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CNH, IADC discuss regulations for Mexico’s upstream industry

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Mexico’s National Hydrocarbon Commission (CNH) met with IADC on 9 March to obtain industry input on CNH’s regulatory priorities. Juan Carlos Zepeda Molina, the President Commissioner of CNH, said he hopes the cooperation between the two groups will help CNH to develop more robust regulations for Mexico’s upstream industry. In this video, filmed during CNH’s visit to Houston, Mr Zepeda outlines CNH’s goals for the coming year and its efforts to be a transparent and reliable organization that will earn the trust of the Mexican people. Read more about CNH’s plans and activities in the May/June issue of Drilling Contractor, due out the first week of May.

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IADC author Sweatman honored by AADE

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Ronald E. Sweatman, author of “Well Cementing Operations,” published in 2015 by IADC, was inducted into the American Association of Drilling Engineers (AADE) Hall of Fame on 12 April. Mr Sweatman was recognized “for his significant contributions to the advancement of cementing and other well services through patented technologies and numerous publications,” AADE stated. The induction occurred during the AADE 2016 National Fluids Technical Conference, held 12-13 April in Houston. “This is a great honor,” Mr Sweatman remarked. “I am very happy to know that my industry service and technical achievements have been appreciated by the AADE and others, like IADC, SPE and API.” “Well Cementing Operations” is the most comprehensive and in-depth treatment of cementing available. The book covers ...

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Financing secured for 2 jackups going to work for Pemex

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In one of the only financings of a newbuild offshore oil/gas unit so far this year, Milbank, Tweed, Hadley & McCloy has advised BBVA, HSBC, Sabadell and Santander in providing non-recourse project financing to fund construction and operation of two offshore drilling units to be owned by affiliates of Grupo R for oil and gas exploration by Mexico’s state-owned petroleum company Pemex (Petróleos Mexicanos).

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