Pemex Has Decided to Increase Oil Production from Old Deposits in the Gulf of Mexico
The Mexican state oil company Petroleos Mexicanos (Pemex) has agreed with the private oilfield services company CME Oil and Gas on the reconstruction of the mature Bacab and Lum fields in the Gulf of Mexico, Bloomberg reports. Investments over 15 years are planned in the amount of $1.65 billion. It …
Mexico’s Oil Production is Falling, and This Could Destroy the Dream of Energy Independence
The new President of Mexico, Claudia Sheinbaum, will face the need to solve a number of problems in the oil industry, which is one of the main ones in the country’s economy, writes the Reuters agency. Mexico is a major oil producer, but production at old fields, located mainly in …
Explosion on Offshore Oil Platform in Mexico killed Two People
Two people were killed and another went missing as a result of a fire on the platform of the Mexican oil and gas corporation Pemex in the Gulf of Mexico, follows from the company’s message. “At Pemex, safety is a priority. According to preliminary data, no Pemex employees were reported …
Pemex Predicted a Drop in Gas Production After a Fire on an Offshore Platform
The platforms of the Mexican oil and gas corporation Pemex offshore Campeche in the Gulf of Mexico, affected by the fire, played a significant role in the gas production system, this incident will greatly affect the company’s overall performance, the company’s leaders said. “Given the importance of this facility to …