Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil.
Pemex: Harvey Caused Crude Oil Shipment Delays
Mexican national oil company Pemex said on Tuesday that Hurricane Harvey forced the cancellation of several crude oil export shipments. Due to the damage inflicted by Harvey on the U.S. Gulf coast refining center, Pemex arranged for alternative gasoline and diesel cargos from suppliers elsewhere, the company said in a statement. The company also moved up maintenance plans for its Ku-Maloob-Zaap field…
Oil Firm Evacuate Workers as Storm Approaches Texas
Oil companies evacuate workers as storm takes aim at Texas. Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast…
M² Subsea, Frontera Join Forces in the GoM
M² Subsea has joined forces with Frontera Offshore to deliver remedial pipeline work for Permaducto, a subsidiary of Grupo Protexa, in the Ku-Maloob-Zaap (KMZ) oilfield in the Bay of Campeche, 65 miles north east of Cuidad del Carmen, Mexico. This contract also marks the first award for M² Subsea in the Gulf of Mexico region. The project will see personnel…
Conquest Offshore Partakes in Troll Solution Wreck Removal
Conquest Offshore’s MB-1 heavy lift barge was the key asset in the largest wreck removal recorded in 2016. Conquest MB-1 removed the Troll Solution jack-up rig from the seabed 30 meters deep of the Bay of Campeche, Mexico. The accident occurred back in May 2015 when the Troll Solution tilted during the positioning to carry out maintenance work related to the Caan Alf production platform, operated by PEMEX, Mexico’s National Oil Company.
Fire on Pemex Tanker in Gulf of Mexico
A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet. Mexico's Navy said there were 31 crew members and that all had returned to port.
Pemex Blast Death Toll at 24, Leak Blamed
Pemex says death toll from blast could still rise; Pemex CEO says unclear what caused the accident. Twenty-four people died after a leak caused a deadly petrochemical plant blast, and the death toll could still rise, Mexican oil giant Pemex said on Thursday, the latest in a series of fatal accidents to batter the company. Pemex CEO Jose Antonio Gonzalez Anaya…
Three Dead on Pemex Platform, Fire Under Control
Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control, the Mexican oil giant said via Twitter on Sunday. A spokesman for Pemex said oil continued to be pumped but that the company was still evaluating any impact on production. The platform did not have to be evacuated, according to a tweet.
Pemex Extends Fugro Campaign
Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche. The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field operations, laboratory testing and geoconsulting activities. The field program…
Schlumberger, Statoil Execute Multiclient WAZ Survey in Campeche Basin
Schlumberger announced today that Statoil Gulf of Mexico LLC has signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. The license also includes collaboration with WesternGeco in the seismic processing phase. “We are pleased to have the opportunity to collaborate with Statoil in this breakthrough project…
Eni: Green Light to the Drilling Campaign Offshore Mexico
Press release - Eni signed in Mexico City with the Comisión Nacional de Hidrocarburos of Mexico (CNH) a Production Sharing Contract (PSC) for the development and exploitation of the Amoca, Miztón and Tecoalli oil fields, located in the Bay of Campeche offshore Mexico. Eni was awarded the rights for the development and exploitation of the three fields, located inside the "Area 1", on September 30 following an international tender.
Fugro Secures PEMEX Contract Extension
Fugro (Mexico) in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by the Mexican national oil company, PEMEX. Geotechnical field operations, laboratory testing and Geoconsulting activities will support exploration drilling activities in the Bay of Campeche and deepwater locations in the Perdido area.
Harkand Reports Two Survey Firsts in Mexico
Harkand has carried out the first ever free inertial metrology in Mexico’s waters and at a new depth for this approach in the region. The global inspection, repair and maintenance company achieved the survey results for their client at a depth of 380fsw in the Bay of Campeche, setting a new record in the area. The scope of work saw Harkand working in collaboration…
Blast at Pemex GoM Platform Rattles Energy Markets
An explosion hit a platform in a major shallow water field operated by Mexican state oil company Pemex in the southern Gulf of Mexico on Monday, local media reported. An explosion hit a platform in a major shallow water field operated by Mexican state oil company Pemex in the southern Gulf of Mexico on Monday, local media reported, but it was not clear whether output had been affected.
Mexican Offshore Rig Accident Kills 2 Workers
Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Pemex said the Troll Solution rig, which was contracted to operate in Pemex's Abkatun-Pol-Chuc shallow water oil field, was positioning itself to carry out maintenance on wells linked to the Caan Alf platform.
Deadly Fire on Pemex Oil Platform to Cost up to $780m
Losses associated with a deadly explosion on an offshore oil platform owned by Mexican state-run company Pemex will total as much as $780 million, a source close to the discussions said on Tuesday. The fire that engulfed the Abkatun A-Permanente platform on the southern rim of the Gulf of Mexico earlier this month killed four workers and provoked the evacuation of over 300 others as ships sought to douse the flames.
Pemex: 2015 Output Unaffected by Platform Blaze
Mexican state oil giant Pemex expects to meet its 2015 output target of 646,000 barrels per day (bpd) for the oil-producing region where a platform exploded last week, killing four people and leaving three more missing, a top executive said on Sunday. The fire broke out on Pemex's Abkatun Permanente processing platform in the oil-rich Bay of Campeche at 3.40 a.m. local time on Wednesday, leading to the evacuation of 302 people.
Fatal Blaze at Platform
Four workers were killed and 16 were injured in a fire that broke out midweek at the Pemex-operated Abkatun Alpha platform in Mexico’s Bay of Campeche. Petroleos Mexicanos, with the support of the Navy succeeded in extinguishing the blaze. Once the fire was drowned last night in Abkatun A-Permanent platform, Pemex staff yesterday several trips to ensure the entry of the authorities of the PGR…
McDermott Wins PEMEX Installation Contract
McDermott International, Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion in the Bay of Campeche Ayatsil field. The value of the award is included in McDermott’s fourth quarter backlog. “The Ayatsil-A installation award from PEMEX is a direct result of the substantial local capabilities and operations of McDermott in Mexico…
Pemex Suspends Eviction of Workers in Campeche
Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency Response Plan for Hurricanes (PREH) of Pemex, recommended the suspension of the removal of offshore platforms in Campeche. On platforms remain toiling around 16 thousand workers whose activities are directly related to production.
