Pemex Seeks Control of U.S. Firm’s Billion-Barrel Find in Gulf of Mexico

By David Alire Garcia MEXICO CITY, Sept 30 (Reuters) - When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico's southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico's state-run oil firm Pemex wants to take over the lucrative project, according to two … [Read more...]

As Mexico’s Oil Sector Sputters, Crime and Violence Rattle Industry Towns

By Gabriel Stargardter PARAISO, Mexico, June 28 (Reuters) - Until recently, Edgar Barrera enjoyed a life many Mexicans could only hope for. In a few short years, the 36-year-old bookkeeper rose from handyman to white-collar worker at what seemed to be one of the most stable companies in Latin America: state-owned oil firm Pemex. Thanks to Pemex, Barrera met his wife, … [Read more...]

Pemex Invites Partners Offshore

  by Marianna Parraga (Reuters) - Mexico’s state-run Pemex [PEMX.UL] might bring partners into two heavy crude oilfields in the Gulf’s shallow waters, the company’s chief said on Tuesday, move that could help ease a lack of heavy barrels in the Atlantic basin. After nine bidding rounds in just three years and a presidential election scheduled in July, Mexico’s … [Read more...]

PHOTOS: Largest Wreck Removal of 2016 Completed in Gulf of Mexico

A little more than a year after salvors from Titan and Svitzer joined forces, the combined company Ardent says it has completely the salvage industries' largest wreck removal of 2016 in the southern Bay of Campeche in the Gulf of Mexico. It was just days after the two companies officially joined forces when the jack-up drilling rig Troll Solution, weighing approximately … [Read more...]

Watch: Fire Fighting Crews Battle PEMEX Tanker Blaze in Gulf of Mexico

Some amazing video has surfaced showing yesterday's fire fighting effort to extinguish a massive fire aboard a laden PEMEX oil tanker in the Gulf of Mexico. The fire broke out Sunday at about 11 a.m. aboard the 40,000 dwt oil/chemical tanker Burgos off the coast of Boca del Rio, Mexico. The Mexican-flagged tanker was laden with 80,000 barrels of diesel and 70,000 barrels of … [Read more...]