SBM Offshore has secured $465 million in project financing for FSO Chalchi, the floating storage and offloading (FSO) vessel being built for Woodside Energy’s Trion deepwater development offshore Mexico. The financing, provided by a consortium of international banks and institutional investors, includes partial insurance support from China Export & Credit Insurance Corporation. SBM Offshore said the funding will be […]
The project involves converting two LNG carriers into floating storage units and building two new FLNG barges at Drydocks World’s Dubai yard. Once operational in late 2028, the facility will have a liquefaction capacity of more than 4.2 million tonnes per year (tpy), making it the largest FLNG development globally.
Expro has been awarded a major three-year contract by Woodside Energy in support of the Trion deepwater oil and gas development offshore Mexico.
Mexican firm Ursus Energy has received the concession for the Coatzacoalcos II development hub, enabling it to proceed with a planned LNG plant focused on exports to the Americas and Europe, the company said on Monday.
Late last year, the company’s management revised its budget down, which could prove an additional obstacle to boosting production. The cutback follows instructions from Pemex’s new upstream head, Nestor Martinez, to scale back major well repairs and seismic data contracts. Instead, Pemex will focus on developing new deposits, especially in the deep waters of the Gulf.
At the end of January, Sheinbaum sent a draft energy reform to Congress, which aims to accelerate the energy transition and improve access to energy, partially by allowing greater private sector investment in the sector. The Senate approved the reform on the 26th of February with 85 votes in favour, 39 against, and one abstention.
Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude to the United States.
The European Union and Mexico have agreed to a revamped free-trade agreement days before Trump begins a second term. Mexico, in particular, has been working to revamp the trade deal with the EU ahead of Trump’s inauguration as a way to show strength before the review of the US-Mexico-Canada trade agreement, known as USMCA. The U.S. is, by far, Mexico’s biggest trade partner, accounting for 83% of Mexico’s trade relationship. Trump has criticized the EU’s trade practices and said he would impose duties on exports by the bloc. He’s also said he’d impose 25% tariffs on goods from Mexico.
Shell Pipeline Company has reached a FID for the Rome Pipeline project linking Shell’s Green Canyon Block 19 (GC-19) offshore pipeline hub with the Fourchon Junction facility on the Louisiana Gulf Coast, Shell announced on Thursday
The news agency Reuters has seen something the rest of us haven’t: Internal Mexican government estimates of that country’s future oil production which paint a gloomy picture of rapid decline after 2030. Is this admission just the tip of the iceberg?