• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 7 mins Biden suspends oil and gas drilling on Federal Lands for 60 days for review.
  • 1 hour Joe Biden's Presidency
  • 8 mins SUVs are conquering the world
  • 22 hours China sends warplanes thru Taiwan airspace. Joe's reponse . . . .
  • 4 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 21 hours Jim Rickards: Brace for a Great Escape from the Dollar and a Flood of Money into Gold and Bitcoin
  • 7 hours BIG TECH or BIG BROTHER?? 1984 to Become Reality ??
  • 6 hours Rejoining Paris Climate Accord is Devestating
  • 8 hours Bankruptcy in the Industry
  • 12 hours Aramco in Talks on $2 Bln Loan from Japan
  • 1 day The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 1 day GENERAL NORMAN SCHWARZKOPF: The Third Tour
  • 1 day Biden's Green Energy Policy
BlackRock Is Turning Up The Heat On Oil Companies

BlackRock Is Turning Up The Heat On Oil Companies

BlackRock is already renowned for…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Pirates Threaten Oil Operations In Gulf Of Mexico

  • The U.S. State Department warns of increased pirate activity in the southern Gulf of Mexico.
  • According to a report from January 2019, there was a 310-percent increase in pirate activity in the southern Gulf of Mexico over the three years to end-2018.

There is increased threat of piracy in the southern Gulf of Mexico, with oil platforms and other installations a potential target, the U.S. government has warned.

“Armed criminal groups have been known to target and rob commercial vessels, oil platforms, and offshore supply vessels in the Bay of Campeche area in the southern Gulf of Mexico,” the State Department said in an updated travel advisory as quoted by Reuters.

There has been pirate activity in the Bay of Campeche for years, with the criminals posing as fishermen and attempting to board offshore platforms and vessels in the Gulf, according to reports in Mexican media. They were a headache for Mexico’s Pemex as they targeted its platforms, on several occasions succeeding in stealing things like pipes, electrical wiring, copper, and various equipment, as well as cash.

According to a report from January 2019, there was a 310-percent increase in pirate activity in the southern Gulf of Mexico over the three years to end-2018, from 48 attacks in 2016 to as many as 197 in 2018.

Witnesses said the pirates travelled in fast boats, boarded platforms, and threatened crews with guns before stealing whatever happened to be of value, from drilling equipment to screws. But, according to Mexico’s President, they also stole crude oil straight from the platforms.

This oil theft, according to an October 2019 report, cost Pemex as much as $1 billion annually.

Oil theft is not uncommon in Mexico, with most of it linked to local cartels using the services of crooked Pemex employees. Yet most of this theft takes place on land: over just two months in 2018, criminals drilled almost 2,300 illegal taps into Pemex pipelines in Mexico.

According to Pemex’s own estimates, the losses from fuel theft over the past three years have reached $7.5 billion (147 billion Mexican pesos). A lot of the theft is conducted by gangs who are quick to resort to violence as they fight among themselves for greater access to state fuels and also engage in extortion of oil workers.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News