Where in the Gulf of Mexico is the oil fire?
The blaze, which occurred at the E-Ku-A2 platform at Pemex’s Ku-Maloob-Zaap oil field in the Bay of Campeche, was brought under control around 4.30 p.m. (2130 GMT), Pemex said in a statement. The injured were being treated for burns in hospitals, and the cause of the fire would be investigated, Pemex said.
How did the fire start in the Gulf of Mexico?
According to reports, it started after gas from a leaking underwater pipeline bubbled to the surface and was struck by lightning. The pipeline that caught fire was connected to a platform on Pemex’s flagship Ku Maloob Zaap oil development.
Is the Gulf of Mexico still burning?
Yes, this is real. It may look like CGI, but a whirling vortex of fire really erupted on the surface of the ocean near Mexico’s Yucatan peninsulia on Friday. The country’s state oil company Pemex blamed a gas leak from an underwater pipeline for sparking the blaze.
Why is Mexican oil production falling?
Many analysts point to Mexico’s dependence on easily recoverable oil reserves, and its lack of exploration and infrastructure spending, as the main factors contributing to the declines in production. This, in addition to the current financial situation at Pemex, has prompted the country to pursue Energy Market Reforms.
How much is Pemex worth?
In 2021, the value of the Pemex brand was estimated at 5.55 billion U.S. dollars, down from more than eight billion dollars a year earlier. Pemex is a Mexican state-owned petroleum company and the second most valuable Mexican brand.
Where is the oil spill in the Gulf of Mexico 2021?
3, 2021. Port Fourchon is a major oil and gas hub in the Gulf region. Divers were working Sunday to locate the source of an oil spill roughly two miles off the coast of Louisiana, in the Bay Marchand area of the Gulf of Mexico, according to the U.S. Coast Guard. Coast Guard spokesperson Lt.
Why is oil so important in Mexico?
The petroleum sector is crucial to the Mexican economy; while its oil production has fallen in recent years, oil revenues still generate over 10% of Mexico’s export earnings. High taxes on the revenues of Pemex provide about a third of all the tax revenues collected by the Mexican government.
Where does Mexico get its oil?
Most of Mexico’s oil production occurs off the eastern coast of the Bay of Campeche in the Gulf of Mexico. The largest production center is the Northeastern Marine region, consisting of the Ku-Maloob-Zaap (KMZ) and Cantarell complexes, of which the KMZ produces the overwhelming majority.
Who funds Pemex?
Financial status The state-owned company pays out over 60% of its revenue in royalties and taxes. Mexico exports crude oil, but imports more expensive gasoline. National Hydrocarbons Commission, created in 2008 by the Mexican Congress to increase regulatory oversight, has increased scrutiny over Pemex in 2012.
Where was the oil fire in the Gulf of Mexico?
The blaze west of the Yucatan Peninsula broke out at an underwater pipeline that connects to a platform operated by Mexican state oil firm Petroleos Mexicanos (Pemex) at its flagship Ku Maloob Zaap oil development in the southern gulf, Reuters reported.
What was the cause of the oil leak in Mexico?
The bright orange fire west of the Yucatan Peninsula was sparked by a leak from an underwater pipeline, according to Mexican state oil company Pemex. It took more than five hours to fully contain the blaze, which broke out near a Pemex oil platform at around 5:15 a.m., authorities said. No injuries were reported.
Who is responsible for the oil spill in Mexico?
The swirling fire, ignited by a leak in an underwater gas pipe, burned for more than five hours on Friday. The pipeline is controlled by Pemex, Mexico’s state-owned oil monopoly.
Where was the eye of fire oil leak?
Good system. A giant ring of flames erupted on the ocean’s surface in the Gulf of Mexico Friday — setting social media ablaze as stunning aerial footage of the “eye of fire” went viral. The bright orange fire west of the Yucatan Peninsula was sparked by a leak from an underwater pipeline, according to Mexican state oil company Pemex.
