Tainted Rail Project
Friday, January 30, 2015 Mexico's government cut its 2015 budget by nearly 3% after a drop in global prices hurt public finances.

Mexico Looks The Other Way As Contractors Fleece Oil Giant Pemex
Friday, January 23, 2015 A recent rig deal, a Reuters examination finds, is typical of the way Pemex and the government respond to widespread signs of fraud in the company's vast contracting budget: by looking the other way.

Caribbean Rex Finds Commercial Oil in Trinidad & Tobago's South Erin Block
Wednesday, January 21, 2015 Rex International Holding's unit Caribbean Rex drills two successful wells in South Erin Block in Trinidad & Tobago.

Keppel Sees Shallow-Water Projects Supporting Rig Demand amid Lower Prices
Monday, January 19, 2015 Keppel believes oil production in shallow-water basins will support rig demand, but revenue diversification is key to ride out the low oil price environment.

Mexico Has Stamina to Maintain Energy Reform
Friday, January 16, 2015 Mexico is committed to energy reform, but will need to show more flexibility in the bidding terms proposed for Round One, a Mexico policy expert reports.

Mexico Says Oil Slump Could Delay Some Tenders, Hit Public Spending
Thursday, January 15, 2015 Mexico says that the tenders for the exploration and production of shale and other more expensive oil and gas deposits could happen later than planned due to the slump in oil prices.

Slim's Carso, Consortium Wins US-Mexico Gas Pipeline Contract
Friday, January 09, 2015 A consortium including an energy company controlled by billionaire Carlos Slim wins a contract to build a 143 mile pipeline to supply gas to central, northern and western Mexico, the state power company says.

McDermott to Install Pemex's Ayatsil-A Drilling Platform Offshore Mexico
Tuesday, January 06, 2015 McDermott will install Pemex's Ayatsil-A drilling platform installation in the Bay of Campeche offshore Mexico.